earnings
confidence high
sentiment positive
materiality 0.70
Cognizant Q1 revenue $4.8B (+9.7% YoY); digital +20%; FY22 guidance 7.2-9.2% growth
COGNIZANT TECHNOLOGY SOLUTIONS CORP
2022-Q1 EPS reported
$1.07
revenue$4,826,000,000
- Revenue $4.8B, +9.7% YoY (10.9% constant currency); digital revenue +20% YoY, now 50% of total revenue.
- GAAP diluted EPS $1.07 vs $0.95; adjusted diluted EPS $1.08 vs $0.97; operating margin 15.0% (down 20 bps).
- Full-year 2022 guidance: reported revenue growth 7.2-9.2%, constant currency 9.0-11.0%.
- Segment: Products & Resources +13.2% CC led; Financial Services +4.8% (impacted by Samlink sale), Healthcare +8.1% CC.
- Operating cash flow $306M, free cash flow $186M; returned $617M via dividends ($0.27/share) and share repurchases.