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Dec 31, 2022

Cognizant Q4 2022 Earnings Report

Announced fourth quarter and full-year 2022 financial results.

Key Takeaways

Cognizant's Q4 revenue reached $4.8 billion, marking a 1.3% year-over-year increase, or 4.1% in constant currency. Full-year revenue was $19.4 billion, a 5.0% increase year-over-year, or 7.5% in constant currency. Bookings in the fourth quarter grew 12% year-over-year.

Q4 revenue of $4.8 billion grew 1.3% year-over-year, or 4.1% in constant currency.

Full-year revenue of $19.4 billion grew 5.0% year-over-year, or 7.5% in constant currency

Bookings in the fourth quarter grew 12% year-over-year.

Total headcount at the end of the fourth quarter was 355,300, an increase of 5,900 from Q3 2022 and an increase of 24,700 from Q4 2021.

Total Revenue
$4.84B
Previous year: $4.78B
+1.3%
EPS
$1.01
Previous year: $1.1
-8.2%
Gross Profit
$1.69B
Previous year: $1.75B
-3.4%
Cash and Equivalents
$2.19B
Previous year: $1.79B
+22.3%
Free Cash Flow
$612M
Previous year: $760M
-19.5%
Total Assets
$17.9B
Previous year: $17.9B
+0.0%

Cognizant

Cognizant

Cognizant Revenue by Segment

Cognizant Revenue by Geographic Location

Forward Guidance

First quarter revenue is expected to be $4.71-$4.76 billion, a decline of 1.5% to 2.5%, or a decline of 1.0% to flat in constant currency.

Revenue & Expenses

Visualization of income flow from segment revenue to net income