TEANECK (dpa-AFX) - Cognizant Technology Solutions Corp. (CTSH) reported earnings for its second quarter that advanced from last year.
The company said its bottom line advanced to $683.4 million, or $0.87 per share. This was up from $622.9 million, or $0.79 per share, in last year's second quarter.
Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 9.1% to $3.37 billion. This was up from $3.09 billion last year.
Cognizant Technology Solutions Corp. earnings at a glance:
-Earnings (Q2): $683.4 Mln. vs. $622.9 Mln. last year. -Earnings Growth (Y-o-Y): 9.7% -EPS (Q2): $0.87 vs. $0.79 last year. -EPS Growth (Y-o-Y): 10.1% -Analysts Estimate: $0.82 -Revenue (Q2): $3.37 Bln vs. $3.09 Bln last year. -Revenue Change (Y-o-Y): 9.1%
-Guidance: Next quarter EPS guidance: $0.82 - $0.85 Next quarter revenue guidance: $3.43 - $3.47 Bln Full year EPS guidance: $3.32 - $3.44 Full year revenue guidance: $13.47 - $13.60 Bln
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