Cognizant Revenue Rises

03-Aug-2011 | News-Press Release

Q2, 2011 Highlights

§  Quarterly revenue rose to $1.485 billion, up 34.4% from the year-ago quarter and 8.3% sequentially.

§  GAAP net profit was $208 million, up 21% from the year-ago quarter.

§  Non-GAAP operating margin was 19.8%, within the Company’s targeted 19-20% range.

§  Net headcount addition for the quarter exceeded 7,100.

§  Quarterly diluted earnings per share (EPS) on a GAAP basis was $0.67, compared to $0.56 in the year-ago quarter.


Q3, 2011 and Full Year Outlook

The Company provides the following guidance:


§  Third quarter 2011 revenue anticipated to be at least $1.57 billion, indicating a 5.7% sequential growth.

§  Fiscal 2011 revenue expected to be at least $6.06 billion, up at least 32% compared to 2010.

§  Third quarter 2011 diluted EPS expected to be $0.70 on a GAAP basis

§  Fiscal 2011 diluted EPS expected to be at least $2.78 on a GAAP basis, and $2.98 on a non-GAAP basis, which excludes $0.20 of estimated stock-based compensation expense.

§  Revenue and EPS guidance includes the anticipated four-month impact of the recently announced definitive agreement under which Cognizant will acquire CoreLogic Global Services Private Limited, the India-based captive operations of CoreLogic.

§  Due to continued volatility in the currency markets, EPS guidance excludes any future non-operating foreign currency exchange gain or loss. 


Warm regards



Corporate Marketing and Communications


H1, Plot # 26, Rajiv Gandhi Infotech Park,

MIDC, Hinjawadi, PUNE - 411 057

Tel: 91-20-40216000 / 39196000 Extn: 202145#

Cell: +91-98232 73191

Show HTML Embed Snippet

This release was submitted by a Newsbox user.
Any communication related to the content of this release should be sent to the release submitter.

Contact Info

From Name
From Email
From Company
Login to Submit Email

Author Info

Tag Cloud


More Releases


Add a Comment