Cognizant Technology Solutions Sees Q3 Revenue $4.89B-$4.94B Vs $4.86B Est. FY23 Revenue $19.2B-$19.6B Vs $19.45B Est.; FY23 EPS $4.25-$4.48 Vs $4.27 Est.
Portfolio Pulse from Happy Mohamed
Cognizant Technology Solutions has released its Q3 and FY23 guidance. The company expects Q3 revenue to be between $4.89B and $4.94B, compared to an estimate of $4.86B. For FY23, the company anticipates revenue to be between $19.2B and $19.6B, versus an estimate of $19.45B, and EPS to be between $4.25 and $4.48, compared to an estimate of $4.27.
August 04, 2023 | 12:18 pm
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Cognizant's Q3 and FY23 revenue guidance surpasses estimates, which could positively impact the company's stock price in the short term.
Cognizant's revenue guidance for both Q3 and FY23 is higher than the estimates. This positive financial outlook could lead to increased investor confidence, potentially driving up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100