Cognizant Tech Solns: Q1 Earnings Insights

Cognizant Tech Solns CTSH reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:01 PM.

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

Earnings

Cognizant Tech Solns beat estimated earnings by 6.73%, reporting an EPS of $1.11 versus an estimate of $1.04.

Revenue was down $14.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 3.45% drop in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.02 1.16 1.08 1.04
EPS Actual 1.01 1.17 1.14 1.08
Revenue Estimate 4.78B 5.01B 4.92B 4.83B
Revenue Actual 4.84B 4.86B 4.91B 4.83B

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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