Cognizant Technology Solutions Corp Issues Q1 2013 Guidance; EPS Guidance Above Analysts' Estimates; Issues FY 2013 Guidance Above Analysts' Estimates


Thursday, 7 Feb 2013 06:00am EST 

Cognizant Technology Solutions Corp announced that for first quarter of 2013, it expects revenue to be at least $2.0 billion. Diluted earnings per share (EPS) is expected to be $0.92 on a GAAP basis and $1.01 on a non-GAAP basis. For fiscal 2013, it expects revenue expected to be at least $8.60 billion. Diluted EPS is expected to be at least $3.95 on a GAAP basis and $4.31 on a non-GAAP basis. According to I/B/E/S Estimates, analysts' on an average were expecting the Company to report revenue of $2.0 billion and EPS of $0.93 for first quarter of 2013; revenue of $8.57 billion and EPS of $4.0 for fiscal 2013.