Cognizant Technology Solutions Corp reports results for the quarter ended June 30 - Earnings Summary
Cognizant Technology Solutions Corp reports results for the quarter ended June 30 - Earnings Summary
Cognizant Technology Solutions Corp CTSH.OQ reported quarterly adjusted earnings of $1.37 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.31. The mean expectation of twenty two analysts for the quarter was for earnings of $1.38 per share. Wall Street expected results to range from $1.36 to $1.43 per share.
Revenue rose 4.5% to $5.48 billion from a year ago; analysts expected $5.48 billion.
Cognizant Technology Solutions Corp's reported EPS for the quarter was $1.36.
The company reported quarterly net income of $636 million.
Cognizant Technology Solutions Corp shares had risen by 29.9% this quarter and lost 39.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.
In the last 30 days, six analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 17 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for Cognizant Technology Solutions Corp is $63.00, about 20.1% above its last closing price of $50.31
This summary was machine generated from LSEG data July 29 at 02:47 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.38 | 1.37 | Missed |
Mar. 31 2026 | 1.33 | 1.40 | Beat |
Dec. 31 2025 | 1.32 | 1.35 | Beat |
Sep. 30 2025 | 1.30 | 1.39 | Beat |
Recent news on Cognizant Technology Solutions
See all newsBrief: Cognizant - Launches Cognizant Ai Nexus Modular Operating Layer For Enterprise Ai
Brief: Cognizant Says To Acquire DyFlex Solutions
Brief: Cognizant And Google Cloud Expand Alliance To Accelerate Agentic Enterprise Transformation
US green card suspension poses little risk to Indian IT, analysts say (updated)
Explainer: The tech green-card program under attack from Trump