Cognizant (NASDAQ:CTSH) A reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cognizant A announced earnings per share of $1.07 on revenue of $4.28B. Analysts polled by anticipated EPS of $1.04 on revenue of $4.23B. That with comparison to EPS of $1.13 on revenue of $4.13B in the same period a year before. Cognizant A had reported EPS of $1.08 on revenue of $4.25B in the previous quarter. Analysts are expecting EPS of $0.96 and revenue of $4.21B in the upcoming quarter.
Cognizant A shares are up 4.82% from the beginning of the year , still down 13.13% from its 52 week high of $74.84 set on April 3, 2019. They are broadly in line with the Nasdaq which is up 5.19% year to date.
Cognizant A follows other major Technology sector earnings this month
Cognizant A's report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on January 29 with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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