TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported second-quarter net income of $645 million.
The Teaneck, New Jersey-based company said it had profit of $1.31 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The information technology consulting and outsourcing firm posted revenue of $5.25 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.19 billion.
For the current quarter ending in September, Cognizant said it expects revenue in the range of $5.27 billion to $5.35 billion.
The company expects full-year earnings in the range of $5.08 to $5.22 per share, with revenue ranging from $20.7 billion to $21.1 billion.
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