Cognizant Technology March quarter results: Revenue rises nearly 10% to $4.83 billion

Cognizant Technology Solutions Corp reported quarterly adjusted earnings of $1.08 per share for the quarter ended in March. The mean expectation of twenty analysts for the quarter was for earnings of $1.04 per share.

Revenue rose 9.7% to $4.83 billion from a year ago; analysts expected $4.83 billion.

Cognizant Technology Solutions Corp's reported EPS for the quarter was $1.07.


The mean earnings estimate of analysts had fallen by about 1.6% in the last three months.

In the last 30 days there have been no earnings estimate revisions by analysts covering the company.

Cognizant Technology Solutions Corp shares had fallen by 9.1% this quarter and lost 8.1% so far this year.

The company reported quarterly net income of $563 million.

Wall Street's median 12-month price target for Cognizant Technology Solutions Corp is $95.00

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."