Wednesday, November 4, 2015

CTSH Earnings

Cognizant reported nice results today.  Here is what the CEO had to say.

"We experienced another quarter of strong performance, building on our solid momentum in the first half of the year with continued broad-based demand across key industries and geographies we serve," said Francisco D'Souza, Chief Executive Officer of Cognizant. "As clients worldwide shift spending toward investments that drive innovation and growth in the digital era, our portfolio of services is well positioned to meet their needs and capture a disproportionate share of the market."
"Our third quarter results, and increased guidance for the full year, clearly demonstrate that clients are turning to Cognizant to help them transition into digital enterprises while optimizing their traditional investments in technology and business processes," said Gordon Coburn, President. "Large scale business transformations require a partner that brings a consultative approach to client engagement -- combining deep domain knowledge, understanding of clients' legacy systems, expertise in digital design and technologies, and ability to scale at an enterprise level. These are areas where we have invested significantly and have critical competitive differentiation to meet the changing demands of clients in a new digital world."
Exactly what you want to hear on a report like this. Cognizant's competitive advantage is the knowledge of employees, and ability to execute at a high level. GAAP diluted EPS came in at $.65, and non GAAP diluted EPS came in at $.76. I'll make another add to the portfolio today and that should be good for awhile. 

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