TEANECK, N.J. (AP) 鈥� TEANECK, N.J. (AP) 鈥� Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported first-quarter profit of $662 million.
On a per-share basis, the Teaneck, New Jersey-based company said it had profit of $1.39. Earnings, adjusted for non-recurring costs, came to $1.40 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The information technology consulting and outsourcing firm posted revenue of $5.41 billion in the period, matching Street forecasts.
For the current quarter ending in June, Cognizant said it expects revenue in the range of $5.45 billion to $5.52 billion.
The company expects full-year earnings in the range of $5.63 to $5.77 per share, with revenue ranging from $22.11 billion to $22.64 billion.
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