Cognizant Technology Solutions Sees Q4 Revenue $5B-$5.1B Vs $5.09B Est. Est.; FY24 Adj EPS $4.63-$4.67 Vs $4.62 Est.; Revenue $19.7B-$19.8B Vs $19.65B Est.
Cognizant Technology Solutions Corporation Class A +0.41%
Cognizant Technology Solutions Corporation Class A CTSH | 82.08 | +0.41% |
Fourth Quarter and Full-Year 2024 Guidance2
(all growth rates year-over-year)
- Fourth quarter revenue is expected to be $5.0 - $5.1 billion, growth of 5.1% to 7.1%, or an increase of 4.8% to 6.8% in constant currency.
- Full-year 2024 revenue is expected to be $19.7 - $19.8 billion, growth of 1.6% to 2.1% or an increase of 1.4% to 1.9% in constant currency basis. This assumes approximately 200 basis points of inorganic contribution.
- Full-year 2024 Adjusted Operating Margin3 is expected to be approximately 15.1%, flat year-over-year.
- Full-year 2024 Adjusted Diluted EPS3 is expected to be in the range of $4.63 to $4.67.
2 Guidance as of October 30, 2024 | |||||||||
3 A full reconciliation of Adjusted Operating Margin and Adjusted Diluted EPS guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and a partial reconciliation at the end of this release. |