Cognizant Technology

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SKU: CTSH Category:

Description

Cognizant Technology Solutions Corporation delivered a mixed result in the recent quarter, with revenues below market expectations, but it surpassed the analyst consensus regarding earnings. The company navigated economic uncertainty and focused on efficiency initiatives amid cautious client spending. Q3 revenue reached $4.9 billion, aligned with guidance, and exhibited a sequential growth of 20 basis points year-over-year. Despite headwinds, the company reported a modest 0.8% revenue growth or a slight decline of 20 basis points in constant currency. The adjusted operating margin of 15.5% surpassed expectations, attributed to savings from the next-generation program and operational discipline. Notably, Cognizant achieved a remarkable quarter in bookings growth, up approximately 9% year-over-year, culminating in a significant trailing 12-month bookings growth of $26.9 billion, marking a 16% increase. The decline in voluntary attrition and positive client feedback underscored the success of strategic initiatives, including the Synapse Initiative, aimed at empowering over 1 million individuals with advanced technology skills.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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