How to Check CTS Online Exam, Interview Results 2019|CTS First Quarter Results,Second Quarter Results outlook

By
JobUpdates
0

Check CTS Online Exam, Interview Results 2019

Check CTS Online Exam, Interview Results 2019



How to Check CTS Online Exam, Interview Results 2019: Cognizant Technology Solutions Corporation is one of the worlds leading professional services company Cognizant Recruitment is held for hiring candidates for their Esteemed organization now, Cognizant has already announced the first quarter results ON MAY 2, 2019. Candidates are awaited for the second quarter results as well. The Cognizant Second Quarter results 2019 are to be released soon. Follow our page today job updates for day to day estimation of Cognizant reports.

About CognizantCognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com.






Highlights – First Quarter 2019:



  • Quarterly revenue rose to $4.11 billion, up 5.1% (6.8% in constant currency1) from the year-ago quarter.
  • GAAP operating margin was 13.1% compared to 17.7% in the year-ago quarter.
  • Adjusted Operating Margin1 was 16.0% compared to 17.7% in the year-ago quarter.
  • Net income was $441 million compared to $520 million in the year-ago quarter.
  • Quarterly GAAP diluted EPS was $0.77, compared to $0.88 in the year-ago quarter.
  • Quarterly Adjusted Diluted EPS1 was $0.91, compared to $0.94 in the year-ago quarter.
  • First quarter 2019 GAAP operating results include the $117 million incremental accruals related to India Defined Contribution Obligation2

“Cognizant’s growth and performance in the quarter leave room for improvement,” said Brian Humphries, Chief Executive Officer. “While I am encouraged by our client centricity, our employees’ winning spirit, and our innovation, we are not yet delivering against the market opportunity. We are committed to strengthening our execution to invest in growth and drive shareholder value.”

First Quarter 2019 Performance by Bussiness Segment:

Financial Services: (34.9% of revenues) revenue declined 1.7% year-over-year and was flat in constant currency. Segment revenue was primarily impacted by continued softness in our business with a few of our largest banking clients insurance and North American regional banking clients. During the quarter the company made progress in furthering its platforms and solutions strategy for banking clients through the acquisition of MeritSoft.

Healthcare: (28.3% of revenues) revenue grew 3.9% year-over-year and 4.6% in constant currency. Segment revenue was negatively impacted by continued industry consolidation as well as the accelerated movement of work to a captive at a large North American client. Life Sciences delivered above company average growth, driven by large enterprise deals and momentum with our industry-specific platforms.

Products and Resources: (22.2% of revenues) revenue grew 11.3% year-over-year and 13.8% in constant currency, driven by double-digit growth across key industries including retail and consumer goods, travel and hospitality, and manufacturing, logistics, energy, and utilities. Results reflect continued strength in cloud and digital engineering services and increased demand for interactive, IoT and analytics solutions across clients.


Communications, Media and Technology: (14.5% of revenues) revenue grew 16.9% year-over-year and 19.6% in constant currency, led by growth among technology clients. Within media and communications, growth was driven primarily by digital services for media and entertainment clients to accelerate their transformation to modern media companies, partially offset by slower growth with communications clients involved in industry consolidation. Technology delivered double-digit growth driven primarily by our digital content solutions.






Second Quarter & Full Year 2019 Outlook
The Company is providing the following guidance:

  • The second quarter of 2019 year-over-year revenue growth in the range of 3.9-4.9% in constant      currency.3
  • Full-year 2019 year-over-year revenue growth in the range of 3.6-5.1% in constant currency.3
  • Full-year 2019 Adjusted Operating Margin4 expected to be approximately 17.0%.
  • Full-year 2019 Adjusted Diluted EPS4 expected to be in the range of $3.87-$3.95.
“Our revised full-year outlook reflects the first-quarter underperformance and expectations of slower growth in Financial Services and Healthcare for the remainder of 2019,” said Karen McLoughlin, Chief Financial Officer. “Over the coming quarters, we intend to bring our cost structure closer in line with our revised revenue expectations while continuing to invest in growth, talent, and our portfolio of innovative solutions to speed our pivot to digital. Our strong balance sheet enables us to maintain financial flexibility while returning capital to shareholders.”


Capital Deployment Plan – Dividend



The Company has declared a quarterly cash dividend of $0.20 per share on Cognizant Class A common stock for shareholders of record at the close of business on May 22, 2019. This dividend will be payable on May 31, 2019.


Conference CallCognizant will host a conference call on May 2, 2019, at 5:00 p.m. (Eastern) to discuss the Company’s first quarter 2019 results. To listen to the conference call, please dial (877) 810-9510 (domestically) or (201) 493-6778 (internationally) and provide the following conference passcode: “Cognizant Call.”


The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com. Please go to the website at least 15 minutes prior to the call to register and to download and install any necessary audio software. An earnings supplement will also be available on the Cognizant website at the time of the conference call.


For those who cannot access the live broadcast, a replay will be available. To listen to the replay, please dial (877) 660-6853 (domestically) or (201) 612-7415 (internationally) and enter 13689234 from two hours after the end of the call until 11:59 p.m. (Eastern) on Thursday, May 16, 2019. The replay will also be available at Cognizant’s website www.cognizant.com for 60 days following the call.








Forward-Looking Statements:



This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to our expectations regarding opportunities in the marketplace, our cost structure, our financial flexibility, investment in and growth of our business, our shift to digital solutions and services, our anticipated financial performance, our capital deployment plan and the incremental accrual related to India Defined Contribution Obligation. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, changes in the regulatory environment, including with respect to immigration and taxes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.



About Non-GAAP Financial Measures

To supplement our financial results presented in accordance with GAAP, this press release includes references to the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: Adjusted Income From Operations, Adjusted Operating Margin, Adjusted Diluted Earnings Per Share (“Adjusted Diluted EPS”), free cash flow and constant currency revenue growth. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures should be read in conjunction with our financial statements prepared in accordance with GAAP. The reconciliations of our non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.


Our non-GAAP financial measures, Adjusted Operating Margin and Adjusted Income From Operations, exclude unusual items and Adjusted Diluted EPS additionally excludes net non-operating foreign currency exchange gains or losses and the tax impact of all the applicable adjustments. The income tax impact of each item is calculated by applying the statutory rate and local tax regulations in the jurisdiction in which the item was incurred. Free cash flow is defined as cash flows from operating activities net of purchases of property and equipment. Constant currency revenue growth is defined as revenues for a given period restated at the comparative period’s foreign currency exchange rates measured against the comparative period’s reported revenues.

More details and Tables to follow can be seen in the official site of Cognizant






OFFICIAL WEBSITE OF COGNIZANT: “CLICK HERE“


Off-Campus | Pool Campus | Walk-In Interview Updates: “CLICK HERE“


Join Our Whatsapp Group and Get Job alerts  –  JOIN NOW

Subscribe now!! and don’t miss even a single govt/IT job updates
For any queries/suggestions/doubts comment below …we respond as soon as possible.


RELATED ARTICLESMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here