Cognizant Q2 revenue beats guidance; full-year organic growth outlook raised

COGNIZANT TECHNOLOGY SOLUTIONS CORP

2024-Q2 EPS reported $2.23 revenue$9,610,000,000

Revenue $4.9B, above high end of guidance; sequential CC growth 2.1%, strongest in two years.
Adjusted operating margin 15.2% (up 100 bps YoY); GAAP EPS $1.14, adjusted EPS $1.17.
Trailing 12-month bookings $26.2B, book-to-bill 1.4x; maintained large deal momentum.
FY2024 revenue guidance narrowed to -0.5% to +1.0% CC (midpoint up); Q3 guidance flat to +1.5% CC.
Announced acquisition of leading ER&D services supplier for aerospace/defense/space/marine/industrial.

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