Cognizant Technology Solutions (NASDAQ:CTSH) Third Quarter 2022 Results
Key Financial Results
Revenue: US$4.86b (up 2.4% from 3Q 2021).
Net income: US$629.0m (up 16% from 3Q 2021).
Profit margin: 13% (up from 12% in 3Q 2021).
EPS: US$1.22 (up from US$1.04 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cognizant Technology Solutions EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 6.0%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in the US.
The company's shares are down 14% from a week ago.
Be aware that Cognizant Technology Solutions is showing 1 warning sign in our investment analysis that you should know about...
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