Cognizant has announced results for Q4 and full year 2021
Q4 2021:
- Revenues were $4,777m, up 14.2% y/y, up 14.5% in CC.
- EBIT was $732m, a margin of 15.3%, up 420 bps y/y
- Adjusted income from operations was $732m, a margin of 15.3%, up 299 bps y/y
Calendar year 2021:
- Revenues were $18,507m, up 11.1%, up 10.0% in CC
- EBIT was $2,826m, a margin of 15.3%, up 260 bps
- Adjusted income from operations was $2,846m, a margin of 14.4%, down 100 bps
Q4 2021 revenue breakdown by vertical (and y/y growth as reported and in CC) was:
- Financial services: $1,547m (+18.5%, +18.8% in CC)
- Healthcare: $1,370m (+7.9%, +8.2% in CC)
- Products and Resources: $1,116m (+17.8%, +18.0% in CC)
- Comms, Media and Technology: $744m (+12.6%, +13.1% in CC).
Q4 2021 revenue breakdown by geography (and y/y growth as reported and in CC) was:
- North America: $3,495m (+9.0%)
- Europe: $936m (+33.9%, +35.5% in CC), of which
- U.K: $439m (+29.5%, +28.4% in CC)
- Rest of Europe: $492m (+36.7%, +42.2% in CC)
- Rest of the World: $346m (+24.0%, +25.7% in CC).
CY 2021 revenue breakdown by vertical (and actual revenue growth) was:
- Financial services: $6,051m (+7.6%, +6.3% in CC)
- Healthcare: $5,337m (+10.0%, +9.6% in CC)
- Products and Resource: $4,276m (+15.7%, +13.9% in CC)
- Comms, Media and Technology: $2,843m (+14.5%, +13.2% in CC).
CY 2021 revenue breakdown by geography (and revenue growth as reported and in CC) was:
- North America: $13,636m (+8.4%, +8.2% in CC)
- Europe: $3,561m (+19.2%, +14.2% in CC), of which
- U.K.: $1,642m (+23.0%, +16.6% in CC)
- Rest of Europe: $1,919m (+16.1%, +12.2% in CC)
- Rest of the World: $1,310m (+21.0%, +18.8% in CC).
Year-end headcount was 330.6k, an increase during the quarter of ~12.2k.
Revenue guidance for:
- Q1 2022 is in the range of $4.8bn to $4.84bn, representing y/y growth of 9.0-10.0%, 10.2-11.2% in CC growth
- Full year 2022 is in the range of $20.0bn - $20.5bn, a growth of 7.8-10.8%, 8.5-11.5% in CC growth.
Vendor | Cognizant Technology Solutions |
Initial currency type (specify local currency used) | US$ |
Period Ending | 2021-12-31 |
Growth | 14.2 |
Revenues ((m) in local currency | 4777 |
Revenues (in $m at that date) | 4777 |