secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001058290-22-000320
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant Q3 revenue $4.9B, +2.4% YoY; trims FY22 guidance to 4.5% growth
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- Revenue $4.9B, up 2.4% YoY (5.6% constant currency), below expectations.
- GAAP diluted EPS $1.22 (+18% YoY); adjusted diluted EPS $1.17 (+10% YoY).
- FY22 revenue growth guidance cut to 4.5% reported (7.0% constant currency).
- Board approved $2B increase to share repurchase authorization; YTD returned over $1.5B.
- Digital revenue 51% of total, up ~7% YoY (~11% constant currency).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000320/0001058290-22-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829022000320/ctsh-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001058290-22-000320

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