An earnings supplement will also be available on the Cognizant website at the time of the conference call.įor those who cannot access the live broadcast, a replay will be available. The conference call will also be available live on the Investor Relations section of the Cognizant website at. To listen to the conference call, please dial (877) 810-9510 (domestic) or +1 (201) 493-6778 (international) and provide the following conference passcode: " Cognizant Call." (Eastern) to discuss the Company's second quarter 2022 results. Full-year 2022 Adjusted Diluted EPS 3 is expected to be in the range of $4.51- $4.57.Ĭognizant will host a conference call on July 27, 2022, at 5:00 p.m.Full-year 2022 Adjusted Operating Margin 3 is expected to expand 20 basis points to 30 basis points to 15.6% - 15.7%.Third quarter revenue is expected to be $4.98- $5.03 billion, or growth of 5.0%-6.0% (7.5%-8.5% in constant currency).The Company provided the following guidance:
#COGNIZANT QVIEW FULL#
"We now expect to return approximately $1.8 billion to shareholders through share repurchases and dividends for the full year, which reflects the strength of our balance sheet and our near-term acquisition outlook." While quarterly bookings performance was below our expectations, our 1.2x book-to-bill supports our revenue growth outlook for 2022," said Jan Siegmund, Chief Financial Officer. "During the quarter, we maintained a disciplined approach on pricing, while managing supply constraints and labor cost inflationary pressure. This dividend is payable on August 30, 2022.
On July 26, 2022, the Company declared a quarterly cash dividend of $0.27 per share for shareholders of record on August 19, 2022. As of June 30, 2022, there was $1.4 billion remaining under the share repurchase authorization. The Company repurchased 4.2 million shares for $300 million during the second quarter and 9.2 million shares for $744 million year-to-date under its share repurchase program. This resulted in trailing 12-month bookings of $23.2 billion, which represented a book-to-bill of approximately 1.2x. Segment growth includes the benefit of acquisitions closed in Q2 2021.Ĭommunications, Media and Technology revenue grew 16.1% year-over-year, or 19.5% in constant currency, driven by strength among digital native companies. Products and Resources revenue grew 8.1% year-over-year, or 11.6% in constant currency, driven in part by strength among automotive, logistics, retail and consumer goods clients.
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Growth was driven by digital services among pharmaceutical clients and sustained demand for integrated software solutions among our healthcare clients. Health Sciences 2 revenue grew 6.3% year-over-year, or 7.6% in constant currency.
The sale of the Samlink subsidiary, which closed on February 1, 2022, negatively impacted segment revenue growth by approximately 190 basis points. regional banking clients, strength in the United Kingdom and solid performance within insurance. Second Quarter 2022 Performance by Business Segmentįinancial Services revenue grew 2.7% year-over-year, or 5.1% in constant currency, driven by growth in U.S. Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer Learn More
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