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Jun 30, 2022
Cognizant Q2 2022 Earnings Report
Announced Q2 2022 financial results, demonstrating revenue growth and strategic investments amidst challenging labor market conditions.
Key Takeaways
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.
Revenue grew 7.0% year-over-year, or 9.5% in constant currency.
Operating Margin increased to 15.5%, up 30 basis points year-over-year.
Over $1.0 billion was deployed on share repurchases and dividends year-to-date.
Operating cash flow was $528 million and free cash flow was $485 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company provided the following guidance: •Third quarter revenue is expected to be $4.98-$5.03 billion, or growth of 5.0%-6.0% (7.5%-8.5% in constant currency). •Full-year 2022 revenue is expected to be $19.7-$19.9 billion, or growth of 6.3%-7.3% (8.5%-9.5% in constant currency). •Full-year 2022 Adjusted Operating Margin3 is expected to expand 20 basis points to 30 basis points to 15.6% - 15.7%.3 •Full-year 2022 Adjusted Diluted EPS3 is expected to be in the range of $4.51-$4.57.
Positive Outlook
- Third quarter revenue is expected to be $4.98-$5.03 billion.
- Third quarter revenue growth of 5.0%-6.0% (7.5%-8.5% in constant currency).
- Full-year 2022 revenue is expected to be $19.7-$19.9 billion.
- Full-year 2022 revenue growth of 6.3%-7.3% (8.5%-9.5% in constant currency).
- Full-year 2022 Adjusted Diluted EPS is expected to be in the range of $4.51-$4.57.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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