http://stockmarketbeat.com/blog1/2007/02/05/ctsh-cognizant-likely-to-beat-newly-raised-guidance/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2007/02/05/ctsh-cognizant-likely-to-beat-newly-raised-guidance/comment-page-1/#comment-28053 CTSH: Cognizant Growth Slowing A Bit More Than Expected - Stock Market Beat - Our beat: The stock market. Our job: Beat it. Wed, 02 May 2007 15:26:25 +0000 http://stockmarketbeat.com/blog1/2007/02/05/ctsh-cognizant-likely-to-beat-newly-raised-guidance/#comment-28053 [...] The company did not disclose net employee additions in the body of the press release, but the company description at the bottom says “Cognizant has more than 43,000 employees.” This compares to “over 40,000” at year-end. While we remain impressed that a company can add even 3,000 employees in three months, the pace is below the 4,500 added in Q4 and below the run rate to match last year’s 14,500 additions. Further, since the company is now larger the 3,000 additions represent a sequential growth rate of 7.5%, or approximately 33% annualized. This is not only below the current growth rate of 61% but also below the consensus 2008 revenue growth rate of 36.3%. [...] [...] The company did not disclose net employee additions in the body of the press release, but the company description at the bottom says “Cognizant has more than 43,000 employees.” This compares to “over 40,000” at year-end. While we remain impressed that a company can add even 3,000 employees in three months, the pace is below the 4,500 added in Q4 and below the run rate to match last year’s 14,500 additions. Further, since the company is now larger the 3,000 additions represent a sequential growth rate of 7.5%, or approximately 33% annualized. This is not only below the current growth rate of 61% but also below the consensus 2008 revenue growth rate of 36.3%. [...]

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