Cognizant Meets Q2 Expectations With Revenue Up Across Segments
Cognizant’s adjusted diluted earnings per share came to 99 cents on revenue of $4.6 billion, up 14.6% year-over-year. Analysts were expecting earnings of 96 cents per share on revenue of $4.44 billion. “We delivered a strong second quarter,” CEO Brian Humphries said in a statement. “Through targeted investments, we’ve been shifting our portfolio to faster-growing market segments while extending our capabilities and partnerships to help clients build modern businesses. I see a stronger, more competitive Cognizant emerging, with growing commercial momentum....