Cognizant has revised its revenue forecast for the fiscal year, following similar moves by Infosys and HCL. The company now expects its 2023 revenue to be in the range of $19.3 billion to $19.4 billion, a decline of 0.7% to flat. The guidance takes into account recent discretionary spending pressure. For the December quarter, Cognizant anticipates revenue between $4.6 billion and $4.8 billion, a decline of 4% to 1.2% in constant currency. The company's September quarter revenue grew by just 0.2%.