Cognizant Announces Third Quarter 2015 Results

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Cognizant (CTSH) Reports a 3Q Beat and Raise; Needham & Company Reiterates Buy

November 5, 2015 7:18 AM EST

Needham & Company reiterated a Buy rating and $78.00 price target on Cognizant Technology Solutions (NASDAQ: CTSH) following the company's 3Q earnings report. Cognizant reported solid 3Q results, with revenue increasing 3.3% Q/Q and 23.5% Y/Y to $3.187 billion, above consensus of $3.167 billion. Management raised the FY15 outlook for the third time this... More