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Dec 31, 2020
Cognizant Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results.
Key Takeaways
Cognizant reported Q4 revenue of $4.2 billion and full-year revenue of $16.7 billion. The company's Q4 results were impacted by the anticipated exit from a customer engagement and the exit from certain content services. The company provided 2021 revenue growth guidance of 5.5% to 8.5%.
Q4 and full-year revenue of $4.2 billion and $16.7 billion, respectively, included the impact of the anticipated exit from a customer engagement and the exit from certain content services
Full year operating cash flow of $3.3 billion and free cash flow of $2.9 billion
2021 revenue growth guidance of 5.5% to 8.5% or 4.0% to 7.0% in constant currency
Quarterly dividend increased to $0.24 per share
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is providing the following guidance: • First quarter revenue expected to be $4.34-$4.38 billion, or growth of 2.8-3.8% (1.0-2.0% in CC). This assumes an estimated positive 180 basis points foreign exchange impact and a negative 85 basis points impact from the exit of certain content services • Full year 2021 revenue expected to be $17.6-$18.1 billion, or growth of 5.5-8.5% (4.0-7.0% in CC). This assumes an estimated positive 150 basis points foreign exchange impact and a negative 30 basis points impact from the exit of certain content services • Full year 2021 Adjusted Operating Margin 15.2-16.2% • Full year 2021 Adjusted Diluted EPS expected to be in the range of $3.90-$4.02
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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