Cognizant Technology Solutions Corp. Q1 Profit Advances 10%

(RTTNews) - Cognizant Technology Solutions Corp. (CTSH) released earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $636.6 million, or $0.80 per share. This was up from $576.8 million, or $0.71 per share, in last year's first quarter.

Analysts had expected the company to earn $0.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.0% to $3.20 billion. This was up from $2.91 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance:

-Earnings (Q1): $636.6 Mln. vs. $576.8 Mln. last year. -Earnings Growth (Y-o-Y): 10.4% -EPS (Q1): $0.80 vs. $0.71 last year. -EPS Growth (Y-o-Y): 12.7% -Analysts Estimate: $0.79 -Revenue (Q1): $3.20 Bln vs. $2.91 Bln last year. -Revenue Change (Y-o-Y): 10.0%

-Guidance: Next quarter EPS guidance: $0.80 - $0.82 Next quarter revenue guidance: $3.34 - $3.40 Bln Full year EPS guidance: $3.32 to $3.44 Full year revenue guidance: $13.65 - $14.0 Bln