Cognizant Technology Solutions Reports Q1 Net Income of $208.3 million, Issues Forecast

Cognizant Technology Solutions Corp CTSH reported its Q1 net income at $208.3 million, or $0.67 per diluted share, versus $151.5 million, or $0.49 per share, in the year-earlier period. The company's revenue surged to $1.37 billion from $959.7 million. However, analysts were expecting earnings of $0.64 per share on revenue of $1.37 billion. Cognizant projects Q1 revenue of at least $1.45 billion. The company also expects diluted EPS of $0.65 per share and adjusted earnings of $0.70 per share. CTSH shares fell 0.86% to $81.50 in pre-market trading. Read more from Benzinga's Company news.