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Cognizant (CTSH) Q3 Earnings Top Estimates, Revenues In Line

Zacks Equity Research
Updated

Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp CTSH is a leading provider of information technology, consulting and business process outsourcing services. The company was spun off from Dun & Bradstreet in 1996 and went public in Jun 1998.

Cognizant primarily serves four domains: Financial Services, Healthcare, Manufacturing, Retail and Logistics and Other (includes Communications, Information, Media & Entertainment and High Technology).

Zacks Rank: Currently, Cognizant has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

However, that could change following Cognizant’s third-quarter 2017 earnings report which has just released.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Cognizant reported non GAAP earnings of 98 cents per share, which beat the Zacks Consensus Estimate by three cents.

Revenues: Revenues of $3.77 billion in line with the Zacks Consensus Estimate of $3.66 billion and grew 9.1% year over year. The growth was driven by robust performance across all the four domains.

Key Stats: Cognizant’s non GAAP operating margin in the quarter was 20.0%, which expanded 70 basis points (bps).

Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
 

Cognizant Technology Solutions Corporation Price

 

Cognizant Technology Solutions Corporation Price | Cognizant Technology Solutions Corporation Quote

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Check back later for our full write up on this CTSH earnings report later!

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