Cognizant Technology Solutions Corporation, a leading provider of information technology, consulting and business process outsourcing services, has announced record-breaking second quarter 2010 financial results.

In addition to a 15% sequential rise in revenue, Cognizant has also topped the client satisfaction rankings in the 2009-10 Europe ITO Service Provider Performance and Satisfaction (SPPS) study carried out by EquaTerra.

Cognizant topped the study’s general satisfaction ranking with a score of 79%, also emerging as the only service provider with no dissatisfied clients among those surveyed. The study evaluated 25 service providers based on a variety of different assessments, and by using feedback from CFOs and CIOs from more than 750 of the top IT spending organisations in Europe.

"Second quarter results further substantiate the strength of the Cognizant model and the continued importance of investing in deep industry expertise, expanded geographic reach and emerging technologies," said Francisco D'Souza, President and CEO of Cognizant.

"During the quarter, spending levels were very strong across clients in all our business segments and geographies. Our clients are investing again in discretionary programs to foster growth and innovation. We saw particular strength in our financial services segment, which had previously been hard hit by the global credit crisis."