Cognizant Q4 Profit Climbs, Revenue Tops View - Quick Facts

(RTTNews) - Cognizant Technology Solutions Corp. (CTSH), a provider of information technology, consulting, and business process outsourcing services, Wednesday said fourth-quarter net income improved to $362.9 million from $324.3 million in the previous year. Earnings per share grew to $0.59 from $0.53.

Adjusted earnings per share were $0.67, while it totaled $0.59 last year. On average, 24 analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue climbed 16.4 percent to $2.74 billion from $2.36 billion last year. Analysts expected revenues of $2.66 billion.

Excluding the contribution from the acquisition of TriZetto, revenue jumped 13 percent from the year-ago quarter.

Looking ahead, the firm expects first-quarter revenue of at least $2.88 billion, and adjusted earnings per share of at least $0.69. Analysts look for earnings of $0.70 per share on revenues of $2.88 billion.

For fiscal 2015, adjusted earnings are estimated to be at least $2.91 per share on revenues of at least $12.21 billion. Wall Street expects earnings of $2.99 per share with revenues of $12.31 billion.