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.