Cognizant (NASDAQ: CTSH) reported Q1 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $3.91 billion versus the consensus estimate of $3.9 billion.

Highlights - First Quarter 2018¹

• Quarterly revenue rose to $3.91 billion, up 10.3% from the year-ago quarter.
• Quarterly GAAP diluted EPS was $0.88, compared to $0.92 in the year-ago quarter.
• Quarterly non-GAAP diluted EPS2 was $1.06, compared to $0.84 in the year-ago quarter.

Revenue for the first quarter of 2018 rose to $3.91 billion, up 10.3% from $3.55 billion in the first quarter of 2017. GAAP net income was $520 million, or $0.88 per diluted share, compared to $557 million, or $0.92 per diluted share, in the first quarter of 2017. Non-GAAP diluted EPS was $1.06, compared to $0.84 in the first quarter of 2017. GAAP operating margin was 17.7% and non-GAAP operating margin2 was 20.3% for the first quarter of 2018.

Second Quarter & Full Year 2018 Outlook

The Company is providing the following guidance:

• Second quarter 2018 revenue expected to be in the range of $4.00 billion to $4.04 billion.
• Second quarter 2018 non-GAAP diluted EPS3 expected to be at least $1.09.
• Full year 2018 revenue expected to be in the range of $16.05 billion to $16.30 billion.
• Full year 2018 non-GAAP diluted EPS expected to be at least $4.47.

GUIDANCE:

Cognizant sees FY2018 EPS of $4.47, versus the consensus of $4.55. Cognizant sees FY2018 revenue of $16.05-16.3 billion, versus the consensus of $16.23 billion.

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