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 #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!

More Stock News: Tech Opportunity Worth $386 Billion in 2017

From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.

See these stocks now>>