Cognizant announces third quarter 2016 results

TEANECK, N.J., November 7, 2016 - Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today announced its third quarter 2016 financial results.

Highlights - Third Quarter 2016

• Third quarter revenue of $3.45 billion was up 8.4% from the year-ago period and up 2.5% sequentially.
• GAAP diluted EPS was $0.73 vs. $0.65 in the year-ago period.
• Non-GAAP diluted EPS¹ was $0.86 vs. $0.76 in the year-ago period.
• Net headcount addition for the quarter was approximately 11,500.

Revenue for the third quarter of 2016 was $3.45 billion, up 8.4% from $3.19 billion in the third quarter of 2015. GAAP net income was $444.4 million, or $0.73 per diluted share, compared to $397.2 million, or $0.65 per diluted share, in the third quarter of 2015. Non-GAAP diluted EPS¹ was $0.86 compared to $0.76 in the third quarter of 2015. GAAP operating margin for the quarter was 16.9%. Non-GAAP operating margin¹ for the quarter was 19.3%, within the Company’s target range of 19-20%.

“We see ongoing client demand for our services across industries and geographies,” said Francisco D’Souza, Chief Executive Officer.  “As the physical and digital worlds converge, we have made it easier for clients to work with us by aligning our organizational structure and capabilities around the broader focus of assisting clients drive digital transformations. Our new President, Raj Mehta, who has been a key member of our senior leadership team for two decades, and the broader team of executives are leading our strategic initiatives. They have a proven track record of innovation, execution and an unwavering focus on client service and satisfaction.”

2016 Outlook—Fourth Quarter and Full Year

The Company is providing the following guidance:

• Fourth quarter 2016 revenue expected to be in the range of $3.45 billion to $3.51 billion.
• Fourth quarter 2016 non-GAAP diluted EPS² expected to be in the range of $0.85 to $0.88.
• Fiscal 2016 revenue expected to be in the range of $13.47 billion to $13.53 billion.
• Fiscal 2016 non-GAAP diluted EPS² is expected to be in the range of $3.38 to $3.41.

“Third quarter revenue was within, and non-GAAP EPS was slightly above, our guided range, indicating that we continue to execute well on our stated strategy,” said Karen McLoughlin, Chief Financial Officer. “Our solid performance was also reflected in another strong quarter of cash flow generation as cash and investments, net of debt increased by $390 million.”

De volledige financiële details zijn hier te vinden.

BERICHT VOOR DE REDACTIE

Over Cognizant
Cognizant (NASDAQ: CTSH) is een vooraanstaande dienstverlener in informatietechnologie, consultancy en business process outsourcing-services. Cognizant werkt in nauw partnerschap met ’s werelds grootste organisaties om hun concurrentiepositie te versterken. Het hoofdkantoor is gevestigd in Teaneck, New Jersey (Verenigde Staten). Cognizant combineert een passie voor klanttevredenheid, technologische innovatie en diepgaande industrie- en bedrijfsproceskennis met een wereldwijd samenwerkend personeelsbestand. Cognizant heeft wereldwijd meer dan 100 ontwikkel- en delivery-centers en ongeveer 255,800 werknemers (per 30 september, 2016). Cognizant heeft een NASDAQ-100 en S&P 500-notering en is verder genoteerd in de Forbes Global 2000 en Fortune 500. De organisatie behoort hiermee tot de best presterende en snelstgroeiende bedrijven in de wereld. Bezoek onze website www.cognizant.com of volg ons via Twitter.

Conference Call
Cognizant will host a conference call on November 7, 2016 at 8:00 a.m. (Eastern) to discuss the Company’s third quarter 2016 results. To listen to the conference call, please dial (877) 810-9510 (domestic) and (201) 493-6778 (international) and provide conference passcode: Cognizant Call.

The conference call will also be webcast via the Cognizant website at http://investors.cognizant.com/. Please access the website at least 15 minutes prior to the call to register and download/install any necessary audio software.

A replay of the conference call will be available by dialing (877) 660-6853 (domestic) or (201) 612-7415 (international) and entering 13648517 from two hours after the end of the call until 11:59 p.m. (Eastern) on Monday, November 21, 2016. The replay will also be available at Cognizant’s website http://investors.cognizant.com/ for 60 days following the call.

Voor meer persinformatie kunt u contact opnemen met:
OCTANE PR
Tel: +31 (0)40 266 1130
E-mail: cognizantnl@octanepr.com