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Cognizant (CTSH) Q1 Earnings & Revenues Increase Y/Y

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Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp (CTSH - Free Report) 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#3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Earnings: Cognizant reported non GAAP earnings of 84 cents a share, compared to 80 cents reported in the prior year quarter. The company expects second quarter 2017 non GAAP earnings to be 89 cents.

Revenue: Revenues of $3.546 billion beat the Zacks Consensus Estimate of $3.522 billion. Also, sales grew 10.7% year over year. The company expects second quarter 2017 revenues to be in the band of $3.63 billion to $3.68 billion.

Key Stats: Cognizant’s Non GAAP operating margin in the quarter was 18.9%.

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

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