Today, Cognizant Technology Solutions Corp (NASDAQ : CTSH) the IT, consulting and BPO services provider, reported a higher Q1 profit, chiefly aided by a revenue surge in all region and segments.

Cognizant's net income grew from last year's $208.33 million or $0.67 per share to $243.65 million or $0.79 per share, in-line with analysts' expectations from  A. On average analysts' expected earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude one-time items.

Revenue jumped 24.8 percent from $1.37 billion in the previous year  to $1.71 billion last year. It was in-line with  analysts' consensus estimate.

Going forward,  to the second quarter of 2012, the company expects earnings per share to be $0.80, with revenue anticipated to be at least $1.79 billion. Analysts project earnings of $0.83 per share on $1.84 billion revenue for the quarter. The company also announced an additional $400 million share buyback program.

Original Source : Financial News

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Galaxy smart phone is to be updated with new quad-core silicon chip in the coming days in order to improve the performance in terms of speed and efficiency. The Exynos Quad 4 is built on the company’s cutting-edge 32-nanometer manufacturing process and it incorporates four processor cores. 

Samsung said in a statement that the quad-core processor is an important element in providing their customers with a PC-like feeling on their mobile devices.

Original Source:  news.cnet

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