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Recap: Cognizant Tech Solns Q2 Earnings

Cognizant Tech Solns (NASDAQ:CTSH) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:01 PM. Here's what investors need to know about the announcement.

Benzinga · 07/27/2022 17:55

Cognizant Tech Solns (NASDAQ:CTSH) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:01 PM.

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

Earnings

Cognizant Tech Solns beat estimated earnings by 5.56%, reporting an EPS of $1.14 versus an estimate of $1.08.

Revenue was up $321.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 12.75% drop in the share price the next day.

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

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 1.04 1.04 1.04 0.96
EPS Actual 1.08 1.10 1.06 0.99
Revenue Estimate 4.83B 4.78B 4.71B 4.44B
Revenue Actual 4.83B 4.78B 4.74B 4.58B

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).

Guidance

Cognizant Tech Solns management provided guidance for FY 2022, expecting earnings between $4.51 and $4.57 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.