Cognizant (CTSH) Tops Q3 EPS by 7c; Raises Outlook

Cognizant (NASDAQ: CTSH) reported Q3 EPS of $0.97, $0.07 better than the analyst estimate of $0.90. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.15 billion.

GUIDANCE:

Cognizant sees FY2020 EPS of $3.63-$3.67, versus prior of $3.48-$3.58 and the consensus of $3.53. FY2020 revenue expected to be at the high end of the previously guided range at approximately $16.7 billion, or a decline of 0.4% in constant currency.

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

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