Top IT firms see healthcare revenue share slip, Cognizant drops most
In short
Top IT service firms saw a smaller share of revenue from healthcare. Cognizant had the biggest drop, with healthcare revenue down 160 basis points.
That means healthcare contributed less to revenue for these firms, with Cognizant seeing the sharpest decline.
What the reporting says
Top IT service firms saw a dip in the share of revenue from the healthcare sector, with Cognizant posting the sharpest decrease. Its healthcare revenue fell 160 basis points. The move shows the sector’s weight has eased for at least some large Indian and global IT service providers.
Why it matters
Top IT service firms reported a decline in the share of revenue coming from healthcare, with Cognizant showing the steepest fall at 160 basis points. Cognizant has the largest exposure to the sector among peers, according to the summary. The development points to reduced healthcare dependence in revenue mix for major IT service companies.