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Jun 30, 2020
Cognizant Q2 2020 Earnings Report
Reported second quarter results with revenue of $4.0 billion.
Key Takeaways
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.
Revenue of $4.0 billion, down 3.4% (2.5% in constant currency) including a negative 210 basis points impact from the exit of certain content services business and the ransomware attack
GAAP operating margin was 11.7% vs. 14.9%
Net income was $361 million vs. $509 million
First half 2020 bookings increased 14%
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full year 2020 revenue expected to be in the range of $16.4-16.7 billion, or a decline on a constant currency basis of 2.0-0.5%. Full year 2020 Adjusted Operating Margin expected to be approximately 15%. Full year 2020 Adjusted Diluted EPS expected to be in the range of $3.48-3.58
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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