Why Cognizant Technology Solutions Stock Triumphed on Thursday

Core Insights - Cognizant Technology Solutions experienced a positive stock market performance, with shares rising over 2% following a favorable quarterly earnings report [1] - The company's revenue for the first quarter reached approximately $5.12 billion, reflecting a 7.5$663 million from $546 million year-over-year, while non-GAAP earnings per share increased by 10$1.23 [2][3] Financial Performance - The revenue growth was supported by a 3% improvement in trailing-12-month bookings, totaling $26.7 billion [2] - Analysts had anticipated lower figures, with expectations of$5.06 billion in revenue and $1.20 per share for adjusted profitability [3] - Cognizant provided guidance for the second quarter and full-year 2025, projecting revenue between$20.5 billion and $21 billion, indicating growth of nearly 4$20.6 billion and adjusted net income at $4.99 per share [5] - While the quarter was deemed decent, there is a desire for higher growth in bookings to enhance investor confidence [5]