secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0001058290-23-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant names ex-Infosys President Ravi Kumar S CEO; updates 2022 guidance
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- Ravi Kumar S appointed CEO and Board member effective Jan. 12, 2023, replacing Brian Humphries.
- Q4 2022 revenue expected ~$4.8B (1.3% YoY growth, 4.1% constant currency); FY revenue ~$19.4B (5.0% YoY).
- Full-year 2022 Adj. Operating Margin now ~15.3% (down from 15.6% prior); Adj. Diluted EPS ~$4.38-$4.40 vs $4.43-$4.46 prior.
- Impairment of ~$0.08 EPS from capitalized costs on a Health Sciences contract due to lower volumes.
- Stephen J. Rohleder elected Chair of the Board; Michael Patsalos-Fox remains as independent director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000008/0001058290-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000008/ctsh-20230109.htm
  HTML page:      https://secwatch.observer/filing/0001058290-23-000008

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