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). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
However, that could change following Cognizant’s second-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 (adjusted for stock-based compensation and related tax-effect) of $1.11 per share, which beat the Zacks Consensus Estimate by 29 cents.
Revenues: Revenues of $3.67 billion beat the Zacks Consensus Estimate of $3.66 billion and grew 8.9% 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%.
Stock Price: Following the earnings release, share 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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