Cognizant (CTSH) Tops Q2 EPS by 5c; Guides Q3 Below Views; Adds to Buyback Plan
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Cognizant Announces Second Quarter 2016 Results and Expanded Stock Repurchase Program
August 5, 2016 6:00 AM EDTTEANECK, N.J., Aug. 5, 2016 /PRNewswire/ -- Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today announced its second quarter 2016 financial results.
HighlightsSecond Quarter 2016
Second quarter revenue of $3.37 billion was up 9.2% from the year-ago period and up 5.2% sequentially. GAAP diluted EPS was $0.41 vs. $0.68 in the year-ago period. Q2 2016 GAAP diluted EPS was negatively impacted by $0.31 per share of incremental taxes associated with a... More