Cognizant Technology Beats Q1 Earnings And Revenues

Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp (CTSH) 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 June 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#1 (Strong Buy) but that could change following its first quarter 2015 earnings report which has just released.

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

Earnings: Cognizant beat on earnings. Non-GAAP earnings per share (including stock-based compensation) came in at 71 cents, higher than the Zacks Consensus Estimate of 63 cents.

Revenue: Revenues of $2.91 billion came above the Zacks Consensus Estimate of $2.89 billion and grew 20.2% year over year.

Key Stats: Non-GAAP operating margin of the company decreased 100 basis points year over year to 19.8%.

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

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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