Cognizant (NASDAQ: CTSH) reported Q3 EPS of $1.19, $0.06 better than the analyst estimate of $1.13. Revenue for the quarter came in at $4.08 billion versus the consensus estimate of $4.08 billion.

Quarterly revenue rose to $4.08 billion, up 8.3% from the year-ago quarter.
Quarterly GAAP diluted EPS was $0.82, compared to $0.84 in the year-ago quarter.
Quarterly non-GAAP diluted EPS2 was $1.19, compared to $0.98 in the year-ago quarter.

"Cognizant delivered strong third-quarter results in three of our four business segments," said Francisco D'Souza, Chief Executive Officer and Vice Chairman of the Board. "We made continued progress in our shift to digital by building new capabilities and helping our clients excel with digital services and solutions. We\'re speeding clients along their journey to create more engaging customer experiences, automate their processes, and modernize their technology foundations, a three-layer transformation we call digital at scale. Our performance this year demonstrates our ability to both invest for growth and achieve our financial targets."

"We delivered solid performance in the third quarter as we continued to focus on sustainable revenue growth while increasing margins," said Karen McLoughlin, Chief Financial Officer. "The strength of our balance sheet allows the company to maintain financial flexibility while driving a substantial return of capital to shareholders."

GUIDANCE:

Cognizant sees FY2018 EPS of $4.50, versus the consensus of $4.53. Cognizant sees FY2018 revenue of $16.09-16.13 billion, versus the consensus of $16.17 billion.

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