CTSH Q1 2024 Earnings — Cognizant Technology Solutions Corporation Revenue & Financial Results | Market Cap Arena

CTSHCognizant Technology Solutions Corporation

$31B

Q1 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$4.8B-1.1% YoY

Gross Profit

$1.6B33.9% margin

Operating Income

$695M14.6% margin

Net Income

$546M11.5% margin

EPS (Diluted)

$1.10

QoQ Revenue Growth

+0.0%

Cash Flow

Operating Cash Flow

$95M

Free Cash Flow

$16M

Stock-Based Comp.

$42M

Balance Sheet

Total Assets

$18.4B

Total Liabilities

$4.9B

Stockholders' Equity

$13.5B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.8B	$4.8B	-1.1%
Gross Profit	$1.6B	$1.7B	-3.3%
Operating Income	$695M	$702M	-1.0%
Net Income	$546M	$580M	-5.9%

Revenue Segments

Healthcare Segment

$1.4B30%

Financial Services

$1.4B29%

Products and Resources

$1.1B24%

Communication, Media and Technology

$826M17%

Geographic Segments

North America

$3.5B74%

Europe

$939M20%

Other Regions

$300M6%