Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp (CTSH Quick QuoteCTSH - 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 #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 first-quarter 2018 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 $1.06 per share, which beat the Zacks Consensus Estimate by a penny.

Revenues: Revenues of $3.91 billion also beat the Zacks Consensus Estimate and grew 10.3% 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 20.3%, which expanded 140 basis points (bps).
 

Stock Price: Stock price did not show any movement in the pre-market trading session.

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

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