Cognizant Expects Q1 Revenue To Be $4.68B-$4.76B (Est 4.774B), A Decline Of 2.7%-1.2%, Or A Decline Of 3.0%-1.5% In Constant Currency
Portfolio Pulse from Benzinga Newsdesk
Cognizant Technology Solutions Corp. (CTSH) forecasts its Q1 revenue to be between $4.68B and $4.76B, falling short of the estimated $4.774B. This represents a decline of 2.7% to 1.2%, or 3.0% to 1.5% in constant currency terms.
February 06, 2024 | 9:05 pm
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Cognizant Technology Solutions Corp. (CTSH) anticipates a Q1 revenue shortfall, projecting figures below the estimated $4.774B, indicating a revenue decline.
Cognizant's projected revenue shortfall and expected decline, compared to estimates, could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
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