Cognizant (NASDAQ: CTSH) reported Q3 EPS of $0.98, $0.03 better than the analyst estimate of $0.95. Revenue for the quarter came in at $3.77 billion versus the consensus estimate of $3.76 billion.

Fourth Quarter & Full Year 2017 Outlook

The Company is providing the following guidance:

• Fourth quarter 2017 revenue expected to be in the range of $3.79 billion to $3.85 billion.
• Fourth quarter 2017 non-GAAP diluted EPS2 expected to be at least $0.95.
• Full year 2017 revenue expected to be in the range of $14.78 billion to $14.84 billion.
• Full year 2017 non-GAAP diluted EPS expected to be at least $3.70.

"We delivered solid third-quarter performance and completed a $1.5 billion Accelerated Share Repurchase program,\" said Karen McLoughlin, Chief Financial Officer. \"During the quarter, we continued to take actions designed to improve our cost structure while allowing us to invest in the business for growth. We maintained our momentum, and we expect to close out 2017 with solid revenue and earnings growth while having undertaken a substantial return of capital to shareholders."

GUIDANCE:

Cognizant sees FY2017 EPS of $3.70, versus the consensus of $3.70. Cognizant sees FY2017 revenue of $14.78-14.84 billion, versus the consensus of $14.79 billion.

Highlights - Third Quarter 2017

• Quarterly revenue rose to $3.77 billion, up 9.1% from the year-ago quarter.
• Quarterly GAAP diluted EPS was $0.84, compared to $0.73 in the year-ago quarter.
• Quarterly non-GAAP diluted EPS1 was $0.98, compared to $0.86 in the year-ago quarter.

For earnings history and earnings-related data on Cognizant (CTSH) click here.