Investing.com - Cognizant (NASDAQ:CTSH) A reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cognizant A announced earnings per share of $0.97 on revenue of $4.24B. Analysts polled by Investing.com anticipated EPS of $0.9 on revenue of $4.16B.
Cognizant A shares are up 14% from the beginning of the year, still down 5.61% from its 52 week high of $75.27 set on October 13. They are under-performing the Nasdaq which is up 22.65% from the start of the year.
Cognizant A follows other major Technology sector earnings this month
Cognizant A's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $0.92 on revenue of $12.4B, compared to forecast for EPS of $0.84 on revenue of $11.84B.
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