ET 07:01

Headline: Cognizant Reports Q4 Earnings Beat, Revenue Surpasses Expectations - CTSH

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Earnings

[Para 1: The Lead] Cognizant Technology Solutions Corp. (CTSH) exceeded Wall Street earnings expectations in its Q4 report, posting a net income of $648 million. The company's earnings per share were $1.34, surpassing the $1.32 forecast by analysts. Revenue of $5.33 billion also topped the $5.31 billion estimate. [Para 2-3: Supporting details & Context] Cognizant's full-year profit was $2.23 billion, or $4.56 per share, and revenue stood at $21.11 billion. For the current quarter, the company anticipates revenue between $5.36 billion and $5.44 billion, and full-year earnings in the range of $5.56 to $5.70 per share, with revenue forecasted at $22.14 billion to $22.66 billion. This financial performance underscores Cognizant's robust growth and market leadership in IT consulting and outsourcing services.

EditorTan Wei Jie