(Updates with the company's latest stock move in the headline and in the first paragraph.)
Cognizant Technology Solutions (CTSH) shares were up 12% in Wednesday trading after the company reported higher Q2 adjusted earnings and revenue.
The company posted quarterly adjusted earnings of $1.37 per diluted share, up from $1.31 a year earlier.
Analysts polled by FactSet expected $1.38.
Revenue for the quarter ended June 30 was $5.48 billion, up from $5.25 billion a year earlier.
Analysts polled by FactSet expected $5.48 billion.
The company expects Q3 revenue of $5.60 billion to $5.68 billion.
Analysts polled by FactSet expect $5.70 billion.
For 2026, the company now expects adjusted earnings of $5.70 to $5.82 per diluted share, compared with its previous guidance of $5.63 to $5.77.
Analysts expect $5.70.
The company now expects 2026 revenue of $22.04 billion to $22.35 billion, compared with its previous guidance of $22.11 billion to $22.64 billion.
Analysts expect $22.28 billion.
Price: $56.57, Change: $+6.26, Percent Change: +12.44%