Recap: Cognizant Tech Solns Q1 Earnings

Cognizant Tech Solns CTSH reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Cognizant Tech Solns beat estimated earnings by 3.85%, reporting an EPS of $1.08 versus an estimate of $1.04.

Revenue was up $425.00 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 2.47% drop in the share price the next day.

Here's a look at Cognizant Tech Solns's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.04	1.04	0.96	0.94
EPS Actual	1.10	1.06	0.99	0.97
Revenue Estimate	4.78B	4.71B	4.44B	4.37B
Revenue Actual	4.78B	4.74B	4.58B	4.40B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Cognizant Tech Solns management provided guidance for FY 2022, expecting earnings between $4.45 and $4.55 per share.

To track all earnings releases for Cognizant Tech Solns visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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