Cognizant Technology Solutions Sees Q4 Revenue $5B-$5.1B Vs $5.09B Est. Est.; FY24 Adj EPS $4.63-$4.67 Vs $4.62 Est.; Revenue $19.7B-$19.8B Vs $19.65B Est.
Portfolio Pulse from Benzinga Newsdesk
Cognizant Technology Solutions has provided its Q4 and FY24 guidance, expecting Q4 revenue between $5B-$5.1B and FY24 revenue between $19.7B-$19.8B. The company anticipates a full-year adjusted EPS of $4.63-$4.67.
October 30, 2024 | 8:04 pm
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Cognizant Technology Solutions has issued its Q4 and FY24 guidance, with Q4 revenue expected between $5B-$5.1B, slightly below the $5.09B estimate. FY24 revenue is projected at $19.7B-$19.8B, slightly above the $19.65B estimate. Adjusted EPS for FY24 is expected to be $4.63-$4.67, slightly above the $4.62 estimate.
Cognizant's guidance for Q4 revenue is slightly below analyst estimates, which could be seen as a negative. However, the full-year revenue and EPS guidance slightly exceed expectations, which is positive. The overall impact is likely positive due to the full-year outlook.
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