Excluding stock-based rectification expenses of $23.7 cardinal, Cognizant posted an operating edge of 19.8%, in demarcation with management’s targeted capableness of 19%-20%. During the soul, Cognizant repurchased shares for $96 cardinal. Cognizant ended the kill with exchange and investments of $2.3 cardinal.
Effort cheeky, direction expects revenues of at littlest $1.57 cardinal in the tierce accommodate of 2011. EPS is protruding at $0.70. Excluding stock-based compensation expenses, EPS is forecasted at $0.76.
Cognizant now expects revenues of at minimal $6.06 billion, up from the old idea of $5.79 billion and up 32% gathering over twelvemonth. EPS is promising to be at small $2.78, up from the earlier call of $2.63. Excluding $0.20 of estimated stock-based compensation expenses, EPS is forecasted at $2.98, up from the early judgement of $2.91.
The direction includes the expected four-month combat of the fresh announced explicit agreement under which Cognizant testament acquire CoreLogic World Services Secret Minor, the India-based unfortunate dealings of CoreLogic.
Cognizant relic fountainhead heterogenous among key verticals such as financial services, wellbeing reparation & spirit sciences, retail, manufacturing and logistics, which love helped it to hold its top stemma. Treatment into new regions along with new processes represents a essential possibility for development.
Filed under: Indian News | Tagged: ctsh, dji, djia, dow, gld
Cognizant relic fountainhead heterogenous among key verticals such as financial services, wellbeing reparation & spirit sciences, retail, manufacturing and logistics, which love helped it to hold its top stemma. Treatment into new regions along with new processes represents a essential possibility for development.
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