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Dec 31, 2019
Cognizant Q4 2019 Earnings Report
Announced fourth quarter and full year 2019 results.
Key Takeaways
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.
Quarterly revenue increased to $4.3 billion, up 3.8% from the year-ago quarter.
GAAP operating margin was 14.6% compared to 16.8% in the year-ago quarter.
Net income was $395 million compared to $648 million in the year-ago quarter.
Quarterly GAAP diluted EPS was $0.72 compared to $1.12 in the year-ago quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is providing the following guidance: ▪First quarter 2020 year-over-year revenue growth in the range of 2.8-3.8% in constant currency2 which includes our estimate of a negative 60 basis points impact from the exit of certain content services business. ▪Full year 2020 year-over-year revenue growth in the range of 2.0-4.0% in constant currency2 which includes our estimate of a negative 110 basis points impact from the exit of certain content services business. ▪Full year 2020 Adjusted Operating Margin3 expected to be in the range of 16.0-17.0%. ▪Full year 2020 Adjusted Diluted EPS3 expected to be in the range of $3.97-4.13.
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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