Cognizant (NASDAQ: CTSH) grew third-quarter revenue 4. 6% to about $5. 7 billion, but acquisitions and resold third-party products supplied roughly 4 points of that growth. Shares fell about 6% in midday regular trading. Strip out those two sources and the core consulting and outsourcing business barely grew, while bookings fell and per-share gains came from buybacks rather than higher profit.
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