Cognizant Pulling Ahead Of Indian Peers

Cognizant Technology Solutions Corp (NASDAQ:CTSH) quietly pulled off something rather significant, when it posted it Q2 numbers: on a quarterly revenue basis it overtook industry software services provider Infosys Ltd (NSE:INFY) to become the No. 2 software services provider. Other goodies: it raised guidance for earnings per share by 2 cents, and stood by its revenue guidance for the full year 2012. “Cognizant Technology Solutions Corp (NASDAQ:CTSH) once again delivered industry leading growth, despite a challenging macro-economic environment,” Gordon Coburn, president of Cognizant, said in an earnings statement. “This market downturn, as with those before, is serving as a catalyst for…