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Cognizant’s full-year results are in Analysts are revising forecasts.

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TLDR:

Key Points:

  • Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported full-year results in line with analyst predictions, showing revenues of US$19b and earnings per share of US$4.21.
  • Analysts are forecasting a 6.8% per-share earnings increase in 2024, with revenues expected to be around US$19.5b.

In the latest earnings report, Cognizant Technology Solutions’ revenue growth is predicted to slow down substantially, in contrast to other companies in the industry that are expected to grow revenue at a faster rate. The consensus price target remains largely unchanged at US$78.12, indicating that analysts view the business’s performance as in line with expectations.

Overall, there is no major change in sentiment among analysts regarding the company’s performance, with both earnings and revenue estimates tracking in line with expectations. However, it is noted that Cognizant Technology Solutions may grow slower than its industry peers, which is reflected in the projections for future revenue growth.

While the forecasted slowdown in growth may be a concern, it is essential to consider the long-term prospects of the business rather than focusing solely on near-term earnings. Investors are encouraged to conduct a comprehensive analysis, considering factors such as fair value estimates, risks, dividends, insider transactions, and financial health before making any investment decisions related to Cognizant Technology Solutions.

For more detailed information and analysis on Cognizant Technology Solutions, including forecasts up to 2026, readers can access the full report on the Simply Wall St platform.

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