Cognizant has announced results for Q4 and full year 2020
Q4 2020:
- Revenues were $4,184m, down 2.3% y/y, down 3.0% in CC.
- EBIT was $465m, a margin of 11.1%, down 350 bps y/y
- Adjusted income from operations was $516m, a margin of 12.4%, down 464 bps y/y
Calendar year 2020:
- Revenues were $16,6522m, down 0.8%, down 0.7% in CC
- EBIT was $2,114m, a margin of 12.7%, down 195 bps
- Adjusted income from operations was $2394m, a margin of 14.4%, down 24 bps
Q4 2020 revenue breakdown by vertical (and y/y growth as reported and in CC) was:
- Financial services: $1,305m (-11.1%, -11.4% in CC)
- Healthcare: $1,270m (+4.0%, +3.3% in CC)
- Products and Resources: $947m (-1.7%, -2.4% in CC)
- Comms, Media and Technology: $661m (+4.6%, +3.4% in CC).
Q4 2020 revenue breakdown by geography (and y/y growth as reported and in CC) was:
- North America: $3,206m (-1.1%)
- Europe: $699m (-8.7%, -12.6% in CC), of which
- U.K: $339m (+0.6%, -2.3% in CC)
- Rest of Europe: $460m (-16.1%, -12.6% in CC)
- Rest of the World: $279m (+0.7%, +1.4% in CC).
CY 2020 revenue breakdown by vertical (and actual revenue growth) was:
- Financial services: $5,621m (-4.2%, -4.0% in CC)
- Healthcare: $4,852m (+3.3%, +3.1% in CC)
- Products and Resource: $3,696m (-2.0%, -1.7% in CC)
- Comms, Media and Technology: $2,483m (+1.4%, +1.6% in CC).
CY 2020 revenue breakdown by geography (and revenue growth as reported and in CC) was:
- North America: $12,581m (-1.1%)
- Europe: $2,988m (-0.5%, -1.4% in CC), of which
- U.K.: $1,335m (+1.7%, +1.0% in CC)
- Rest of Europe: $1,653m (-2.2%, -3.3% in CC)
- Rest of the World: $1,083m (+2.8%, +6.4% in CC).
Year-end headcount was 289.5k, an increase during the quarter of ~6.4k.
Revenue guidance for:
- Q1 2020 is in the range of $4.34bn to $4.38bn, representing y/y growth of 2.8-3.8%, 1.0-2.0% in CC growth This includes an estimated negative 180 bps impact from a content services business exit
- Full year 2021 is in the range of $17.7bn - $18.45bn, a growth of 5.5-8.5%, 4.0-7.0% in CC growth, again including an estimated negative 150 bps impact from a content services business exit.
Vendor | Cognizant Technology Solutions |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2020-12-31 |
Growth | -2.3 |
Revenues ((m) in local currency | 2184 |
Revenues (in $m at that date) | 2184 |