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Cognizant Technology Solutions Corporation (CTSH)

Q4 2009 Earnings Call Transcript

February 9, 2009 8:00 am ET

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Cognizant Technology Solutions (NASDAQ: CTSH) has soared 5.2% by early afternoon trading on Tuesday after the company earnings released earlier Tuesday suggested that Cognizant Technology Solutions (CTSH) improved its Q4 earnings by 28%.

Question-and-Answer SessionOperator Operator Instructions Your first question comes from Tien-Tsin Huang with J.P. Morgan. Tien-Tsin Huang – J.P. Morgan Great. Thanks so much. Congrats on the strong results. Want to ask about the guidance. Does the 2010 guidance assume the same level of conservatism as last year when you...

Analysts Joseph D. Foresi and Jeffrey Rossetti at Janney Capital Markets have released a report reviewing the fourth-quarter results at Cognizant Technology Solutions Corporation (NASDAQ: CTSH). The company has reported strong results for the fourth-quarter.

The company reported revenue of $902.7 million for the fourth-quarter, a 5.8% increase over the previous quarter, and $20.5 million ahead of analysts’ estimate. The EPS of $0.47, beat analysts estimate by $0.02 and consensus by $0.01. The EPS was $0.49, excluding a $4.5 million currency loss. Gross margin improved by 197 basis points over the previous quarter.

The company also issued guidance for the first-quarter. The company expects revenue of $935 million and EPS of $0.48 in the first-quarter. The management expects revenue of $3.935 billion in 2010, a 20% increase over 2009 revenue. The company has given EPS guidance of $2.03 for 2010, which is excluding any non-operating gain or loss from foreign exchange.

Analysts have a Buy rating for Cognizant Technology Solutions Corporation, with a fair value estimate of $54.

Infosys Technologies (NASDAQ: INFY) opened at $52.55. So far today, the stock has hit a low of $52.31 and a high of $52.95. INFY is now trading at $52.87, up $1.75 (3.41%). Over the last 52 w...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

New York, February 9th (TradersHuddle.com) - Stocks finished higher, staging a relief rally and sending the Dow Jones Industrial Average above the psychological 10,000 level. Prospects for a Greece bailout by the European Union eased investors’ concern that a default in Greece may derail the global economic recover. Read More --

Cognizant Technology Solutions Corporation (CTSH) reported revenues of $902.7 million in the fourth quarter, up 20% year over year and up 6% sequentially. Earnings per share (EPS) came in at 50 cents compared to 41 cents in the year-ago quarter and beat the Zacks Consensus Estimate of 46 cents. Operating margin came in at 19.9%, in ...

New York, Feb 8th (TradersHuddle.com) - Shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) are trading higher by +0.66% ahead of its quarterly earnings release. Cognizant Tech Solutions, is expected to release its quarterly results on February 9th.

Wall Street Analysts consensus calls for a p. Read More --

Cognizant Technology Solutions Corp is scheduled to report December 2009 quarter (Q4 2009) results on Tuesday, February 9, 2010. In the last four quarters ending September 2009, the company bettered the street’s expectations comfortably.[More...]

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