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Cognizant Bookings Drop 7% as Growth Slows: Rapid Earnings Reaction
Source: fool.com
Corporate EarningsCompany FundamentalsCapital Returns (Dividends / Buybacks)
Cognizant's third-quarter revenue rose 4.6% to about $5.7 billion, with acquisitions and resold third-party products contributing roughly 4 percentage points of growth. Per-share gains came from buybacks rather than higher profit, tempering the quality of the reported growth.
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