Core Viewpoint - Cognizant Technology Solutions reported mixed financial results for Q2 2024, with earnings beating estimates but revenues declining year-over-year, indicating challenges in certain segments and regions [2][3][4]. Financial Performance - Non-GAAP earnings were $1.17 per share, exceeding the Zacks Consensus Estimate by 4.46% and increasing 6.4% year-over-year [2]. - Revenues totaled $4.85 billion, surpassing consensus by 0.91%, but decreased 0.7% year-over-year and 0.5% at constant currency [2]. - Bookings rose 5% year-over-year to $26.2 billion, with a book-to-bill ratio of approximately 1.4 times [2]. Segment Performance - Financial Services revenues (29.9% of total) fell 1.1% year-over-year to $1.447 billion due to a challenging demand environment [3]. - Health Sciences revenues (30.1% of total) increased 1.5% year-over-year to $1.461 billion, driven by strong demand in data and cloud modernization [3]. - Products and Resources revenues (23.2% of total) declined 4.3% year-over-year to $1.12 billion [3]. - Communications, Media and Technology revenues (16.8% of total) rose 1.2% year-over-year to $816 million, benefiting from new acquisitions [3]. Regional Performance - North America revenues increased 0.9% year-over-year, contributing 74.6% to total revenues [3]. - Europe revenues fell 5.5% year-over-year, contributing 18.9% to total revenues, with the U.K. declining 6.1% [4]. - Revenues from the Rest of the World decreased 4.2% year-over-year, contributing 6.5% to total revenues [4]. Operating Metrics - Selling, general & administrative expenses as a percentage of revenues decreased by 90 basis points year-over-year to 16.1% [5]. - GAAP operating margin improved by 280 basis points year-over-year to 14.6% [5][6]. - Non-GAAP operating margin, adjusted for NextGen charges, expanded 100 basis points year-over-year to 15.2% [6]. Balance Sheet - Cash and short-term investments stood at $2.2 billion as of June 30, 2024, slightly down from $2.24 billion [7]. - Total debt decreased to $623 million from $631 million [7]. - Generated $262 million in cash from operations, up from $95 million in the previous quarter [7]. Guidance - For Q3 2024, revenues are expected between $4.89 billion and $4.96 billion, indicating a potential decline of 0.2% to an increase of 1.3% [8]. - Full-year 2024 revenue guidance is set at $19.3-$19.5 billion, reflecting a decline of 0.5% to growth of 1% [8]. - Adjusted operating margin for 2024 is anticipated to be between 15.3% and 15.5% [8]. Market Position - Cognizant has a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [11]. - The stock has a poor Growth Score of F and a momentum score of F, but a value score of B, placing it in the top 40% for value investment strategy [10].

TROY, Mich., Aug. 26, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Cognizant Technology Solutions Corp. (NASDAQ: CTSH) as its "Stock to Study" and Brown-Forman Corp. (NYSE: BFB) as its "Undervalued Stock" in the November 2024 issue for investors' informational and educational use.Over fifty years ago, the founding father of the National Association of Investors (NAIC), George A. Nicholson Jr. CFA, said the following, which still ring ...

Have you been paying attention to shares of Cognizant (CTSH) ? Shares have been on the move with the stock up 11.7% over the past month. The stock hit a new 52-week high of $80.27 in the previous session. Cognizant has gained 1% since the start of the year compared to the 18.2% move for the Zacks Computer and Technology sector and the 9.2% return for the Zacks Business - Software Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn ...

Cognizant Technology Solutions (CTSH) reported non-GAAP earnings of $1.17 per share in second-quarter 2024, which beat the Zacks Consensus Estimate by 4.46% and increased 6.4% year over year.Revenues of $4.85 billion beat the consensus mark by 0.91%. The top line dropped 0.7% year over year and 0.5% at constant currency (cc). Acquisitions contributed 60 basis points (bps) to top-line growth.On a trailing twelve-month basis, bookings increased 5% year over year to $26.2 billion, which represented a book-to-b ...

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Tyler Scott - Vice President, Investor Relations Ravi Kumar - Chief Executive Officer Jatin Dalal - Chief Financial Officer Conference Call Participants Jim Schneider - Goldman Sachs Bryan Bergin - Cowen Jonathan Lee - Guggenheim Partners Rod Bourgeois - DeepDive Equity Research James Faucette - Morgan Stanley Tien-Tsin Huang - JPMorgan Dan Dolev - Mizuho Operator Ladies an ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 0-24429 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 13-3728359 (St ...

| --- | --- | |----------------------------------|--------------| | | | | | Exhibit 99.3 | | | | | Second Quarter 2024 | | | Financial Results and Highlights | | | July 31, 2024 | | | © 2024 Cognizant | | © 2024 Cognizant 1 Forward-looking statements This earnings supplement includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties ...

Exhibit 99.1 Cognizant Reports Second Quarter 2024 Results • Revenue of $4.9 billion, above the high end of our guidance range; sequentially increased 1.9%, or 2.1% in constant currency • Operating margin of 14.6%, up from 11.8% in the second quarter of 2023, and Adjusted Operating Margin of 15.2%, which expanded 100 basis points year-over-year • Trailing 12-month bookings of $26.2 billion; book-to-bill of 1.4x • Third quarter of 2024 revenue guidance of flat to 1.5% year-over-year growth in constant curren ...

-          77% of global companies surveyed want to grow revenues through AI-          Survey reveals that companies' average AI investment planned this year is nearly $50M-          Enterprises are cautious about scaling AI, with only 26% having implemented cross-enterprise use casesTEANECK, N.J., July 30, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has released a companion analysis to its comprehensive 2023 study with Oxford Economics, and the new report - titled "New Work, New World: Quantifying Global ...

Cognizant Technology Solutions (CTSH) is scheduled to report its second-quarter 2024 results on Jul 31.CTSH expects second-quarter 2024 revenues to be between $4.75 billion and $4.82 billion, indicating a decline of 2.9% to 1.4%. Acquisitions are expected to have contributed 100 bps.The Zacks Consensus Estimate for second-quarter revenues is pegged at $4.81 billion, indicating a year-over-year decline of 1.63%.The consensus mark for earnings is pegged at $1.12 per share, unchanged in the past 30 days. Cogni ...