Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Cognizant Technology Solutions Corp    CTSH   US1924461023

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Cognizant Technology Solutions Corp : Cognizant Executive : Expect North America To Lead Sales Growth In 2012

02/09/2012 | 12:08am US/Eastern

Cognizant Technology Solutions Corp. (CTSH) expects sales growth in 2012 to be driven largely by North America, its largest revenue generating market, which is gradually stabilizing after the economic uncertainty that weighed on businesses last year.

Gordon Coburn, the newly appointed president at Cognizant, said late Wednesday he expects clients in North America to spend more on projects which are discretionary in nature this year, compared with its second-largest market--Europe--which remains volatile.

Coburn's comments come after the Nasdaq-listed company earlier Wednesday reported a 16% growth in earnings for the fourth quarter ended Dec. 31 and forecast a rise of at least 23% in sales for this year to $7.53 billion.

The New Jersey-based company, which employs three-fourths of its staff in India, has been posting industry-leading growth over the past few years.

Cognizant's sales increase outlook is much stronger than the local software export industry's 11%-14% revenue growth forecast for the next fiscal year beginning April 1. However, the U.S. company's outlook pales against the 33% sales growth it posted in 2011 even amid a tough business climate.

-By Dhanya Ann Thoppil, Dow Jones Newswires; +91-9886929464; dhanya.thoppil@dowjones.com

Latest news on COGNIZANT TECHNOLOGY SOLUT
7d ago COGNIZANT TECHNOLOGY SOLUTIONS : Schedules Third Quarter 2014 Earnings Release a..
10/10 COGNIZANT TECHNOLOGY SOLUTIONS : Nasdaq 100 Movers: NXPI, CTSH
10/09 COGNIZANT TECHNOLOGY SOLUTIONS : Buys American Digital Marketing Agency Cadient ..
10/07 COGNIZANT TECHNOLOGY SOLUTIONS : Acquires Cadient Group to help Clients Drive Bu..
09/22DJPublishing Technology Warns on 2014 Earnings; Shares Fall 17%
09/19 COGNIZANT TECHNOLOGY SOLUTIONS : Big Cognizant strike may spur M&A
09/18 COGNIZANT TECHNOLOGY SOLUTIONS : Rules out job losses at trizetto
09/17 COGNIZANT TECHNOLOGY SOLUTIONS : To acquire us firm trizetto for $2.7 billion
09/17 COGNIZANT TECHNOLOGY SOLUTIONS : With the trizetto buy, cognizant sets new bench..
09/17 COGNIZANT TECHNOLOGY SOLUTIONS : Obamacare may spell healthy buys for it compani..
Advertisement
Chart
Duration : Period :
Cognizant Technology Solut Technical Analysis Chart | CTSH | US1924461023 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF