Cognizant, a familiar name in the IT user community, is one of the largest IT service providers and has a growing global footprint. For FY 2019, it posted total revenues of $16.8 billion, up from $16.1 billion in FY 2018. However, Q2 2020 revenues were down by 3.4% to $4 billion, compared to $4.2 billion in Q2 2019. Cognizant expects FY 2020 revenues of $16.4-16.7 billion (decline of 2-2.5%). The slowdown was largely felt in Europe and North America,