Cognizant Q4 2021 Earnings Report
Key Takeaways
Cognizant's Q4 2021 results showed strong revenue growth, driven by digital services and recent acquisitions. The company's financial performance reflects its strategic focus on enhancing its digital portfolio and strengthening its international presence.
Q4 revenue reached $4.8 billion, and full-year revenue was $18.5 billion.
Digital revenue experienced substantial growth, with a 20% increase in Q4 and 19% for the full year.
Q4 bookings grew by 22% year-over-year, resulting in a full-year book-to-bill ratio of 1.2x.
The company anticipates full-year 2022 revenue growth between 7.8% and 10.8%.
Cognizant
Cognizant
Cognizant Revenue by Segment
Cognizant Revenue by Geographic Location
Forward Guidance
Cognizant provided revenue and adjusted operating margin and adjusted diluted EPS guidance for Q1 and full year 2022.
Positive Outlook
- First quarter revenue is expected to be $4.80-$4.84 billion, or growth of 9.0-10.0% (10.2-11.2% in constant currency).
- Full-year 2022 revenue is expected to be $20.0-$20.5 billion, or growth of 7.8%-10.8% (8.5%-11.5% in constant currency).
- Full-year 2022 Adjusted Operating Margin is expected to expand 20 to 30 basis points to 15.6% to 15.7%.
- Full-year 2022 Adjusted Diluted EPS is expected to be in the range of $4.46-$4.60.
Revenue & Expenses
Visualization of income flow from segment revenue to net income