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Cognizant (CTSH) Tops Q1 Earnings, Revenues Lag

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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 2016 earnings report which has just released.

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

Earnings:Cognizant reported adjusted earnings of 73 cents a share, beating the Zacks Consensus Estimate of 70 cents.

Revenue:Revenues of $3.20 billion came in below the Zacks Consensus Estimate of $3.23 billion but grew 10% year over year.

Key Stats:Non-GAAP operating margin of the company came in at 19.9%.

Stock Movement: Shares prices 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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