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

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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.

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Source: SEC EDGAR

accession 0001058290-23-000329

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