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Cognizant's June profit beats estimates; IT major expects softness in banking demand

IT major Cognizant Technology Solutions (CTS) met both street expectations and its own guidance on the back of marginal improvements in demand from financial services sector. CTS reported quarterly revenue of $4.14 billion — up 3.4% (4.7% in constant currency) in June. Sequentially, revenue grew marginally from $4.11 billion in the quarter ended March.

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Discord abandons Microsoft acquisition talks: Report

Discussion platform Discord, popular among amateur video game players, has halted acquisition talks with Microsoft and is instead considerin...

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