earnings
confidence high
sentiment positive
materiality 0.75
Cognizant Q2 revenue $4.9B (+7% YoY), Adj EPS $1.14; FY22 rev guidance 6.3%-7.3%
COGNIZANT TECHNOLOGY SOLUTIONS CORP
2022-Q2 EPS reported
$2.18
revenue$9,732,000,000
- Revenue $4.9B, up 7.0% YoY (9.5% CC); operating margin 15.5% (+30 bps).
- GAAP diluted EPS $1.11; adjusted diluted EPS $1.14, vs $0.97/$0.99 prior year.
- FY2022 revenue growth guidance: reported 6.3%-7.3%, constant currency 8.5%-9.5%.
- Over $1.0B returned via buybacks and dividends YTD; operating cash flow $528M, free cash flow $485M.
- Digital revenue up ~13% YoY, now 50% of total; CMT segment grew 16.1% (19.5% CC).