Cognizant Tech Solns (NASDAQ: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.
