Cognizant Q1 revenue set to top expectations, COVID-19 to reduce client demand further in Q2 [MarketWatch]
Cognizant Technology Solutions Corporation - Class A (CTSH)
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm
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Source: MarketWatch
Cognizant Technology Solutions Corp. said Thursday it expects to report first-quarter revenue of $4.22 billion to $4.23 billion, which is up 2.7% to 2.9% from a year ago above the FactSet consensus of $4.18 billion. The business consultant after a strong first two months of the quarter, the COVID-19 pandemic increasingly affected results in March, as project fulfillment was delayed, particularly in India and the Philippines and client demand was reduced. The company expects its client demand to be further reduced in the second quarter. Cognizant said it has drawn $1.74 billion on its revolving credit facility, providing it with net cash of $2.2 billion with no significant debt maturities until 2023. The company said it was providing employees in India and the Philippines at the associate level and below with an additional payment of 25% of their base salaries for April. The stock, which was indicated down nearly 1% in premarket trading, has lost 15.9% over the past three months while
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CTSH
Earnings
- 10/29/25 - Beat
CTSH
Sec Filings
- 12/4/25 - Form 144
- 12/4/25 - Form 144
- 12/3/25 - Form 4
- CTSH's page on the SEC website