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Cognizant Technology Solutions Corp. Q2 adjusted earnings Beat Estimates

Cognizant Technology Solutions Corp. (CTSH) announced a profit for second quarter that decreased from last year.

The company's bottom line totaled $361 million, or $0.67 per share. This compares with $509 million, or $0.90 per share, in last year's second quarter.

Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.4% to $4.00 billion from $4.14 billion last year.

Cognizant Technology Solutions Corp. earnings at a glance:

-EPS (Q2): $0.82 vs. $0.94 last year.
-Analysts Estimate: $0.69
-Revenue (Q2): $4.00 Bln vs. $4.14 Bln last year.

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