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.
Performance of the American IT industry.
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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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