Cognizant (CTSH) Tops Q1 EPS by 3c

Cognizant (NASDAQ: CTSH) reported Q1 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.37 billion.

"In the first quarter, we successfully executed our strategy of embracing digital, investing in international expansion and repositioning the Cognizant brand. Cloud migration and digital adoption create a significant opportunity for Cognizant in the coming years,\" said Brian Humphries, Chief Executive Officer. \"The ongoing humanitarian crisis, especially in India, is deeply concerning. We have made a series of investments to support India in this time of need and continue to prioritize the health and safety of our associates while we serve our clients.

GUIDANCE:

Cognizant sees Q2 2021 revenue of $4.42-4.46 billion, versus the consensus of $4.39 billion.

Cognizant sees FY2021 EPS of $3.90-$4.02. Cognizant sees FY2021 revenue of $3.98 billion.

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

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