Cognizant Technology Solutions Corp. announced that for third quarter of 2009, it expects revenue to be at least $800 million, diluted earnings per share (EPS) is expected to be $0.40 on a GAAP basis and $0.44 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense.
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It raised fiscal 2009 outlook and expects revenue to be at least $3.14 billion, diluted EPS expected to be at least $1.66 on a GAAP basis, and at least $1.80 on a non-GAAP basis, which excludes $0.14 of estimated stock-based compensation and stock-based Indian fringe benefit tax expense. According to Reuters Estimates, analysts were expecting the Company to report revenues of $784 million and non-GAAP EPS of $0.39 for third quarter of 2009 and revenues of $3.10 billion and non-GAAP EPS of $1.54 for the same period.
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