Persbericht: Cognizant Reports First Quarter 2018 Results
TEANECK, N.J., May7, 2018 – Cognizant Technology Solutions Corporation (Nasdaq: CTSH), one of the world’s leading professional services companies, today announced its first quarter 2018 financial results.
Highlights – First Quarter 2018*
- Quarterly revenue rose to $3.91 billion, up 10.3% from the year-ago quarter.
- Quarterly GAAP diluted EPS was $0.88, compared to $0.92 in the year-ago quarter.
- Quarterly non-GAAP diluted EPS2 was $1.06, compared to $0.84 in the year-ago quarter.
Revenue for the first quarter of 2018 rose to $3.91 billion, up 10.3% from $3.55 billion in the first quarter of 2017. GAAP net income was $520 million, or $0.88 per diluted share, compared to $557 million, or $0.92 per diluted share, in the first quarter of 2017. Non-GAAP diluted EPS was $1.06, compared to $0.84 in the first quarter of 2017. GAAP operating margin was 17.7% and non-GAAP operating margin** was 20.3% for the first quarter of 2018.
“We achieved solid financial results in the first quarter and progressed our shift to digital services and solutions,” said Francisco D’Souza, Chief Executive Officer. “Cognizant has built the capabilities and scale to help clients digitize their offerings, create personalized customer experiences, instrument their operations, and modernize their IT infrastructure. This digital-at-scale value proposition is winning with clients and positioning us well to deliver a strong 2018.”
* On January 1, 2018, we adopted ASC Topic 606, “Revenue from Contracts with Customers,” or the New Revenue Standard, using the modified retrospective method. Results for reporting periods beginning after January 1, 2018 are presented under the New Revenue Standard, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting. For the three months ended March 31, 2018, ad>