CTS Q3 2013 Results Highlights | Q3 2013 CTS Results | Cognizant Announces Record Results For Third Quarter 2013 | Cognizant Q3 2013 Results
Quarterly revenue rose to
$2.31 billion, up 6.7% sequentially and 21.9% from the year-ago quarter.
Quarterly diluted EPS on a GAAP basis was $1.05, compared to $0.91 in the
year-ago quarter. Quarterly diluted EPS on a non-GAAP basis, which excludes
stock-based compensation expense and acquisition-related charges, was$1.13,
compared to $0.98 in the year-ago quarter. Net headcount addition for the
quarter was approximately 2,100. Revenue for the third quarter of 2013 rose to
$2.31 billion, up 21.9% from $1.89 billion in the third quarter of 2012.
GAAP net income was$319.6
million, or $1.05 per diluted share, compared to $276.9 million, or $0.91 per
diluted share, in the third quarter of 2012. Quarterly diluted EPS on a
non-GAAP basis, which excludes stock-based compensation expense and
acquisition-related charges, was $1.13, compared to $0.98 in the third quarter
of 2012. GAAP operating margin for the quarter was 19.0%. Non-GAAP operating
margin was 20.4%, marginally higher than the Company's targeted 19-20% range.
Reconciliations of non-GAAP financial measures to GAAP operating results and
diluted EPS are included at the end of this release.
"Our performance during
the quarter was stronger than anticipated due to a faster ramp up in demand for
outsourcing services and strong discretionary spend on consulting and
technology services," said Gordon Coburn, President.
.jpg)
0 comments:
Post a Comment