Cognizant Technology Earns $1.03 per Share in Q4

Cognizant Technology Solutions (CTSH) reported Q4 earnings of $1.03 per share. That beat expectations by six cents per share.

“Consistent and solid execution throughout 2017, along with continued investments to further accelerate the shift to digital during the year, gives us confidence that we can deliver a strong 2018,” said Francisco D’Souza, Chief Executive Officer. “As companies that are already leaders in their industries integrate their domain knowledge with today’s tremendously powerful technologies like artificial intelligence, analytics and cloud, we see a new generation of digital heavyweights emerging. Cognizant is resolved to be the go-to partner to these digital-industrial leaders and also to our fast-growing digital-native clients.”

For Q1, they expect earnings of at least $1.04 per share. For all of 2018, they’re looking for earnings of at least $4.53. Wall Street had been expecting $1.01 for Q1, and $4.35 for the year. They also raised their quarterly dividend by 33% to 20 cents per share.

CTSH is up around 6% today.

Posted by on February 7th, 2018 at 12:58 pm

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