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Sep 30, 2021
Cognizant Q3 2021 Earnings Report
Reported strong results driven by robust demand and strategic investments
Key Takeaways
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.
Revenue grew 11.8% year-over-year to $4.7 billion (11.0% in constant currency).
Digital revenue grew 18% year-over-year.
Q3 bookings grew 24% year-over-year, bringing year-to-date bookings growth to 13%.
The company expects full-year revenue growth of approximately 10% in constant currency.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company provided the following guidance: •Fourth quarter revenue is expected to be $4.75-$4.79 billion, or growth of 13.5-14.5% (13.3-14.3% in constant currency). •Full year 2021 revenue is expected to be approximately $18.5 billion, or growth of 11.1% ( 9.8% in constant currency). •Full year 2021 Adjusted Operating Margin2 is expected to be approximately 15.4%.2 •Full year 2021 Adjusted Diluted EPS2 is expected to be in the range of $4.02-$4.06.
Positive Outlook
- Fourth quarter revenue is expected to be $4.75-$4.79 billion, or growth of 13.5-14.5% (13.3-14.3% in constant currency).
- Full year 2021 revenue is expected to be approximately $18.5 billion, or growth of 11.1% ( 9.8% in constant currency).
- Full year 2021 Adjusted Operating Margin is expected to be approximately 15.4%.
- Full year 2021 Adjusted Diluted EPS is expected to be in the range of $4.02-$4.06.
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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