Cognizant Technology Solutions Stock News

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Within the last quarter, Cognizant Tech Solns (NASDAQ: CTSH ) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 3 1 0 Last 30D 0 0 0 1 0 1M Ago 1 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 These 6 analysts have an average price target of $92.67 versus the current price of Cognizant Tech Solns at $86.495, implying upside. Below is a summary of how these 6 analysts rated Cognizant Tech Solns over the past 3 months. The greater the number of Full story available on Benzinga.com

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Cognizant's (CTSH) fourth-quarter 2021 results benefit from strong digital revenues and robust contribution from acquisitions.

Cognizant's (CTSH) fourth-quarter 2021 results benefit from strong digital revenues and robust contribution from acquisitions.

CTSH earnings call for the period ending December 31, 2021.

Cognizant''s revenue stood at USD 16.7 billion in 2020, according to a company statement

Sees growth in all markets worldwide

Nasdaq-listed Cognizant Technology Solutions posted highest-ever quarterly revenue growth of 14.5% in constant currency to $4.8 billion for the fourth quarter

For the fourth quarter, ended December, Cognizant reported revenue of $4.8 billion, up 14.2% on a year-on-year basis. Digital revenue for the full year was about 19% and represents 44% of total revenue in FY21, up from 42% in the prior year.

Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.

The full year 2021 revenue was also the highest ever at $18.5 billion, up 10%, Cognizant said. The company expects full-year 2022 revenue to be around $20-$20.5 billion- 8.5%-11.5% growth range in CC terms.

The Teaneck, New Jersey-based firm posted a 14.5% rise in revenue in constant currency from the year-ago period to $4.8 billion for the fourth quarter ended December, its highest ever quarterly revenue