TEANECK, N.J. (AP) _ Cognizant Technology Solutions Corp. (CTSH) on Thursday reported fourth-quarter earnings of $521 million.
On a per-share basis, the Teaneck, New Jersey-based company said it had net income of $1.02. Earnings, adjusted for non-recurring gains, were $1.01 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.01 per share.
The information technology consulting and outsourcing firm posted revenue of $4.84 billion in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $4.78 billion.
For the year, the company reported profit of $2.29 billion, or $4.41 per share. Revenue was reported as $19.43 billion.
For the current quarter ending in March, Cognizant said it expects revenue in the range of $4.71 billion to $4.76 billion. Analysts surveyed by Zacks had expected revenue of $5.05 billion.
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