Cognizant (CTSH) Q1 Earnings Beat Estimates, Revenues Down Y/Y
Cognizant(CTSH) Zacks Investment Research·2024-05-03 00:16
Cognizant Technology Solutions (CTSH) reported first-quarter 2024 non-GAAP earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 0.9% and increased 0.9% year over year.Revenues of $4.76 billion beat the consensus mark by 0.83%. The top line decreased 1.1% year over year and 1.2% at constant currency (cc). Acquisitions contributed 70 basis points (bps) to top-line growth.On a trailing twelve-month basis, bookings increased 1% year over year to $25.9 billion, which represented a book-to-bill ...