Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Cognizant Technology 'A'       

End-of-day quote. End-of-day quote  - 08/03
62.88 USD   -0.35%
11/17DJCOGNIZANT TECHN : CEO Leaves the Door Open for Acquisitions
11/17 NASDAQ 100 MOVE : Gmcr, mat
11/06 COGNIZANT TECHN : Health care segment helps fuel Cognizant
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; dhanya.thoppil@dowjones.com

React to this article
11/17DJCOGNIZANT TECHNOLOGY SOLUTIONS : CEO Leaves the Door Open for Acquisitions
11/17 NASDAQ 100 MOVERS : Gmcr, mat
11/12 COGNIZANT TECHNOLOGY SOLUTIONS : Plans quarterly promotions at attrition surges
11/06 COGNIZANT TECHNOLOGY SOLUTIONS : Hiring numbers lag peers in sep 2015 quarter
11/06 COGNIZANT TECHNOLOGY SOLUTIONS : Health care segment helps fuel Cognizant
11/06 COGNIZANT TECHNOLOGY SOLUTIONS : Storebrand ASA: Storebrand and Cognizant enter ..
11/05 COGNIZANT TECHNOLOGY SOLUTIONS : to Present at the 2015 Wells Fargo Technology, ..
11/04 Cognizant pips indian peers, posts 12% jump in q3 profit
11/04 How they fare
11/04DJCOGNIZANT TECHNOLOGY SOLUTIONS : Revenue Continues to Grow on Health Care
News chart
Full-screen chart
Income Statement Evolution
More Financials