TEANECK, N.J. - Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported fourth-quarter results that beat analyst earnings expectations, while providing a mixed outlook for 2025.
The IT services company posted adjusted earnings per share of $1.21 for Q4, surpassing the analyst consensus of $1.12. Revenue came in at $5.08 billion, in line with estimates and up 6.8% YoY or 6.7% in constant currency.
"I am deeply grateful to our employees for their commitment to our strategic priorities and rigorous execution, which drove fourth quarter revenue growth to the high end of our guidance range," said CEO Ravi Kumar S.
For the first quarter of 2025, Cognizant expects revenue between $5.0 billion and $5.1 billion, representing growth of 5.6% to 7.1% YoY. The midpoint of this range is slightly below the $5.07 billion analyst consensus.
Looking ahead to full-year 2025, the company forecasts revenue of $20.3 billion to $20.8 billion, implying growth of 2.6% to 5.1%. This outlook falls short of the $20.86 billion analysts were expecting. However, Cognizant’s adjusted EPS guidance of $4.90 to $5.06 brackets the $4.96 consensus estimate.
The company ended 2024 with bookings of $27.1 billion on a trailing 12-month basis, up 3% YoY. Fourth quarter bookings increased 11% YoY.
Cognizant also announced a 3% increase to its quarterly cash dividend, raising it to $0.31 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.