Cognizant (CTSH) Reports In-Line Q3 EPS
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Cognizant (CTSH) Reports a 3Q Beat and Raise; Needham & Company Reiterates Buy
November 5, 2015 7:18 AM ESTNeedham & 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
Cognizant raises revenue forecast for third time this year
November 4, 2015 6:08 AM EST(Reuters) - IT services provider Cognizant Technology Solutions Corp (NASDAQ: CTSH) raised its full-year revenue forecast for the third time this year after posting its biggest jump in quarterly revenue in three years.
The company's 23.5 percent rise in third-quarter revenue was driven by increased spending by clients in the healthcare and financial sectors in North America.
The healthcare unit has led Cognizant's growth in... More
