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Cognizant Announces Q2 2021 Revenues Up 14.6% (Up 12.0% in CC) to $4,585m

Financial Results

by

published on Jul 29, 2021

Cognizant has announced results for Q2 2021:

  • Revenues were $4,585m, up 14.6% y/y, up 12.0% in CC
  • EBIT was $696m, a margin of 15.2%, up 348 bps y/y
  • Adjusted income from operations was $696m, a margin of 15.2%, up 108 bps y/y.

Q2 2021 revenue breakdown by vertical (and y/y growth as reported and in CC) was:

  • Financial services: $1,502m (+7.6%, +4.8% in CC)
  • Healthcare: $1,325m (+14.5%, +13.4% in CC)
  • Products & Resources: $1,055m (+21.7%, +17.8% in CC)
  • Comms, Media and Technology: $703m (+21.2%, +17.9% in CC)

Q2 2021 revenue breakdown by geography (and y/y growth as reported and in CC) was:

  • North America: $3,372m (+12.2 %, +11.8% in CC)
  • Europe: $885m (+20.7%, +10.2% in CC), of which
    • U.K: $403m (28.3%, +16.4% in CC)
    • Rest of Europe: $482m (+15.0%, +5.6% in CC)
  • Rest of the World: $328m (+20.7%, 19.1% in CC).

Quarter-end headcount was 301.2k, a increase during the quarter of ~4.7k.

VendorCognizant Technology Solutions
Initial currency type (specify local currency used)US$
Period Ending2021-06-30
Growth14.6
Revenues ((m) in local currency4585
Revenues (in $m at that date)4585

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