Cognizant: Q4 Financial Results Overview
Cognizant Reports Strong Fourth-Quarter Results
Cognizant Technology Solutions Corp., headquartered in Teaneck, New Jersey, announced a net income of $648 million for the fourth quarter.
Earnings per share reached $1.34, while adjusted earnings, which exclude certain one-time items, were $1.35 per share. These figures surpassed the consensus estimate of $1.32 per share from analysts polled by Zacks Investment Research.
The IT consulting and outsourcing company generated $5.33 billion in revenue for the quarter, exceeding analyst expectations of $5.31 billion.
For the full year, Cognizant reported a total profit of $2.23 billion, translating to $4.56 per share, with annual revenue totaling $21.11 billion.
Outlook for the Future
Looking ahead to the first quarter ending in March, Cognizant anticipates revenue between $5.36 billion and $5.44 billion.
For the entire year, the company projects earnings per share in the range of $5.56 to $5.70, with expected revenue between $22.14 billion and $22.66 billion.
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