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Sep 30, 2020
Cognizant Q3 2020 Earnings Report
Announced third quarter 2020 financial results.
Key Takeaways
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.
Revenue of $4.2 billion, down 0.1% (0.7% in constant currency) including a negative 130 basis points impact from the exit of certain content services
GAAP operating margin was 14.2% vs. 15.7% in the prior year period while GAAP diluted EPS was $0.64, including a negative one-time tax impact of $0.26 per share, vs. $0.90 in the prior year period
Adjusted Operating Margin was 15.9% vs.17.3% in the prior year period while Adjusted Diluted EPS was $0.97 vs. $1.08 in the prior year period
Year-to-date cash flow from operations of $2.4 billion and free cash flow of $2.1 billion
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full year 2020 revenue expected to be approximately $16.7 billion, or a decline on a constant currency basis of 0.4%. Full year 2020 Adjusted Operating Margin expected to be approximately 15%. Full year 2020 Adjusted Diluted EPS expected to be in the range of $3.63-3.67
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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