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Actionable news in CTSH: Cognizant Technology Solutions Corporation,

Cognizant Technology (CTSH) Stock Continues to Climb on Q1 Results

NEW YORK (TheStreet) -- Shares of Cognizant Technology Solutions (CTSH - Get Report) are jumping by 5.23% to $60.60 on heavy trading volume late Friday afternoon, after the IT consulting and outsourcing company posted its 2016 first quarter results.

Before the opening bell, the Teaneck, NJ-based company reported earnings of 80 cents per diluted share, beating analysts' estimates by a penny.

Revenue rose by 10% to $3.2 billion, but was slightly lower than Wall Street's expectations of $3.23 billion.

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Cognizant said it expects a pipeline of new projects from its healthcare and financial services clients to spur growth for...


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