Cognizant Technology Solutions, information technology services provider, reported better than expected Q1 results and lifted its guidance. The company reported earnings of 32 cents a share, up from a profit of 22 cents a share a year-earlier. Revenue soared in Q1 to $285.5 million from $181.7 million in the same period a year ago. The company beat analysts’ estimate for a profit of 29 cents a share. |
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