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Cognizant Announces Q1 2022 Revenues Up 9.7% (Up 10.9% in CC) to $4,826m

Financial Results

by

published on May 05, 2022

Cognizant has announced results for Q1 2022:

  • Revenues were $4,826m, up 9.7% y/y, up 10.9% in CC
  • EBIT was $724m, a margin of 15.0%, up 20 bps y/y
  • Adjusted income from operations was $724m, a margin of 15.0%, up 20 bps y/y

Q1 2022 revenue breakdown by vertical (and y/y growth as reported and in CC) was:

  • Financial services: $1,528m (+4.8%, +6.0% in CC)
  • Healthcare: $1,392m (+8.1%, +6.6% in CC)
  • Products & Resources: $1,130m (+13.2%, +14.9% in CC)
  • Comms, Media and Technology: $776m (+16.1%, +19.9% in CC)

Q1 2022 revenue breakdown by geography (and y/y growth as reported and in CC) was:

  • North America: $3,569m (+8.7%, +8.7% in CC)
  • Europe: $912m (+10.4%, +15.6% in CC), of which
    • U.K: $453m (+22.4%, +26.4% in CC)
    • Rest of Europe: $459m (+0.7%, +6.8% in CC)
  • Rest of the World: $345m (+18.2%, 22.1% in CC).

Quarter-end headcount was 340.4k, a increase during the quarter of ~9.2k.

VendorCognizant Technology Solutions
Initial currency type (specify local currency used)US$
Period Ending2022-03-31
Growth9.7
Revenues ((m) in local currency4826
Revenues (in $m at that date)4826

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