secwatch.observer — SEC 8-K summary
======================================

Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001058290-23-000255
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/0001058290-23-000255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829023000255/ctsh-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001058290-23-000255

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer