NEW YORK, August 14, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Cognizant Technology Solutions Corporation (NASDAQ: CTSH), Automatic Data Processing, Inc. (NASDAQ: ADP), Citrix Systems, Inc. (NASDAQ: CTXS), CA Technologies (NASDAQ: CA), and Ebix Inc. (NASDAQ: EBIX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Cognizant Technology Solutions Corporation Research Report
On August 6, 2013, Cognizant Technology Solutions Corp. (Cognizant) reported its Q2 2013 financial results with revenue growth of 20.4% YoY to $2.2 billion. GAAP diluted EPS for the quarter was $0.99 compared to $0.82 in Q2 2012. Commenting on the results, Francisco D'Souza, Chief Executive Officer said, "Our 15 year record of revenue and earnings growth is a testament to our long-term strategy of reinvesting in our business to stay relevant to our clients' changing needs and to provide increasing value as we grow each of those trusted relationships. This reinvestment strategy continues to enable Cognizant to excel in our core services while simultaneously investing in multiple horizons of growth, thereby continuing to position us well for the future." The Company anticipates its Q3 2013 revenue to be c.$2.3 billion and diluted earnings to be $1.00 per share on a GAAP basis. The Full Research Report on Cognizant Technology Solutions Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b58c_CTSH]
Automatic Data Processing, Inc. Research Report
On August 7, 2013, Automatic Data Processing Inc. (ADP) announced that its ezLaborManager solution is now fully integrated with RUN Powered by ADP Payroll for Partners. ADP stated that with this integration, accounting professionals and payroll service providers will have the ability to help its clients improve compliance and at the same time, simplify the procedure to collect employee hours and calculate and report employees' time and attendance. "Our research shows that nearly 90% of accountants are involved in their clients' payroll in some way," said Anish Rajparia, President of ADP Small Business Services. "ADP is committed to delivering innovative products that help our accountant partners grow their practices while helping them to increase efficiencies and reduce risk," Rajparia concluded. The Full Research Report on Automatic Data Processing, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3a17_ADP]
Citrix Systems, Inc. Research Report
On August 7, 2013, Citrix Systems Inc. (Citrix) unveiled the Citrix XenClient. According to the Company, by leveraging the powerful personalization and profile management technology in Citrix XenDesktop, XenClient 5 allows mobile workers to seamlessly work across different types of gadgets using virtual desktop hosted or local along with their files and documents. Commenting on the launch, Mitch Parker, Vice President and General Manager, Client Virtualization, Citrix said, "With this new level of integration with XenDesktop and seamless personalization and synchronization across devices, XenClient further enables enterprises to go mobile. Users have the ability to work from any device, even offline with their laptops, and IT achieves greater security and manageability." The Full Research Report on Citrix Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f212_CTXS]
CA Technologies Research Report
On August 8, 2013, CA Technologies (CA) announced that its CA Nimsoft Service Desk and CA Nimsoft Monitor has been selected by ac3, an independent provider of ICT infrastructure and cloud services, to improve efficiency and drive business growth. Bill McMurray, Managing Director for CA Technologies Australia and New Zealand, said that the combination of CA Nimsoft Monitor and CA Nimsoft Service Desk empowers service providers like ac3 to have a greater positive impact on their customers' business performance. "Given the growing complexity of customer's ICT environments and the growing dependence of organisations on the services provided via those environments, business success depends on superior visibility and control over infrastructure resources," McMurray said. "ac3 can now deliver that visibility and control more effectively and cost-efficiently, resulting in a more compelling value proposition and healthier operating margins." The Full Research Report on CA Technologies - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e3db_CA]
Ebix Inc. Research Report
On August 9, 2013, Ebix Inc. (Ebix) reported its Q2 2013 financial results, with total revenue of $51.0 million, up 6.9% YoY. Diluted EPS for the quarter decreased to $0.35 from $0.47 in Q2 2012. Cash generated from operations came in at $11 million, a decrease of 49.5% YoY. Operating margins were higher at 37.8% compared to $37.1% in Q2 2012. "With a few distractions in the quarter, Ebix grew its revenue 7% year over year to $51.0 million which did not match our goals for the quarter. The entire Ebix team is currently focused on building our sales pipeline and implementing signed contracts" Ebix Chairman, President & Chief Executive Officer Robin Raina said. "We have had good customer wins in late June and July and are in the process of negotiating large customer contracts. We are focused on generating increased subscription and transaction revenue and adding to our net operating cash flow and income over the next few quarters." The Full Research Report on Ebix Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/acda_EBIX]
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SOURCE Analysts' Corner