Bengaluru, Feb. 6 -- Cognizant Technology Solution Corp. bounced back from 2023's lacklustre performance reporting a revenue growth for last year, mainly on the back of two large acquisitions. But factor out the acquisitions and the revenue concerns linger.

The Chennai-born, New Jersey-headquartered Cognizant acquired Belcan in September for $1.3 billion to strengthen its position in the engineering research and development (ER&D) sector. Earlier, in January last year, it acquired Thirdera for $430 million to build an artificial intelligence offering.

The Nasdaq-listed company reported $19.74 billion in revenue for 2024, up 1.98% on a yearly basis. In 2023, Cognizant's revenue had declined 0.4% to about $19.35 billion.

But Cognizant, w...