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Cognizant Announces Q2 2022 Revenues Up 7.0% (Up 9.5% in CC) to $4,906m

Financial Results

by

published on Jul 28, 2022

Cognizant has announced results for Q2 2022:

  • Revenues were $4,906m, up 7.0% y/y, up 9.5% in CC
  • EBIT was $760m, a margin of 15.5%, up 32 bps y/y
  • Adjusted income from operations was $760m, a margin of 15.5%, up 32 bps y/y

Q2 2022 revenue breakdown by vertical (and y/y growth as reported and in CC) was:

  • Financial services: $1,542m (+2.7%, +5.1% in CC)
  • Healthcare: $1,408m (+6.3%, +7.6% in CC)
  • Products & Resources: $1,140m (+8.1%, +11.6% in CC)
  • Comms, Media and Technology: $816m (+16.1%, +19.5% in CC)

Q2 2022 revenue breakdown by geography (and y/y growth as reported and in CC) was:

  • North America: $3,656m (+8.4%, +8.% in CC)
  • Europe: $903m (+2.0%, +12.6% in CC), of which
    • U.K: $458m (+13.6%, +24.7% in CC)
    • Rest of Europe: $445m (-7.7%, +2.5% in CC)
  • Rest of the World: $347m (+5.8%, +9.5% in CC).

Quarter-end headcount was 341.3k, a increase during the quarter of ~9.0k.

VendorCognizant Technology Solutions
Initial currency type (specify local currency used)US$
Period Ending2022-06-30
Growth7
Revenues ((m) in local currency4906
Revenues (in $m at that date)4906

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