secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001058290-22-000238
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant Q2 revenue $4.9B (+7% YoY), Adj EPS $1.14; FY22 rev guidance 6.3%-7.3%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000238/0001058290-22-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000238/ctsh-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001058290-22-000238

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer