Alliance will focus on providing advanced AI and automation technologies to enhance efficiency for enterprises building out their operations in the region     RIYADH, Saudi Arabia, Feb. 10, 2025 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today a three-year strategic partnership with Upsource by Solutions, a distinguished business process outsourcing (BPO) company in Saudi Arabia. This collaboration brings Upsource by Solutions local expertise alongside Cognizant's global reach to enhance operational ...

Group 1 - Cognizant and KBC Group have renewed their partnership agreement, extending it until 2027, focusing on IT services to support KBC's business transformation [1][2] - The collaboration has lasted over 11 years, characterized by mutual trust and a commitment to quality, stability, and cost-effectiveness [3][4] - KBC Group is a leading financial group in Europe, primarily serving retail clients, SMEs, and local midcaps, with significant positions in Belgium, Czech Republic, Bulgaria, Hungary, and Slovakia [5][6] Group 2 - KBC Group employs approximately 41,000 staff and serves around 13 million clients in its core markets [6] - The renewal of the agreement emphasizes the importance of innovative solutions and operational excellence in achieving KBC's organizational objectives [3][4] - Cognizant's extensive experience in IT services is expected to enhance quality and foster innovation for KBC Group [4]

Exhibit 99.3 Fourth Quarter 2024 Financial Results and Highlights February 5, 2025 © 2025 Cognizant 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 and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, ex ...

Core Viewpoint - Cognizant Technology Solutions Corporation held its Q4 2024 earnings conference call, discussing financial results and future outlook [1][2]. Group 1: Earnings Results - The company released its earnings results for Q4 and the full year 2024, which are available on its website [3]. - Key executives participating in the call include Ravi Kumar, CEO, and Jatin Dalal, CFO [3]. Group 2: Forward-Looking Statements - The call included forward-looking statements that are subject to risks and uncertainties, as outlined in the company's earnings release and SEC filings [4]. - Non-GAAP financial measures were referenced, with reconciliations to GAAP measures available in the earnings release and SEC filings [5].

Financial Data and Key Metrics Changes - Fourth quarter revenue was $5.1 billion, up 6.7% year-over-year in constant currency, marking a high point for year-over-year revenue growth [19][37] - Full year revenue reached $19.7 billion, increasing 1.9% year-over-year in constant currency [38] - Adjusted operating margin improved sequentially to 15.7%, with full-year performance exceeding expectations at 15.3%, representing a 20 basis points year-over-year expansion [22][39] Business Line Data and Key Metrics Changes - Health Sciences segment led with over 10% revenue growth, driven by strong performance in TriZetto, a software platform for healthcare claims processing [20][21] - Financial Services segment grew approximately 3%, supported by increased demand for cloud, data, and modernization services [38][41] - Products & Resources segment growth was driven by Belcan, despite facing pressure from cautious discretionary spending across various end markets [42] Market Data and Key Metrics Changes - North America saw growth of more than 8% year-over-year, supported by Health Sciences, Belcan, and banking and financial services [45] - Europe grew by about 1% year-over-year, with strength in Health Sciences and Financial Services offset by softness in Products and Resources [45] - The rest of the world increased about 4% year-over-year, reflecting solid growth across most segments [45] Company Strategy and Development Direction - The company aims to return to top-quartile revenue growth while steadily expanding margins over time, focusing on strategic priorities such as accelerating growth, becoming an employer of choice, and modernizing operations [8][35] - Significant advancements were made in AI capabilities, with the introduction of several AI-powered platforms and strategic acquisitions to enhance service offerings [10][11] - The company is positioning itself as a trusted transformation partner, particularly in establishing Global Capability Centers (GCCs) to enhance operational efficiency for clients [27][134] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, noting a return of discretionary spending and improved visibility into future growth [78][125] - The company anticipates continued momentum in large deal signings and bookings, with a strong pipeline of opportunities across various sectors [62][70] - The outlook for 2025 includes expected revenue growth of 2.6% to 5.1%, with contributions from recent acquisitions and a focus on AI and automation to drive productivity [52][54] Other Important Information - The company completed its NextGen program, which contributed to improved operational efficiency and margin performance [16][39] - Free cash flow for the fourth quarter was $837 million, bringing the full year total to $1.8 billion, representing 82% of net income [49][50] - The company plans to return approximately $1.2 billion to shareholders in 2025, balancing capital return with investments in growth [58][59] Q&A Session Summary Question: Thoughts on bookings momentum and large deals - Management noted strong momentum in large deals, with 29 deals over $100 million signed in 2024 compared to 17 in 2023, indicating a sustainable rhythm for future bookings [62][63] Question: Growth outlook across different industries - Management highlighted broad-based growth across healthcare, financial services, and products/resources, with optimism for continued momentum in 2025 [70][72] Question: Organic growth guidance and discretionary spending - Management indicated that the guidance reflects conservatism due to visibility into the second half of the year, but expressed optimism about discretionary spending returning [78][79] Question: Investment in AI and its impact - Management emphasized the importance of AI in driving productivity and innovation, with numerous projects underway to leverage AI capabilities [82][86] Question: Sustainability of proprietary AI solutions - Management discussed the evolving role of system integrators and the potential for proprietary solutions to address gaps in existing software, ensuring sustainability [94][96] Question: Contribution of Belcan to growth - Management confirmed that Belcan is expected to contribute approximately 250 basis points to growth in 2025, with no additional inorganic contributions factored in [121] Question: Client budget and decision-making environment - Management characterized the current environment as pro-business, with expectations of increased discretionary spending and a focus on innovation [125][128]

For the quarter ended December 2024, Cognizant (CTSH) reported revenue of $5.08 billion, up 6.8% over the same period last year. EPS came in at $1.21, compared to $1.18 in the year-ago quarter.The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $5.06 billion. With the consensus EPS estimate being $1.12, the EPS surprise was +8.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Cognizant (CTSH) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.04%. A quarter ago, it was expected that this information technology consulting and outsourcing firm would post earnings of $1.14 per share when it actually produced earnings of $1.25, delivering a surprise of 9.65%.Ov ...

Cognizant Technology Solutions experienced a robust fourth quarter, surpassing both analyst estimates and its management's guidance.Cognizant Technology Solutions (CTSH 0.07%), a professional services company specializing in consulting and outsourcing, delivered its Q4 2024 results on Feb. 5, 2025. The earnings report revealed notable beats in both revenue and adjusted EPS. Revenue came in at $5.1 billion, surpassing the expected $5.07 billion. Adjusted EPS reached $1.21, exceeding predictions by $0.09. Ove ...

Cognizant Reports Fourth Quarter and Full-Year 2024 Results TEANECK, N.J., February 5, 2025 - Cognizant (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its fourth quarter and full-year 2024 financial results. Exhibit 99.1 Constant currency ("CC") revenue growth, Adjusted Operating Margin, Adjusted Diluted Earnings Per Share ("Adjusted Diluted EPS") and free cash flow are not measures of financial performance prepared in accordance with GAAP. A full reconciliation ...

Fourth quarter revenue of $5.1 billion increased 6.8% year-over-year or 6.7% in constant currency1, at the high end of our guidance range Full-year revenue of $19.7 billion increased 2.0% year-over-year or 1.9% in constant currency Full-year operating margin of 14.7% increased 80 basis points year-over-year; Adjusted Operating Margin1 of 15.3% increased 20 basis points year-over-year Trailing 12-month bookings of $27.1 billion, up 3% year-over-year, driven by 11% year-over-year fourth quarter bookings grow ...