Cognizant Guides Higher for 2013

Before the opening bell, Cognizant Technology Solutions ($CTSH) reported Q4 earnings of 99 cents per share which is up from 84 cents for Q4 of 2011. That’s eight cents more than the Street had been expecting. Quarterly revenue rose 17.1% to $1.95 billion. For all of 2012, revenue rose 20% to $7.35 billion, and earnings-per-share increased from $3.07 in 2011 to $3.70 for 2012. As you can see, this is a rapidly-growing outfit.

Cognizant also offered very strong guidance for Q1 and all of 2013. The company sees Q1 revenue rising by 20% to “at least” $2 billion and earnings-per-share hitting $1.01. Wall Street had been expecting 93 cents per share. For the whole year, CTSH sees revenue climbing to “at least” $8.6 billion. That’s an increase of 17%. Cognizant also sees earnings-per-share of at least $4.31. The Street had been expecting $4.00 per share.

Posted by on February 7th, 2013 at 10:49 am

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