Revenue of $3.66 billion in 2Q17
On August 3, 2017, Cognizant Technology Solutions (CTSH), a US-based (SPY) technology (QQQ) company, will announce its 2Q17 results for the quarter ended June 30, 2017. Analysts expect Cognizant to post revenue of $3.66 billion, which would be a rise of 8.6% YoY (year-over-year) from $3.37 billion in 2Q16. Analysts have a high revenue estimate of $3.71 billion and a low estimate of $3.62 billion for Cognizant in 2Q17.
Analysts expect Cognizant to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.91 in 2Q17, with a high EPS estimate of $0.92 and a low estimate of $0.89. That would be 4.6% above its EPS of $0.87 in 2Q16.
Cognizant beat analysts’ EPS estimates in the last four quarters. In 1Q17, it beat the estimate by 1.2% with EPS of $0.84. It also beat the estimate in 4Q16 by 1.2% with EPS of $0.87. In 3Q16, it posted EPS of $0.86, which was 2.4% above analysts’ estimate. In 2Q16, it posted EPS of $0.87, which was 6.1% above the analyst estimate of $0.82.
Cognizant’s revenue expected to rise in fiscal 2017
Analysts expect Cognizant’s revenue to rise 8.8% YoY in 3Q17 to $3.8 billion, from $3.5 billion in 3Q16. Its revenue is expected to rise 9.4% YoY to $14.8 billion in fiscal 2017, from $13.5 billion in fiscal 2016.