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Cognizant Q1 revenue falls 1.1%, profit dips 6%
US-headquartered information technology and professional services firm Cognizant Technology Solutions (Cognizant) posted a decline in net profit by 5.9% year-on-year (YoY) to $546 million YoY, for the first quarter FY24 ending March due to a continued slowdown in discretionary spending by clients.The Nasdaq-listed firm had posted a net profit of $580 million in Q1 of FY23.Cognizant, whose majority of employees are based in India, follows the calendar year cycle from January to December.During...
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Digiday+ Research deep dive: Brand marketers grow their YouTube spending while agency marketers cut back
When it comes to social media marketing, YouTube doesn't always get as much attention as its Meta, TikTok and X counterparts. But brands are actually increasing their marketing spend on the platform. It turns out it's a different story for agencies, though.
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Volkswagen's Q1 sales revenue down 1% to €75.5B
The Volkswagen Group announced on Tuesday that its sales revenue in the first quarter of fiscal 2024 landed at €75.5 billion, declining by 1% compared to the same period a year earlier.Vehicle sales w