secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001058290-24-000115
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant Q1 revenue $4.76B (down 1.1% YoY) beats high-end guidance; margin expands 50bps
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- GAAP diluted EPS $1.10; adjusted diluted EPS $1.12, up from $1.11 YoY.
- Reported revenue down 1.1% YoY; constant currency down 1.2% but above high-end of guidance.
- Adjusted operating margin 15.1%, up 50 bps YoY; FY 2024 margin guidance unchanged at 15.3-15.5%.
- Signed eight deals each with total contract value over $100M; trailing 12-month bookings $25.9B (book-to-bill 1.3x).
- Returned $284M to shareholders via buybacks ($133M) and dividends ($151M); completed Thirdera acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829024000115/0001058290-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829024000115/ctsh-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001058290-24-000115

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