- The stock price of Cognizant Technology Solutions Corp (NASDAQ: CTSH) fell by 3.45% in the most recent trading session. This is why.
The stock price of Cognizant Technology Solutions Corp (NASDAQ: CTSH) fell by 3.45% in the most recent trading session.
Why: Q4 results
Results: Cognizant (NASDAQ: CTSH) reported a Q4 EPS of $1.01, which was $0.02 lower than a consensus of $1.03. And the revenue for the quarter was $4.8 billion compared to a consensus of $4.77 billion.
KEY QUOTE:
“The trust and longevity that define Cognizant’s strategic partnerships with global clients provide exciting opportunities to further strengthen and grow these relationships as we expand our portfolio of digital services. As I continue to listen and learn, I have been deeply impressed with the knowledge, skills, and motivation of our associates. They are dedicated to helping our clients succeed and determined to compete and win to expand our global leadership in technology services. My immediate focus is on creating the conditions for our associates to excel and ensuring that all 355,000 of us operate with a growth mindset.”
— Ravi Kumar S, Chief Executive Officer
