New Delhi: IT major Cognizant on Thursday posted 11.6 per cent increase in net profit to $509 million for June 2019 quarter, and said it expects 3.9-4.9 per cent growth in annual revenue this year. The US-based company, which has a significant portion of its workforce based in India, had posted a net profit of $456 million in the year-ago period, Cognizant said in a statement. Its revenue grew 3.4 per cent to $4.14 billion in the second quarter of 2019, compared to $4 billion in the year-ago period. The topline rose 4.7 per cent on constant currency basis, meeting the guidance of 3.9-4.9 per cent growth in the June 2019 quarter. Also Read – Thermal coal import may surpass 200 MT this fiscalFor July-September quarter, Cognizant expects its revenues to be 3.8-4.8 per cent in constant currency, while for the full year, the topline is forecast to grow by 3.9-4.9 per cent. “We are taking the necessary steps to position Cognizant for improved commercial and financial performance. While there is lots of work ahead, I am encouraged by what I have seen to date and am optimistic on our future,” Cognizant Chief Executive Officer Brian Humphries said.