Cognizant (NASDAQ:CTSH) A reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.94 on revenue of $4.14B. Analysts polled by forecast EPS of $0.92 on revenue of $4.13B. That compared to EPS of $1.19 on revenue of $4.01B in the same period a year earlier. The company had reported EPS of $0.91 on revenue of $4.11B in the previous quarter.
Cognizant A shares gained 3.55% to trade at $67.45 in after-hours trade following the report.
Cognizant A follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analysts' expectations on Tuesday, with third quarter EPS of $2.18 on revenue of $53.81B. analysts expected EPS of $2.09 on revenue of $53.3B
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