Oct 29 (Reuters) - Cognizant Technology raised

its full-year 2025 adjusted profit forecast on Wednesday,

anticipating a surge in spending from enterprise clients looking

to upgrade their digital infrastructure with artificial

intelligence.

Shares of the Teaneck, New Jersey-based IT consulting

company rose more than 6% in premarket trading.

Cognizant's embrace of AI and agents has helped it

attract customers in search of ways to use the booming

technology to optimize business processes and automate work.

The company has leaned on acquisitions to help grow the

business and expand into new markets in an attempt to gain

ground on larger IT service providers in a highly competitive

market.

However, Cognizant faces an uncertain outlook due to the

Trump administration's $100,000 fee for H-1B visas, which allow

businesses to employ foreign workers in specialty occupations.

The company raised its forecast for annual adjusted profit

per share to between $5.22 and $5.26, compared with its earlier

projection of between $5.08 and $5.22 per share.

Cognizant raised the lower end of its annual revenue

forecast to $21.05 billion from $20.7 billion, while keeping the

upper end unchanged at $21.1 billion.

It forecast fourth-quarter revenue of between $5.27

billion and $5.33 billion, compared with estimates of $5.27

billion, according to data compiled by LSEG.

Cognizant reported revenue of $5.42 billion for the third

quarter, beating estimates of $5.32 billion.