U. S.-based Cognizant Technology Solutions Corp on Tuesday beat analysts' expectations by reporting a higher-than-expected increase in quarterly profit.

The New Jersey-based technology giant announced that it pocketed a profit of $300 million during the April to June quarter, beating analysts' projections as well as its own guidance. The profit represented an increase of 5.7 per cent quarter-on-quarter and 19.2 per cent year-on-year.

The company's revenue in the quarter under review jumped 7 per cent quarter-on-quarter to $2.16 billion, and 20.4 per cent from the April to June quarter of 2012.

Cognizant Technology Solutions Corp, which has most of its workforce in India, also raised its guidance for the current year. It said it expected its 2013 earnings to be at least $3.96 a share on revenue growth of at least 19 per cent to $8.74 billion.

The new guidance is slightly higher than its previous guidance of earnings of at least $3.95 a share on revenue increase of at least 17 per cent to $8.60 billion.

In the after-hours trading, Cognizant shares jumped more than 2 per cent to $75.31 apiece. Since July, the shares have gained nearly 17 per cent.