---
schema_version: "secwatch.filing_event.v1"
accession: "0001058290-23-000255"
form_type: "8-K"
ticker: "CTSH"
cik: "0001058290"
company_name: "COGNIZANT TECHNOLOGY SOLUTIONS CORP"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:12:23.971758+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cognizant Q2 revenue flat, margins compress; CFO Siegmund to retire early 2024

## Summary
- Q2 revenue $4.9B, -0.4% YoY (-0.1% CC); GAAP diluted EPS $0.91 vs $1.11.
- GAAP operating margin 11.8% vs 15.5% last year; adjusted operating margin 14.2% vs 15.5%.
- Q2 bookings +17% YoY; TTM bookings record $26.4B.
- CFO Jan Siegmund to retire early 2024; will remain until successor found.
- Reaffirms FY2023 revenue growth and adjusted operating margin guidance.

## SEC filing metadata
- accession: 0001058290-23-000255
- form_type: 8-K
- ticker: CTSH
- cik: 0001058290
- company_name: COGNIZANT TECHNOLOGY SOLUTIONS CORP
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/0001058290-23-000255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/ctsh-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058290-23-000255
- JSON: https://secwatch.observer/filing/0001058290-23-000255.json
- Plain text: https://secwatch.observer/filing/0001058290-23-000255.txt

## Key facts
- Earnings Releases
  COGNIZANT TECHNOLOGY SOLUTIONS CORP reported the quarter ended June 30, 2023 results: revenue $4.9 billion, EPS $0.91. Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $4.9 billion
  - EPS: $0.91
  - Guidance: reaffirmed
  - Result: reported results
  source text: are attached to this current report on Form 8-K as Exhibits 99.1 and 99.2, respectively.* --- EX-99.1 (EX-99.1) --- COGNIZANT REPORTS SECOND QUARTER 2023 RESULTS • Revenue of $4.9 billion declined 0.4% year-over-year, declined 0.1% in constant currency 1 • Q2 bookings growth of 17% year-over-year; record trailing 12-month bookings of $26.4 billion • Year-to-date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/0001058290-23-000255-index.htm
- Executive change
  Jan Siegmund departed as Chief Financial Officer at COGNIZANT TECHNOLOGY SOLUTIONS CORP.
  - Action: retire
  - Role: Chief Financial Officer
  source text: On July 27, 2023, Jan Siegmund, Chief Financial Officer, informed the Company of his plans to retire in early 2024 to spend more time with family and friends and focus on philanthropy.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/0001058290-23-000255-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.