CTSH Q2 2023 Earnings — Cognizant Technology Solutions Corporation Revenue & Financial Results | Market Cap Arena

CTSHCognizant Technology Solutions Corporation

$31B

Q2 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$4.9B-0.4% YoY

Gross Profit

$1.7B33.9% margin

Operating Income

$577M11.8% margin

Net Income

$463M9.5% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

-$32M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$18.0B

Total Liabilities

$5.1B

Stockholders' Equity

$12.9B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.9B	$4.9B	-0.4%
Gross Profit	$1.7B	$1.8B	-7.4%
Operating Income	$577M	$760M	-24.1%
Net Income	$463M	$577M	-19.8%

Revenue Segments

Financial Services

$1.5B30%

Healthcare Segment

$1.4B29%

Products and Resources

$1.2B24%

Communication, Media and Technology

$806M16%

Geographic Segments

North America

$3.6B73%

Europe

$967M20%

Other Regions

$330M7%