Cognizant Technology Solutions (NASDAQ:CTSH) Full Year 2024 Results

Key Financial Results

• Revenue: US$19.7b (up 2.0% from FY 2023).
• Net income: US$2.24b (up 5.4% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: US$4.52 (up from US$4.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cognizant Technology Solutions Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Health Sciences segment contributing a total revenue of US$5.93b (30% of total revenue). Notably, cost of sales worth US$13.0b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$3.22b (71% of total expenses). Explore how CTSH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US.

The company's shares are up 5.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Cognizant Technology Solutions' balance sheet health.

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