Categories AlphaGraphs, Earnings, Technology
Cognizant (CTSH) Earnings: Key numbers from Q2 2020 results
Expects FY20 adj. diluted EPS in the range of $3.48-3.58
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) today announced its second quarter financial results for the period ended June 30, 2020.
Net income for the second quarter was $361 million, or $0.67 per share, compared to net income of $509 million, or $0.90 per share in the second quarter of 2019.
Revenues decreased 3.4% to $4.0 billion.
“We made progress against our cost structure initiative allowing us to fund investments aligned to our long-term growth strategy and delivered solid operating performance in a challenging environment. Strong free cash flow further strengthened our balance sheet and provides us with ample financial flexibility.”
Karen McLoughlin, Chief Financial Officer
Check out the past quarters performance:
COVID-19 puts insurers in tricky situation; risks range from litigation to insolvency
Ravaging almost every part of the world and crippling economic activity, the coronavirus pandemic has not spared any business. When it comes to the insurance industry, the nature of impact is complex and there is no doubt the companies will struggle with their underwriting decisions once the damage is fully assessed.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
