Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corp (CTSH - Free Report) 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#4 (Sell) but that could change following its fourth 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 Non GAAP earnings of 87 cents a share, compared to 80 cents reported in the prior year quarter. The company expects first quarter 2017 non GAAP earnings to be 83 cents.
Revenue: Revenues of $3.462 billion missed the Zacks Consensus Estimate of $3.491 billion. However, sales grew 7.1% year over year. The company expects first quarter 2017 revenues to be in the band of $3.51 billion to $3.55 billion.
Key Stats: Cognizant’s Non GAAP operating margin in the quarter was 18.7%.
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