Cognizant FY23 revenue down 0.4% to $19.4B; bookings up 9% to $26.3B; dividend raised 3%

COGNIZANT TECHNOLOGY SOLUTIONS CORP

2023-FY EPS reported $4.21 revenue$19,353,000,000

FY23 revenue $19.4B (-0.4% YoY); Q4 revenue $4.758B (-1.7% YoY); within guided range.
FY23 adjusted operating margin 15.1% (40bps above guidance); Q4 adjusted margin 16.1%.
FY23 bookings $26.3B (+9% YoY) driven by new clients and large deals.
Cash dividend increased 3% to $0.30/share for Q1 2024.
FY24 guidance: constant currency revenue growth (2%) to 2%; adjusted margin 15.3-15.5%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COGNIZANT TECHNOLOGY SOLUTIONS CORP reported quarter and year ended December 31, 2023 results: revenue $4,758.

Period: quarter and year ended December 31, 2023
Revenue: $4,758
Result: reported results

Exact text from the filing

their businesses to prepare for the future as they navigate ongoing macro-economic pressures." $ in millions, except per share data Q4 2023 Q4 2022 FY 2023 FY 2022 Revenue $4,758 $4,839 $19,353 $19,428 Y/Y Change (1.7 %) 1.3% (0.4 %) 5.0% Y/Y Change CC 1 (2.4 %) 4.1 % (0.3 %) 7.5 % GAAP Operating Margin 15.2 % 14.2 % 13.9 % 15.3 % Adjusted Operating Margin

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

COGNIZANT TECHNOLOGY SOLUTIONS CORP filing history →

Source: SEC EDGAR

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