Cognizant (CTSH) Tops Q1 EPS by 1c; Updates FY16 Outlook

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Cognizant Announces First Quarter 2016 Results

May 6, 2016 6:00 AM EDT

TEANECK, N.J., May 6, 2016 /PRNewswire/ -- Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today announced its first quarter 2016 financial results.

HighlightsFirst Quarter 2016

First quarter revenue of $3.20 billion was up 10.0% from the year-ago period and down 0.9% sequentially. GAAP diluted EPS was $0.72, up from $0.62 in the year-ago period. Non-GAAP diluted EPS was $0.80, up from $0.71 in the year-ago period. Net headcount addition for the quarter... More