Cognizant Technology raises its full-year 2025 adjusted profit forecast, citing increased spending from enterprise clients on artificial intelligence. Shares of the company rose over 6% in premarket trading. The company’s embrace of AI and agents has attracted customers seeking to optimize business processes. Cognizant has used acquisitions to grow and compete in the IT service market. However, uncertainty looms due to the Trump administration’s hefty fee for H-1B visas. The company raised its annual adjusted profit per share forecast and revenue projections for 2025. Fourth-quarter revenue is estimated between $5.27 billion and $5.33 billion, with third-quarter revenue surpassing expectations at $5.42 billion.

Read more at Yahoo Finance: Cognizant raises annual adjusted profit forecast on strong client spending