Cognizant (CTSH) Tops Q4 EPS by 3c

Cognizant (NASDAQ: CTSH) reported Q4 EPS of $1.07, $0.03 better than the analyst estimate of $1.04. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.23 billion.

GUIDANCE:

• Cognizant sees FY2020 EPS of $3.97-$4.13, versus the consensus of $4.13.
• First quarter 2020 year-over-year revenue growth in the range of 2.8-3.8% in constant currency,2 which includes our estimate of a negative 60 basis points impact from the exit of certain content services business.
• Full year 2020 year-over-year revenue growth in the range of 2.0-4.0% in constant currency,2 which includes our estimate of a negative 110 basis points impact from the exit of certain content services business.
• Full year 2020 Adjusted Operating Margin3 expected to be in the range of 16.0-17.0%.

For earnings history and earnings-related data on Cognizant (CTSH) click here.

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