Cognizant Technology Solutions CTSH is set to report second-quarter 2021 results on Jul 28.Second-quarter 2021 revenues are expected to be in the range of $4.342-4.46 billion, indicating growth of 8%-9% on a cc basis. The Zacks Consensus Estimate for revenues is currently pegged at $4.45 billion, indicating an increase of 11.2% from the figure reported in the year-ago quarter.The consensus mark for second-quarter earnings has remained unchanged at 96 cents per share over the past 30 days, indicating year-over-year growth of 17%.Notably, the company beat the Zacks Consensus Estimate in three of the trailing four quarters while missing in one, the average surprise being 1.5%.Let’s see how things have shaped up prior to the upcoming announcement.Cognizant Technology Solutions Corporation Price and EPS Surprise Cognizant Technology Solutions Corporation price-eps-surprise | Cognizant Technology Solutions Corporation QuoteFactors to ConsiderCognizant’s quarterly results are likely to reflect its domain expertise in areas like automation, digital engineering, cloud and IoT. Moreover, stellar demand for digital transformation across enterprises is anticipated to have fueled growth in the company’s digital bookings.The company’s expanding partner base, which includes Salesforce CRM, Workday WDAY, Oracle ORCL, SAP and ServiceNow, is likely to have helped the company provide a complete suite of enterprise application services to its clients, thereby aiding client wins during the June-end quarter.On Apr 6, Cognizant announced a multi-year partnership to be the Official Digital Transformation Partner of the elite global racing championship SailGP. Cognizant will leverage its digital transformation and software engineering expertise to improve audience insights, enable data visualization and create an immersive fan experience for the 257 million SailGP viewers worldwide.Steady adoption of digital engineering, cloud infrastructure, IoT, AI and analytics solutions is expected to have driven this Zacks Rank #3 (Hold) company’s product and resource revenues during the to-be-reported quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.On Apr 1, Cognizant announced the completion of the acquisition of Servian, an Australia-based, privately held enterprise transformation consultancy, specializing in data analytics, artificial intelligence, digital services, experience design and cloud. The acquisition of Servian expands Cognizant's integrated, end-to-end digital transformation capabilities in Australia and New Zealand.Apart from this, the company pursued several acquisitions, including Magenic Technologies, Linium, Bright Wolf, Tin Roof Software, 10th Magnitude and Zenith Technologies, to strengthen its digital capabilities, which is likely to have been a major positive during the quarter in review.Additionally, rising demand for digital operations and cloud-based environments is likely to have aided Life Sciences in the to-be-reported quarter. Also, strong demand from biopharma customers, along with contribution from Zenith’s acquisition, is likely to have aided the top line in the healthcare segment.Besides, the communications, media and technology segment is likely to have benefited from steady demand for digital engineering services. Nonetheless, the segment’s top-line results might underline the negative impact of the exit from certain portions of the content services business, and prevalent pressure in the media and entertainment.However, weakness across select global banking accounts is expected to have dampened growth in the financial services segment. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report salesforce.com, inc. (CRM): Free Stock Analysis Report Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report Oracle Corporation (ORCL): Free Stock Analysis Report Workday, Inc. (WDAY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research