Cognizant (CTSH) Tops Q4 EPS by 7c

Cognizant (NASDAQ: CTSH) reported Q4 EPS of $1.13, $0.07 better than the analyst estimate of $1.06. Revenue for the quarter came in at $4.13 billion versus the consensus estimate of $4.12 billion.

"Cognizant executed well in 2018, diversifying our revenue base and client roster, and investing to build distinctive leadership in six advanced digital capabilities," said Francisco D'Souza, Vice Chairman and Chief Executive Officer. "Forming the core of our digital strategy, these capabilities are instrumental in helping clients digitize and transform their entire enterprises, which we call being digital at scale. Digital continues to permeate and power every industry, creating a substantial market opportunity for us across the industries, geographies, and buyer groups we serve. With a disciplined plan for executing our digital strategy, we've set Cognizant up for the next stage of sustainable strong growth and value creation."

GUIDANCE:

• First quarter 2019 year-over-year revenue growth of 7.5-8.5% in constant currency.4
• Full year 2019 year-over-year revenue growth of 7.0-9.0% in constant currency.4
• Full year 2019 Adjusted Diluted EPS expected to be at least $4.40 (*** consensus is $4.45)

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Stitch Fix (SFIX) Tops Q3 EPS by 4c, Offers Guidance
• Limoneira (LMNR) Misses Q2 EPS by 8c, Beats on Revenue