Why Cognizant Technology Stock Fell Today

Shares of Cognizant Technology (NASDAQ: CTSH) fell today after the company reported its first-quarter results late yesterday. 

The tech stock had tumbled by 7.9% as of 2:09 p.m. EDT.

Cognizant Technology's first-quarter revenue increased 4.2% year over year, to $4.4 billion, and adjusted earnings were $0.97 per share, ahead of Wall Street's consensus estimate of $0.94 per share.  

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Source Fool.com