Cognizant (CTSH) Q4 Earnings Beat Estimates, Revenues Down Y/Y
CTSHCognizant(CTSH) Zacks Investment Research·2024-02-07 23:26

Cognizant Technology Solutions (CTSH) reported fourth-quarter 2023 non-GAAP earnings of $1.18 per share, which beat the Zacks Consensus Estimate by 13.46% and increased 16.8% year over year.Revenues of $4.76 billion lagged the consensus mark by 0.08%. The top line decreased 1.7% year over year and 2.4% at constant currency (cc). Acquisitions contributed 90 basis points (bps) to top-line growth.Cognizant’s fourth-quarter results suffered from a challenging macroeconomic environment, cautious clients and limi ...