Cognizant (CTSH) Q4 Earnings Beat Estimates, Revenues Down Y/Y
Cognizant(CTSH) Zacks Investment Research·2024-02-07 23:26
Cognizant Technology Solutions (CTSH) reported fourth-quarter 2023 non-GAAP earnings 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 li ...