CTSH Cognizant Technology Solutions Corporation featured news, full reports, and detailed charts
Cognizant Technology Solutions Corporation (CTSH) Wrap Up:
We are a leading provider of custom Information Technology (IT) consulting and technology services as well as outsourcing services for Global 2000 companies located in North America, Europe and Asia. Our core competencies include Technology Strategy Consulting, Complex Systems Development, Enterprise Software Package Implementation and Maintenance, Data Warehousing and Business Intelligence, Application Testing, Application Maintenance, Infrastructure Management, and Vertically-Oriented Business Process Outsourcing (V-BPO). We tailor our services to specific industries, and utilize an integrated on-site/offshore business model. This seamless on-site/offshore business model combines technical and account management teams located on-site at the customer location and offshore at dedicated development centers located primarily in India. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f28%2f0001193125-08-042031.html#FIS_BUSINESS"Cognizant Technology Solutions Corp. (CTSH:NASDAQ)
Snapshot of Cognizant Technology Solutions Corp. (CTSH)
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OPEN
$43.83
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PREVIOUS CLOSE
$44.17
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DAY HIGH
$44.13
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DAY LOW
$43.38
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52 WEEK HIGH
11/17/09 - $45.75
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52 WEEK LOW
11/21/08 - $14.38
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MARKET CAP
12.9B
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AVERAGE VOLUME 3 mo
2.8M
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DILUTED EPS TTM
$1.68
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SHARES OUTSTANDING
294.7M
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CTSH Does Not Pay Dividends
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P/E TTM
26.0x
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| K = Thousands M = Millions B = Billions | ||
related news
CTSH Top Compensated Officers
Executives, Board Directors
Key developments for Cognizant Technology Solutions Corp. (CTSH)
Cognizant Technology Solutions Corp. - Conference Presentation Calls
Cognizant Technology Solutions Corp. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
Cognizant Technology Solutions Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 2009. For the quarter, the company reported revenue rose to $853.5 million, up 16% from $734.7 million in the third quarter of 2008. GAAP net income was $136.6 million or $0.45 per diluted share compared to $112.8 million, or $0.38 per diluted share, in the third quarter of 2008. Diluted earnings per share on a non-GAAP basis was $0.48 compared to $0.40 for the same period last year. GAAP operating margin for the quarter was 19%. Earnings for the quarter included $2.9 million of net pre-tax non-operating foreign exchange losses. Reconciliations of non-GAAP financial measures to GAAP operating results and diluted EPS are included at the end of this release. The company reported income from operations of $161.8 million and income before provision for income taxes of $163.7 million compared to income from operations of $142.6 million and income before provision for income taxes of $133.2 million for the same period last year. The company reported adjusted income from operations of $172.4 million compared to $152.8 million for the same period last year. For the nine months, the company reported net income of $390.96 million or $1.30 diluted earnings per share on the revenue of $2,375.9 million compared to net income of $379.1 million or $1.06 diluted earnings per share on the revenue of $2,063.3 million for the same period last year. The company reported income from operations of $451.6 million and income before provision for income taxes of $468.3 million compared to income from operations of $374 million and income before provision for income taxes of $379.1 million for the same period last year. The company reported adjusted income from operations of $484.5 million and adjusted diluted per share of $1.39 compared to adjusted income from operations of $414.4 million and adjusted diluted per share of $1.18 for the same period last year. For the fourth quarter 2009, the company announced revenue anticipated to be at least $880 million. Diluted earnings per share expected to be $0.45 on a GAAP basis and $0.49 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense. For the full year 2009, the company expected revenue to be at least $3.255 billion, up at least 15.5% compared to 2008. Diluted EPS expected to be $1.75 on a GAAP basis, and $1.88 on a non-GAAP basis, which excludes $0.13 of estimated stock-based compensation and stock-based Indian fringe benefit tax expense.
CTSH Competitors
| Company | Last | Change |
| Amdocs Ltd | $26.43 USD | -0.04 |
| Convergys Corp | $11.45 USD | +0.01 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CTSH | Industry Range |
| Price/Earnings | 26.3x |
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| Price/Sales | 4.1x |
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| Price/Book | 5.3x |
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| Price/Cash Flow | 22.1x |
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| TEV/Sales | 3.8x |
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CTSH |
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CTSH transactions
| Type Date |
Target |
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Merger/Acquisition
October 15, 2009 |
UBS Service Centre (India) Private Limited |
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Merger/Acquisition
September 8, 2009 |
Pepperweed Advisors, LLC |
More Recent News About Cognizant Technology Solutions Corporation
More news for CTSH
The H-1B Visa Lull Is Only Temporary
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
COGNIZANT TECHNOLOGY SOLUTIONS CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Executive Summary During the three and nine months ended September 30, 2009, our revenue increased to $853.5 million and $2,375.9 million compared to $734.7 million and $2,063.3 million during the three months and nine months ended September 30, 2008. Net income increased to $136.6 million and $391.0 million, respectively, or $0.45 and $1.30 per diluted share, including stock-based compensation expense and stock-based Indian fringe benefit tax (income)/expense, net of tax, equal to $0.03 and $0.09 per diluted share, during the three and nine months ended September 30, 2009. This is compared to net income of $112.8 million and $318.6 million, respectively, or $0.38 and $1.06 per diluted share, including stock-based compensation expense and stock-based Indian fringe benefit tax expense, net of tax, of $0.02 and $0.12 per diluted share, during the three months and nine months ended September 30, 2008. The key drivers of our revenue growth during the three months ended September 30, 2009 were as follows: • strong performance within our Healthcare and Manufacturing/Retail/Logistics business segments, each of which had revenue growth equal to or greater than 27.1% for the quarter as compared to the quarter ended September 30, 2008; • strong performance in North America where we experienced revenue growth of 15.7% for the quarter as compared to the quarter ended September 30, 2008; • expansion of our service offerings, which enabled us to cross-sell new services to our customers and meet the rapidly growing demand for complex large-scale outsourcing solutions; • increased penetration at existing customers, including strategic customers; and • continued expansion of the market for global delivery of IT services and business process outsourcing. We saw a continued increase in demand from our customers for a broad range of IT solutio...Click here to read the whole Article (external link)
Cognizant to Present at Janney Montgomery Scott 2009 Software & Services Conference
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Kellogg, Altria Lead High-Flying Stocks
Stock quotes in this article: CTSH , K , MO , ...Click here to read the whole Article (external link)
COGNIZANT TECHNOLOGY SOLUTIONS CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue853,488 776,592 745,862 753,045 Cost of Revenue475,599 433,340 419,708 419,748 Gross Profit377,889 343,252 326,154 333,297 Operating ExpensesResearch Development - - - - Selling General and Administrative193,806 170,003 166,872 169,378 Non Recurring - - - - Others22,301 21,579 21,152 21,253 Total Operating Expenses - - - - Operating Income or Loss161,782 151,670 138,130 142,666 Income from Continuing OperationsTotal Other Income/Expenses Net1,917 17,496 (2,641)(6,580)Earnings Before Interest And Taxes163,699 169,166 135,489 136,086 Interest Expense - - - - Income Before Tax163,699 169,166 135,489 136,086 Income Tax Expense27,127 27,911 22,357 23,798 Minority Interest - - - - Net Income From Continuing Ops136,572 141,255 113,132 112,288 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - ...Click here to read the whole Article (external link)