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Cognizant (CTSH) Tops Q1 Earnings, Revenues Lag

Headquartered in Teaneck, NJ, Cognizant Technology Solutions CorpCTSH 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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COGNIZANT TECH (CTSH): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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