Cognizant Technology Solutions: Solid  Investment in AI and Automation Technologies

Cognizant Technology Solutions reported its fourth-quarter 2023 results during the earnings conference call. The company’s Q4 revenue stood at $4.8 billion, aligning with the guidance range provided in the last quarter, despite ongoing macroeconomic pressures. However, this represented a year-over-year decrease of 1.7%. For the full year, the revenue of $19.4 billion dipped slightly from the previous year, complying with the guidance set during the Q3 call. The company’s adjusted operating margin was 16.1% in Q4, primarily driven by savings from the next-gen cost management program and improved execution on operational efficiencies.