IT services firm Cognizant Technology Solutions Corp's revenue rose about 10% in the first quarter, benefiting from higher spending by clients in the healthcare and financial industries.

The company said on Monday its net income fell to $520 million or 88 cents per share in the three months ended March 31, from $557 million or 92 cents per share, a year earlier.

Revenue rose to $3.91 billion from $3.55 billion.