Cognizant has announced results for Q1 2021:

• Revenues were $4,401m, up 4.2% y/y, up 2.4% in CC
• EBIT was $669m, a margin of 15.2%, up 150 bps y/y
• Adjusted income from operations was $669m, a margin of 15.2%, up 5 bps y/y.

Q1 2021 revenue breakdown by vertical (and y/y growth as reported and in CC) was:

• Financial services: $1,458m (+0.5%, -1.7% in CC)
• Healthcare: $1,288m (+7.9%, +7.0% in CC)
• Products & Resources: $998m (+4.6%, +2.4% in CC)
• Comms, Media and Technology: $657m (+5.0%, +3.1% in CC)

Q1 2021 revenue breakdown by geography (and y/y growth as reported and in CC) was:

• North America: $3,283m (+2.9 %, +2.8 in CC)
• Europe: $826m (+6.7%, -0.9% in CC), of which
  • U.K: $370m (9.8%, +2.7% in CC)
  • Rest of Europe: $458m (+4.3%, -3.7% in CC)
• Rest of the World: $292m (+3.2%, 7.6% in CC).

Quarter-end headcount was 296.5k, a increase during the quarter of ~7.0k.