Member access

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

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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;

React to this article
3d ago More than 70% drop in pay offers at National Institute of Design
12/04 COGNIZANT TECHNOLOGY SOLUTIONS : to Present at the CLSA Americas Innovation Summ..
11/20 COGNIZANT TECHNOLOGY SOLUTIONS : Completion of Acquisition or Disposition of Ass..
11/20 COGNIZANT TECHNOLOGY SOLUTIONS : Completes Acquisition of TriZetto, Creating a F..
11/14 COGNIZANT TECHNOLOGY SOLUTIONS : Buys australian digital solutions provider odec..
11/12 COGNIZANT TECHNOLOGY SOLUTIONS : Acquires Odecee, a Digital Solutions Company in..
11/11 COGNIZANT TECHNOLOGY SOLUTIONS : to Present at the UBS Global Technology Confere..
11/10 COGNIZANT TECHNOLOGY SOLUTIONS : Partners With CFA Institute to Enhance Financia..
11/07 Cognizant raises full-year forecast, Q2 revenue up 12%
11/07 Cognizant pips infy, wipro in revenue growth
Duration : Period :
Cognizant Technology Solut Technical Analysis Chart | CTSH | US1924461023 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes