{"schema_version":"secwatch.filing_event.v1","accession":"0001058290-23-000019","form_type":"8-K","ticker":"CTSH","cik":"0001058290","company_name":"COGNIZANT TECHNOLOGY SOLUTIONS CORP","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.690367+00:00","generated_at":"2026-06-20T01:45:56.852128+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cognizant guides Q1 revenue down 1.5-2.5%; Q4 EPS $1.02 vs $1.10; $59M impairment","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001058290-23-000019","json":"https://secwatch.observer/filing/0001058290-23-000019.json","markdown":"https://secwatch.observer/filing/0001058290-23-000019.md","text":"https://secwatch.observer/filing/0001058290-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/ctsh-20230127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T01:45:56.852128+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"457ccd006d127ab46e36345ce400fec52ca2e3b3","claim":"COGNIZANT TECHNOLOGY SOLUTIONS CORP reported quarter ended December 31, 2022 results: revenue $4.8 billion, EPS GAAP Diluted EPS $1.02. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2022"},{"label":"Revenue","value":"$4.8 billion"},{"label":"EPS","value":"GAAP Diluted EPS $1.02"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f2a28092b5202086839049f83f5812dfc1ea89c0","claim":"COGNIZANT TECHNOLOGY SOLUTIONS CORP reported FY 2022 results: revenue $19.4 billion, EPS GAAP Diluted EPS $4.41. Guidance initiated.","evidence_excerpt":"--- 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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2022"},{"label":"Revenue","value":"$19.4 billion"},{"label":"EPS","value":"GAAP Diluted EPS $4.41"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5d695f73ba","claim":"Eric Branderiz was appointed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.","evidence_excerpt":"appointed Eric Branderiz to the Board, effective February 21, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ec04d29bee","claim":"Maureen Breakiron-Evans departed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not standing for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}