CTSH Q1 2023 Earnings — Cognizant Technology Solutions Corporation Revenue & Financial Results | Market Cap Arena

CTSHCognizant Technology Solutions Corporation

$31B

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$4.8B-0.3% YoY

Gross Profit

$1.7B34.7% margin

Operating Income

$702M14.6% margin

Net Income

$580M12.1% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$729M

Free Cash Flow

$631M

Stock-Based Comp.

$44M

Balance Sheet

Total Assets

$18.1B

Total Liabilities

$5.5B

Stockholders' Equity

$12.7B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.8B	$4.8B	-0.3%
Gross Profit	$1.7B	$1.7B	-3.5%
Operating Income	$702M	$724M	-3.0%
Net Income	$580M	$563M	+3.0%

Revenue Segments

Financial Services

$1.5B31%

Healthcare Segment

$1.4B30%

Products and Resources

$1.1B23%

Communication, Media and Technology

$785M16%

Geographic Segments

North America

$3.5B74%

Europe

$939M20%

Other Regions

$328M7%