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Cognizant Reports Fourth Quarter and Full-Year 2024 Results

StockNews.AI • 377 days

CTSACNIBM
High Materiality8/10

Information

Fourth quarter revenue of $5.1 billion increased 6.8% year-over-year or 6.7% in constant currency1, ...

Original source

AI Summary

CTSH's Q4 revenue was $5.1 billion, increasing 6.8% YoY. Full-year revenue for 2024 rose to $19.7 billion, a 2.0% increase. Trailing 12-month bookings reached $27.1 billion, showing a 3% YoY growth. $1.2 billion returned to shareholders through dividends and buybacks in 2024. 2025 revenue growth is expected at 3.5% to 6.0% in constant currency.

Sentiment Rationale

Strong revenue growth and shareholder returns indicate good financial health, similar to prior periods where growth led to stock appreciation.

Trading Thesis

Quarterly results often influence immediate market reactions; historical trends show quick responses to quarterly earnings.

Market-Moving

  • CTSH's Q4 revenue was $5.1 billion, increasing 6.8% YoY.
  • Full-year revenue for 2024 rose to $19.7 billion, a 2.0% increase.
  • Trailing 12-month bookings reached $27.1 billion, showing a 3% YoY growth.

Key Facts

  • CTSH's Q4 revenue was $5.1 billion, increasing 6.8% YoY.
  • Full-year revenue for 2024 rose to $19.7 billion, a 2.0% increase.
  • Trailing 12-month bookings reached $27.1 billion, showing a 3% YoY growth.
  • $1.2 billion returned to shareholders through dividends and buybacks in 2024.
  • 2025 revenue growth is expected at 3.5% to 6.0% in constant currency.

Companies Mentioned

  • CTS (CTS)
  • ACN (ACN)
  • IBM (IBM)

Earnings

The financial results and guidance can directly influence market perception and performance of CTSH stock.

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