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
Cognizant Reports Second Quarter 2020 Results

Looking forward to listening to management/analysts comments on Q2 results? Stay tuned here for Cognizant’s Q2 2020 earnings call transcript

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.

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