Cognizant sees quarterly revenue above estimates on strong enterprise demand

IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms.

Cognizant’s services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs.

“Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue…