8-K
filed February 2, 2023, 6:59 PM ET
ticker CTSH
CIK 0001058290
earnings
confidence high
sentiment negative
materiality 0.85
Cognizant guides Q1 revenue down 1.5-2.5%; Q4 EPS $1.02 vs $1.10; $59M impairment
COGNIZANT TECHNOLOGY SOLUTIONS CORP
2022-FY EPS reported
$4.41
revenue$19,428,000,000
- Q4 revenue $4.8B (+1.3% YoY); FY revenue $19.4B (+5% YoY); GAAP EPS Q4 $1.02, FY $4.41; adjusted $1.01 and $4.40.
- Q1 2023 guidance: reported revenue decline 1.5% to 2.5%; constant currency decline 1.0% to flat.
- $59M impairment of capitalized costs on a Health Sciences contract; GAAP operating margin 14.2% in Q4, 15.3% for FY.
- Cash dividend raised 7% to $0.29 per share; $2.0B returned to shareholders in 2022 via buybacks and dividends.
- Board appoints Eric Branderiz (former Enphase CFO) as independent director; Maureen Breakiron-Evans not standing for re-election.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COGNIZANT TECHNOLOGY SOLUTIONS CORP reported quarter ended December 31, 2022 results: revenue $4.8 billion, EPS GAAP Diluted EPS $1.02. Guidance initiated.
- Period
- quarter ended December 31, 2022
- Revenue
- $4.8 billion
- EPS
- GAAP Diluted EPS $1.02
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
current report on Form 8-K as Exhibits 99.1 and 99.2, respectively.* --- EX-99.1 (EX-99.1) --- COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS • Q4 revenue of $4.8 billion grew 1.3% year-over-year, or 4.1% in constant currency 1 • Full-year revenue of $19.4 billion grew 5.0% year-over-year, or 7.5% in constant currency • Full-year operating cash
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COGNIZANT TECHNOLOGY SOLUTIONS CORP reported FY 2022 results: revenue $19.4 billion, EPS GAAP Diluted EPS $4.41. Guidance initiated.
- Period
- FY 2022
- Revenue
- $19.4 billion
- EPS
- GAAP Diluted EPS $4.41
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
--- COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2022 RESULTS • Q4 revenue of $4.8 billion grew 1.3% year-over-year, or 4.1% in constant currency 1 • Full-year revenue of $19.4 billion grew 5.0% year-over-year, or 7.5% in constant currency • Full-year operating cash flow of $2.6 billion and free cash flow 1 of $2.2 billion • $2.0 billion returned to
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Branderiz was appointed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Eric Branderiz to the Board, effective February 21, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Maureen Breakiron-Evans departed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.
- Action
- not standing for re-election
- Role
- Director
Exact text from the filing
Maureen Breakiron-Evans, who has been a member of the Board since 2009, informed the Company’s Board that she will not stand for re-election at the Company’s 2023 annual meeting of shareholders.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.