Comment on Cognizant 1Q results top Street, lifts full-year guidance

Cognizant 1Q results top Street, lifts full-year guidance

TEANECK, N.J. (AP) — Cognizant Technology raised its outlook for the year after strong performances in its health care and financial services units pushed both profits anid revenue beyond Wall Street expectations Monday. Shares in the information technology and consulting company quickly soared to an all-time high and traded more than 8 percent higher, the biggest gain on the Standard & Poors index. Cognizant earned $382.9 million, or 62 cents per share, for the three months ended March 31.Read more on NewsOK.com

 

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