secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001058290-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant guides Q1 revenue down 1.5-2.5%; Q4 EPS $1.02 vs $1.10; $59M impairment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/0001058290-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000019/ctsh-20230127.htm
  HTML page:      https://secwatch.observer/filing/0001058290-23-000019

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