Again I can hear people say – if only you hold on a little but longer you might be able to gain higher profit. Hey, I’m not sure what’ll happen next and I’m definitely not David Copperfield. I might say to myself I should hold on another day to see what’ll happen. But another minute wait is another minute risk – I’ve my risk management to follow. Be discipline or you might be punished. Furthermore 67% profit in one-day trading option is satisfying enough – at least for me.
CTSH earned $69.5 million, or 46 cents per 
share, up 21 percent from $57.7 million, or 39 cents per share, during the same period in the previous year. Sales rose 65 percent to $424.4 million from $256.9 million. Analysts, on average, were looking for earnings of 43 cents per share on sales of $405.5 million, according to a poll by Thomson Financial. So CTSH beats earning estimate again and the stock price was rewarded generously.
Francisco D’Souza, president and chief executive officer of Cognizant, said a good portion of company’s growth came from Europe, where revenue doubled last year. In totality, U.S. contributes 86% while Europe the remaining 13% of the revenues.
Cognizant, which recently opened its eighth center in India saw strong demand from healthcare, media and entertainment. Cognizant’s competitors such as Infosys Technologies (Nasdaq: INFY, stock) and Wipro Limited (NYSE: WIT, stock) also reported strong growth due to increased outsourcing demand.
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February 6th, 2007 by financetwitter
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