Cognizant Earnings Reports

Cognizant's Q4 2024 revenue reached $5.1 billion, a 6.8% year-over-year increase, driven by strong execution and strategic priorities. The company closed a record 29 large deals during the year, reflecting the effectiveness of its strategy and client-centric approach. Adjusted Operating Margin was 15.7% in the fourth quarter.

Cognizant reported Q3 2024 revenue of $5.0 billion, a 3.0% increase year-over-year, with operating margin at 14.6%. The company signed six deals with total contract value exceeding $100 million each and completed the acquisition of Belcan.

Cognizant reported Q2 2024 revenue of $4.85 billion, above the high end of their guidance range, with a GAAP EPS of $1.14 and an adjusted EPS of $1.17. The company's operating margin was 14.6%, and adjusted operating margin was 15.2%.

Cognizant's Q1 2024 revenue was $4.76 billion, a 1.1% year-over-year decrease. The adjusted operating margin expanded by 50 basis points to 15.1%. The company signed eight deals with a total contract value of at least $100 million each and returned $284 million to shareholders through share repurchases and dividends.

Cognizant's Q4 2023 revenue was $4.758 billion, a decrease of 1.7% year-over-year. The company's adjusted operating margin improved sequentially to 16.1%. Full-year bookings grew 9% year-over-year to $26.3 billion.

Cognizant's Q3 2023 revenue reached $4.9 billion, a 0.8% increase year-over-year, with a record trailing 12-month bookings of $26.9 billion, up 16% year-over-year. The company's fundamentals were strengthened with higher customer satisfaction scores, lower voluntary attrition and continued growth in bookings. Full-year revenue guidance narrowed to -0.7% to flat, and adjusted operating margin guidance is now ~14.7%.

Cognizant's Q2 2023 results showed a slight revenue decline of 0.4% year-over-year but a strong 17% year-over-year growth in bookings. The company reaffirmed its full-year 2023 revenue growth and Adjusted Operating Margin guidance.

Cognizant reported Q1 2023 results with revenue of $4.8 billion, a decline of 0.3% year-over-year, or an increase of 1.5% in constant currency. The company saw record trailing 12-month bookings of $25.6 billion and Q1 bookings growth of 28% year-over-year. They expect to return $1.4 billion to shareholders in 2023.

Cognizant's Q4 revenue reached $4.8 billion, marking a 1.3% year-over-year increase, or 4.1% in constant currency. Full-year revenue was $19.4 billion, a 5.0% increase year-over-year, or 7.5% in constant currency. Bookings in the fourth quarter grew 12% year-over-year.

Cognizant's Q3 2022 revenue reached $4.9 billion, a 2.4% year-over-year increase (5.6% in constant currency). The company's operating margin was 16.4%, up 100 basis points year-over-year. Bookings declined 2% year-over-year, resulting in a book-to-bill ratio of approximately 1.0x for the quarter and 1.2x for the trailing 12 months. The company revised its full-year 2022 revenue growth guidance to 4.5%, or 7.0% in constant currency.

Cognizant reported Q2 2022 results with revenue of $4.9 billion, a 7.0% year-over-year increase, and an operating margin of 15.5%. The company focused on client commitments and balanced financial results amidst unprecedented labor market conditions.

Cognizant's Q1 2022 revenue reached $4.8 billion, a 9.7% year-over-year increase, with digital revenue growing by 20%. Bookings grew by 4% year-over-year, resulting in trailing 12-month bookings of $23.4 billion and a book-to-bill ratio of 1.2x. The company's full-year 2022 revenue growth guidance is set at 7.2% to 9.2%.

Cognizant's Q4 2021 results showed strong revenue growth, driven by digital services and recent acquisitions. The company's financial performance reflects its strategic focus on enhancing its digital portfolio and strengthening its international presence.

Cognizant reported strong Q3 2021 results with revenue of $4.7 billion, up 11.8% year-over-year. The company saw growth across all business segments, driven by digital revenue growth of 18% year-over-year. Bookings also grew strongly, up 24% year-over-year.

Cognizant reported a strong second quarter with revenue of $4.6 billion, a 14.6% year-over-year growth. The company increased its full-year 2021 revenue growth guidance to 10.2-11.2%.

Cognizant's Q1 2021 results showed revenue of $4.4 billion, a 4.2% increase year-over-year. Digital revenue grew by approximately 15% and now accounts for 44% of the total revenue. The company increased its 2021 revenue growth guidance to 7.0-9.0%.

Cognizant reported Q4 revenue of $4.2 billion and full-year revenue of $16.7 billion. The company's Q4 results were impacted by the anticipated exit from a customer engagement and the exit from certain content services. The company provided 2021 revenue growth guidance of 5.5% to 8.5%.

Cognizant's Q3 2020 revenue was $4.2 billion, a decrease of 0.1% year-over-year. GAAP diluted EPS was $0.64, while Adjusted Diluted EPS was $0.97. The company returned over $800 million to shareholders through share repurchases and dividends.

Cognizant reported a solid second quarter performance, with revenue of $4.0 billion, despite facing unprecedented challenges due to the COVID-19 pandemic and a ransomware attack. The company is focused on investing in clients and associates and executing its digital strategy.

Cognizant's Q1 2020 results showed revenue growth of 2.8% to $4.2 billion, with adjusted EPS of $0.96. The company experienced some COVID-19 related disruptions but remains focused on supporting clients and communities.

Cognizant reported Q4 2019 revenue of $4.3 billion, a 3.8% increase year-over-year. The company's GAAP diluted EPS was $0.72, while adjusted diluted EPS was $1.07. Net income for the quarter was $395 million.