Cognizant Q3 revenue $4.9B (+0.8% YoY); record bookings $26.9B; guidance narrowed

COGNIZANT TECHNOLOGY SOLUTIONS CORP

2023-Q3 EPS reported $3.09 revenue$14,595,000,000

Revenue $4.9B, up 0.8% YoY (down 0.2% constant currency); GAAP EPS $1.04 vs $1.22; Adjusted EPS $1.16 vs $1.17.
Record trailing 12-month bookings of $26.9B, up 16% YoY; operating cash flow $828M; free cash flow $755M.
Full-year 2023 revenue guidance narrowed to -0.7% to flat; adjusted operating margin guidance raised to ~14.7%.
Share repurchase expectation increased by $200M to $1B; voluntary attrition 16.2% (down 13 pts YoY).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COGNIZANT TECHNOLOGY SOLUTIONS CORP reported the quarter ended September 30, 2023 results: revenue $4.9 billion, EPS $1.04. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $4.9 billion
EPS: $1.04
Guidance: reaffirmed
Result: reported results

Exact text from the filing

OGNIZANT REPORTS THIRD QUARTER 2023 RESULTS • Revenue of $4.9 billion increased 0.8% year-over-year, declined 0.2% in constant currency 1 • Record trailing 12-month bookings of $26.9 billion, up 16% year-over-year • Operating cash flow of $828 million; free cash flow 1 of $755 million was ~144% of net income • Share repurchase expectation for 2023 increased by $200 million to $1 billion • Full-year 2023 revenue guidance narrowed to (0.7%) to flat, as reported and in constant currency 1 • Full-year 2023 Adjusted Operating Margin 1 guidance now ~14.7%, the high end of prior guidance TEANECK, N.J., November 1, 2023 - Cognizant (Nasdaq: CTSH), one of the world’s leading professional services companies, today announced its third quarter 2023 financial results.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

COGNIZANT TECHNOLOGY SOLUTIONS CORP filing history →

Source: SEC EDGAR

accession 0001058290-23-000329

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.