Cognizant Technology Solutions (NASDAQ:CTSH) Third Quarter 2022 Results
Key Financial Results
Revenue: $4.86 (up 2.4% from Q3 2021).
Net income: $629 million (up 16% from the third quarter of 2021).
Margin: 13% (up from 12% in Q3 2021).
Earnings per share: $1.22 (up from $1.04 in Q3 2021).
All data shown in the table above is for the last 12 months (TTM) period
Cognizant Technology Solutions EPS beats estimates, revenue falls short
Revenue missed analysts’ expectations by 2.8%. Earnings per share (EPS) beat analysts’ expectations by 6.0%.
Looking ahead, revenue is expected to grow at an average annual rate of 5.7% over the next 3 years, compared with the US IT industry’s forecast growth rate of 11%.
Performance US IT industry.
Shares of the company are down 14% from a week ago.
Please note that Cognizant Technology Solutions is showing 1 warning sign in our investment analysis You should know…
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This article by Simply Wall St is general in nature. We provide commentary based solely on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It does not constitute advice to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analytics driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Wall Street has no positions in any of the stocks mentioned.
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