Cognizant (CTSH) Tops Q1 EPS by 1c; Guides In-Line

Cognizant (NASDAQ: CTSH) reported Q1 EPS of $0.84, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $3.55 billion versus the consensus estimate of $3.52 billion.

"We delivered solid results in the first quarter and continued to build our digital solutions portfolio, expand our skills, and enhance our engagements with clients," said Francisco D'Souza, Chief Executive Officer. "We're making good progress in accelerating Cognizant\'s shift to digital services and solutions to create value for clients and shareholders, positioning us well to achieve both our revenue and margin targets for this year."

GUIDANCE:

Cognizant sees Q2 2017 EPS of $0.89, versus the consensus of $0.90. Cognizant sees Q2 2017 revenue of $3.63-3.68 billion, versus the consensus of $3.65 billion.

Cognizant sees FY2017 EPS of $3.64, versus the consensus of $3.64. Cognizant sees FY2017 revenue of $14.56-14.84 billion, versus the consensus of $14.68 billion.

For earnings history and earnings-related data on Cognizant (CTSH) click here.

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