Check CTS Online Exam, Interview Results 2019
How to Check CTS Online Exam, Interview Results 2019: Cognizant Technology Solutions Corporation is one of the worlds leading professional services company Cognizant Recruitment is held for hiring candidates for their Esteemed organization now, Cognizant has already announced the first quarter results ON MAY 2, 2019. Candidates are awaited for the second quarter results as well. The Cognizant Second Quarter results 2019 are to be released soon. Follow our page today job updates for day to day estimation of Cognizant reports.
Highlights – First Quarter 2019:
- Quarterly revenue rose to $4.11 billion, up 5.1% (6.8% in constant currency1) from the year-ago quarter.
- GAAP operating margin was 13.1% compared to 17.7% in the year-ago quarter.
- Adjusted Operating Margin1 was 16.0% compared to 17.7% in the year-ago quarter.
- Net income was $441 million compared to $520 million in the year-ago quarter.
- Quarterly GAAP diluted EPS was $0.77, compared to $0.88 in the year-ago quarter.
- Quarterly Adjusted Diluted EPS1 was $0.91, compared to $0.94 in the year-ago quarter.
- First quarter 2019 GAAP operating results include the $117 million incremental accruals related to India Defined Contribution Obligation2
First Quarter 2019 Performance by Bussiness Segment:
Communications, Media and Technology: (14.5% of revenues) revenue grew 16.9% year-over-year and 19.6% in constant currency, led by growth among technology clients. Within media and communications, growth was driven primarily by digital services for media and entertainment clients to accelerate their transformation to modern media companies, partially offset by slower growth with communications clients involved in industry consolidation. Technology delivered double-digit growth driven primarily by our digital content solutions.
Second Quarter & Full Year 2019 Outlook
- The second quarter of 2019 year-over-year revenue growth in the range of 3.9-4.9% in constant currency.3
- Full-year 2019 year-over-year revenue growth in the range of 3.6-5.1% in constant currency.3
- Full-year 2019 Adjusted Operating Margin4 expected to be approximately 17.0%.
- Full-year 2019 Adjusted Diluted EPS4 expected to be in the range of $3.87-$3.95.
Capital Deployment Plan – Dividend
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to our expectations regarding opportunities in the marketplace, our cost structure, our financial flexibility, investment in and growth of our business, our shift to digital solutions and services, our anticipated financial performance, our capital deployment plan and the incremental accrual related to India Defined Contribution Obligation. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, changes in the regulatory environment, including with respect to immigration and taxes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
About Non-GAAP Financial Measures
To supplement our financial results presented in accordance with GAAP, this press release includes references to the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: Adjusted Income From Operations, Adjusted Operating Margin, Adjusted Diluted Earnings Per Share (“Adjusted Diluted EPS”), free cash flow and constant currency revenue growth. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures should be read in conjunction with our financial statements prepared in accordance with GAAP. The reconciliations of our non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.
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