« Morningstar quarterly net jumps 53%
S&P may downgrade Marathon Oil on planned split »

Cognizant second-quarter net income rises

SAN FRANCISCO (MarketWatch) — Cognizant Technology Solutions Corp. late Thursday reported its second-quarter net income rose to $103.9 million, or 35 cents a share, from $82.3 million, or 27 cents a share, in the same quarter a year earlier. On an adjusted basis, earnings were 39 cents a share. Revenue increased to $685.4 million from $516.5 million in the year-ago period, said the Teaneck, N.J.-based company. Analysts had forecast earnings of 35 cents on revenue of $684.8 million. The company expects third-quarter earnings of 37 cents a share on revenue of $723 million. In fiscal 2008, Cognizant forecasted earnings of $1.44 a share and revenue $2.81 billion. Wall Street is expecting the company to report earnings of 39 cents a share on revenue of $752.3 million in the third quarter and $1.49 a share earnings and revenue of $2.89 billion in 2008.
Market Pulse Stories are Rapid-fire, short news […]

Original post by Forextvblog

This entry was posted on Thursday, July 31st, 2008 at 2:40 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply