Market Overview

Cognizant Tech Solns: Q2 Earnings Insights

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Shares of Cognizant Tech Solns (NASDAQ:CTSH) rose 3.43% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 12.77% over the past year to $0.82, which beat the estimate of $0.69.

Revenue of $4,000,000,000 declined by 3.40% year over year, which beat the estimate of $3,830,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $3.48 and $3.58.

The upcoming fiscal year's revenue expected to be between $16,400,000,000 and $16,700,000,000.

Conference Call Details

Date: Jul 29, 2020

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/990/35720

Recent Stock Performance

Company's 52-week high was at $71.48

52-week low: $40.01

Price action over last quarter: Up 21.62%

Company Description

Cognizant is a global IT services provider, offering consulting and outsourcing services to some of the world's largest enterprises spanning the financial services, media and communications, healthcare, natural resources, and consumer products industries. Cognizant employs nearly 300,000 people globally, roughly 70% of whom are in India, although the company's headquarters are in Teaneck, New Jersey.

 

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Posted-In: Earnings