Cognizant Misses Earnings Forecast Despite Revenue Beat and Higher Full-Year Outlook

Cognizant Technology Solutions Corp. reported mixed second-quarter financial results. The company posted adjusted earnings of $1.37 per share, falling short of the consensus analyst estimate of $1.38. However, revenue performance exceeded expectations, with the company generating $5.5 billion in quarterly revenue compared to the consensus forecast of $5.49 billion. On a constant currency basis, revenue increased 4.1% year over year.
The Financial Services segment, which represents the company&r