/Cognizant%20Technology%20Solutions%20Corp_%20Plano%2C%20TX%20office-by%20JHVEPhoto%20via%20iStock.jpg)
Teaneck, New Jersey-based Cognizant Technology Solutions Corporation (CTSH) is a leading professional services company that provides consulting, technology, and outsourcing services. With a market cap of $36.7 billion, Cognizant’s operations span various countries in the Americas, Europe, the Middle East, Asia-Pacific, and Africa. The tech company is expected to announce its Q2 earnings after the market closes on Wednesday, Jul. 31.
Ahead of the event, analysts expect Cognizant to report a profit of $1.12 per share, up 1.8% from $1.10 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS projections in each of the past four quarters. Its EPS for the last reported quarter exceeded the consensus estimate marginally, thanks to the steady spending by its clients.
