TEANECK, N.J. (AP) _ Cognizant Technology Solutions Corp. (CTSH) on Wednesday reported first-quarter net income of $505 million.

On a per-share basis, the Teaneck, New Jersey-based company said it had profit of 95 cents. Earnings, adjusted for non-recurring costs, were 97 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The information technology consulting and outsourcing firm posted revenue of $4.4 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.36 billion.

For the current quarter ending in July, Cognizant said it expects revenue in the range of $4.42 billion to $4.46 billion. Analysts surveyed by Zacks had expected revenue of $4.41 billion.

The company expects full-year earnings in the range of $3.90 to $4.02 per share, with revenue ranging from $17.8 billion to $18.1 billion.

Cognizant shares have declined almost 1% since the beginning of the year, while the S&P’s 500 index has climbed 11%. In the final minutes of trading on Wednesday, shares hit $81.46, a climb of 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTSH at https://www.zacks.com/ap/CTSH