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Oct 29 (Reuters) - Cognizant Technology (CTSH.O), opens new tab raised its full-year 2025 adjusted profit forecast on Wednesday, anticipating a surge in spending from enterprise clients looking to upgrade their digital infrastructure with artificial intelligence. Shares of the Teaneck, New Jersey-based IT consulting company rose around 10% in morning trading. Cognizant's embrace of AI and agents has helped it attract customers in search of ways to use the booming technology to optimize business processes and automate work. Advertisement · Scroll to continue The company has leaned on acquisitions to help grow the business and expand into new markets in an attempt to gain ground on larger IT service providers in a highly competitive market. However, Cognizant faces an uncertain outlook due to the Trump administration's $100,000 fee for H-1B visas, which allow businesses to employ foreign workers in specialty occupations. "The recently announced Proclamation is expected to have limited near-term impact on our operations," a Cognizant spokesperson said. "Over the past several years, we have significantly reduced our reliance on visas, using them only for select technology roles that supplement our U.S. workforce." Advertisement · Scroll to continue Get the key points from this story with Reuters AI The company raised its forecast for annual adjusted profit per share to between $5.22 and $5.26, compared with its earlier projection of between $5.08 and $5.22 per share. Cognizant raised the lower end of its annual revenue forecast to $21.05 billion from $20.7 billion, while keeping the upper end unchanged at $21.1 billion. It forecast fourth-quarter revenue of between $5.27 billion and $5.33 billion, compared with estimates of $5.27 billion, according to data compiled by LSEG. Cognizant reported revenue of $5.42 billion for the third quarter, beating estimates of $5.32 billion. Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV2127676363 About ConnatixV2127676363 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Reporting by Zaheer Kachwala in Bengaluru; Editing by Leroy Leo Purchase Licensing Rights
