TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported second-quarter profit of $636 million.
The Teaneck, New Jersey-based company said it had profit of $1.36 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The information technology consulting and outsourcing firm posted revenue of $5.48 billion in the period, meeting Street forecasts.
For the current quarter ending in September, Cognizant said it expects revenue in the range of $5.6 billion to $5.68 billion.
The company expects full-year earnings in the range of $5.70 to $5.82 per share, with revenue ranging from $22.04 billion to $22.35 billion.
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