Cognizant Technology Solutions Corp. Q2 Profit Increases, beats estimates

(RTTNews) - Cognizant Technology Solutions Corp. (CTSH) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $577 million, or $1.11 per share. This compares with $512 million, or $0.97 per share, in last year's second quarter.

Excluding items, Cognizant Technology Solutions Corp. reported adjusted earnings of $1.14 per share for the period.

Analysts on average had expected the company to earn $1.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.0% to $4.91 billion from $4.59 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $577 Mln. vs. $512 Mln. last year. -EPS (Q2): $1.11 vs. $0.97 last year. -Analyst Estimate: $1.08 -Revenue (Q2): $4.91 Bln vs. $4.59 Bln last year.