Cognizant Technology Solutions Corporation (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its third quarter 2019 financial results.
Highlights - Third Quarter 2019
- Quarterly revenue rose to $4.25 billion, up 4.2% (5.1% in constant currency1) from the year-ago quarter.
- GAAP operating margin was 15.7% compared to 18.3% in the year-ago quarter.
- Adjusted Operating Margin1was 17.3% compared to 18.5% in the year-ago quarter.
- Net income was $497 million compared to $477 million in the year-ago quarter.
- Quarterly GAAP diluted EPS was $0.90, compared to $0.82 in the year-ago quarter.
- Quarterly Adjusted Diluted EPS1was $1.08, compared to $1.05 in the year-ago quarter.
"Over the past few months, we've sharpened Cognizant's strategic posture and begun executing plans aimed at improving our competitive positioning," said Brian Humphries, Chief Executive Officer. "Today we are announcing a simplification of our operating model and a cost reduction program, which will allow us to fund investments in growth. Looking ahead, we see a clear path to unlock the organization's full growth potential, win in our key digital battlegrounds, and return Cognizant to its historical position of being the bellwether of the IT services industry."
You can read the full release here:
https://news.cognizant.com/2019-10-30-Cognizant-Reports-Third-Quarter-2019-Results
1 Constant currency revenue growth, Adjusted Operating Margin and Adjusted Diluted Earnings Per Share ("Adjusted Diluted EPS") are not measurements of financial performance prepared in accordance with GAAP. See "About Non-GAAP Financial Measures" for more information and reconciliations to the most directly comparable GAAP financial measures at the end of this release.
Over Cognizant
Cognizant (Nasdaq-100: CTSH) is een van 's werelds grootsteprofessioneledienstverleners. De organisatie helpt klanten hun business-, operationele en technologiemodellen te transformeren voor het digitale tijdperk. De unieke marktgerichte en adviserende benadering van Cognizant ondersteunt klanten bij het creëren en implementeren van een innovatievere en efficiëntere bedrijfsvoering. Cognizant heeft zijn hoofdkantoor in de VS, staat in de Fortune 500-lijst op nummer 193 en wordt gezien als een van de meest bewonderde bedrijven ter wereld. Lees meer over hoe Cognizant organisaties begeleidt bij het bereiken van digitaal leiderschap op
www.cognizant.com of volg ons via
@Cognizant.
Voor meer persinformatie kunt u contact opnemen met Ingrid van den Nieuwenhof, Judith Quint of Iskander de Lange van LEWIS:
Tel:+31 40 235 46 00
E-mail:
cognizantNL@teamlewis.com