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

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

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02/09/2012 | 06:08am CET

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

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Financials ($)
Sales 2016 13 519 M
EBIT 2016 2 622 M
Net income 2016 1 640 M
Finance 2016 2 848 M
Yield 2016 -
P/E ratio 2016 20,12
P/E ratio 2017 16,43
EV / Sales 2016 2,21x
EV / Sales 2017 1,95x
Capitalization 32 774 M
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 63,9 $
Spread / Average Target 18%
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NameTitle
Francisco D'Souza Chief Executive Officer & Director
Rajeev Mehta President
John E. Klein Chairman
Srinivasan Veeraraghavachary Chief Operating Officer
Karen McLoughlin Chief Financial Officer
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