Cognizant Technology Solutions (Nasdaq: CTSH) reported earnings on Aug. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Cognizant Technology Solutions met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.

Gross margins expanded, operating margins increased, net margins were steady.

Revenue details
Cognizant Technology Solutions logged revenue of $1.80 billion. The 20 analysts polled by S&P Capital IQ wanted to see revenue of $1.79 billion on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $1.49 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.82. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.80 per share. GAAP EPS of $0.82 for Q2 were 22% higher than the prior-year quarter's $0.67 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 42.6%, 60 basis points better than the prior-year quarter. Operating margin was 18.5%, 30 basis points better than the prior-year quarter. Net margin was 14.0%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.88 billion. On the bottom line, the average EPS estimate is $0.86.

Next year's average estimate for revenue is $7.34 billion. The average EPS estimate is $3.36.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,067 members out of 1,122 rating the stock outperform, and 55 members rating it underperform. Among 268 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 253 give Cognizant Technology Solutions a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cognizant Technology Solutions is outperform, with an average price target of $74.96.

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