Cognizant IT company lacks revenue



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(Reuters) – Cognizant Technology Solutions Corp. missed badysts' quarterly earnings estimates as sales at its largest financial services unit declined.

Revenues rose 5.1% to $ 4.11 billion, but estimates were down $ 4.17 billion.

Shares closed down 7.7% to $ 66.61.

The results of the company were available before the planned publication date.

Report by Sayanti Chakraborty in Bangalore

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