Cognizant Technology Solutions Corp. Issues FY 2012 Guidance Above Analysts' Estimates; Issues Q1 2012 Guidance In Line With Analysts' Estimates-Conference Call

Cognizant Technology Solutions Corp. announced that for fiscal 2012, it expects revenues to be at least $7.53 billion and diluted EPS to be at least $3.43 on a GAAP basis, and $3.69 on a non-GAAP basis, which excludes $0.26 of estimated stock-based compensation expense. For the first quarter of 2012, it expects revenues to be at least $1.7 billion and diluted EPS to be $0.79 on a GAAP basis and $0.85 on a non-GAAP basis, which excludes $0.06 of estimated stock-based compensation expense. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $7.48 billion and EPS of $3.41 for fiscal 2012; revenue of $1.7 billion and EPS of $0.79 for the first quarter of 2012.