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CTSH - Cognizant Technology Solutions News Story

$80.55 0.5  0.6%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £31.18bn
Enterprise Value £29.72bn
Revenue £12.15bn
Position in Universe 298th / 6827

BUZZ-Capgemini: Rises on strong 2021 outlook, resilient FY results

Thu 18th February, 2021 8:10am
** Shares in Capgemini  CAPP.PA  rise 3% after the French IT
consultancy group said profitability would beat market
expectations in 2021 and reported full-year results in line with
consensus  urn:newsml:reuters.com:*:nL1N2KN1V0
    ** JP Morgan says FY margin is "impressive given the
COVID-19 headwind, and it speaks to the agility and resiliency
of the Capgemini model" and sees consistent revenue growth,
margin acceleration over the next few years
    ** Credit Suisse ("outperform") says results are "strong"
and adds that with similar positive outlook comments on cloud
service expansion from peers Accenture  ACN.N  and Cognizant
 CTSH.O , the stock's progressive derating remains unjustified
    ** Stifel echoes the comments, saying results and guidance
are ahead of expectations

   

 ((piotr.lipinski@tr.com))
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