Cognizant Technology Solutions Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Cognizant Technology Solutions Corp. (CTSH) reported earnings for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $645 million, or $1.31 per share. This compares with $566 million, or $1.14 per share, last year.

Excluding items, Cognizant Technology Solutions Corp. reported adjusted earnings of $1.31 per share for the period.

Analysts on average had expected the company to earn $1.26 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 8.1% to $5.245 billion from $4.850 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance (GAAP) :

-Earnings: $645 Mln. vs. $566 Mln. last year. -EPS: $1.31 vs. $1.14 last year. -Revenue: $5.245 Bln vs. $4.850 Bln last year.

-Guidance: Next quarter revenue guidance: $5.27 - $5.35 Bln Full year EPS guidance: $5.08 - $5.22 Full year revenue guidance: $20.7 - $21.1 Bln