Cognizant technology solutions withdraws its 2020 guidance

Sees q1 revenue $4.22 billion to $4.23 billion.expects q1 revenue within previously guided range.financial performance in first two months of quarter was on track to exceed previous guidance.cognizant technology solutions - during latter part of march, covid-19 increasingly affected cognizant's business.long-term fundamentals of our business remain strong.withdrawing its 2020 guidance that was provided on february 5, 2020.drawing down $1.74 billion on its revolving credit facility on march 23.has no significant debt maturities until 2023.since march 31(st), cognizant has not initiated any new share repurchase programs.cognizant technology solutions - will provide those at associate level and below with an additional payment of 25% of their base pay for month of april.cognizant - standardized 14 days sick-leave coverage globally for covid-19 cases/self-quarantine without impacting other sick leave/vacation programs.cognizant - q1 revenue is expected to be $4.22-$4.23 billion, up 2.7-2.9% from prior-year quarter.
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