Cognizant Technology Solutions reports better-than-expected numbers in Q4

The profit announced by Cognizant Technology Solutions Corp in the fourth quarter was higher than the Refinitiv mean estimate of profits. The company reported profits of $1.10 per share, 43 cents higher than the same quarter last year when the company reported EPS of 67 cents.

Nineteen analysts providing estimates for the quarter had anticipated profit of $1.04 per share.

Wall Street expected results to range from $1.02 to $1.09 per share, with a forecasted mean of $1.04 per share.


The company reported an increase in revenue to $4.78 billion from $4.18 billion in the same quarter last year.

The consensus recommendation for the company is "Buy". The average consensus recommendation for its services & consulting peer group is also "Buy".