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COGNIZANT PROFIT DECLINE
Cognizant tops estimates even as Q1 net profit dips marginally; eyes layoffsNet profit was $663 million in the same period a year earlier. However, sequentially, net profit gained by 2.1%. Despite the flat profit gr...30 Apr, 2026, 07.20 AM IST- Cognizant profit dips 2.1% on year, revenue up 6.8%Nasdaq-listed IT company Cognizant raised its annual guidance projected in the range $20.3-20.8 billion, rising 3.5% to 6.0% YoY in constan...06 Feb, 2025, 03.43 PM IST
- Cognizant Q1 revenue falls 1.1%, profit dips 6%Cognizant’s performance reflects the overall IT sector’s sentiment with domestic majors such as Tata Consultancy Services, Infosys, and Wip...02 May, 2024, 10.55 AM IST
- Cognizant defers annual hikes to employeesIT major Cognizant said a majority of its associates have seen four merit increases within three years, with the last cycle being April 1, ...05 Apr, 2024, 11.06 PM IST
- Cognizant Q4 results: revenue dips 1.7%, profit rises to $558 millionFor the full year 2023, the global IT major Cognizant posted a 0.4% YoY decline in revenue to $19.4 billion. In constant currency terms, it...07 Feb, 2024, 01.41 PM IST
- Cognizant Q3 profit falls 16.5%, narrows revenue guidanceSimilar to industry outlook owing to lower discretionary spends by clients amid macro uncertainty, the Nasdaq-listed company shrunk its fou...02 Nov, 2023, 03.02 PM IST
- Cognizant Q2 net profit down 19% YoY; company retains 2023 revenue guidanceCognizant's revenue declined 0.4% year-on-year to $4.89 billion for the three-month period ended June. It was marginally above street estim...04 Aug, 2023, 01.40 PM IST
- Cognizant Q1 net profit up 3% YoY; to lay off 3,500 employees over two yearsCognizant also announced a two-year rejig aimed at simplifying the operating model and rationalising office spaces to the tune of $400 mill...04 May, 2023, 02.59 PM IST
- Cognizant Q4 net profit down 9.6% YoY, beats annual guidance for FY22Cognizant's revenue saw an uptick, rising 1.3% on year to $4.84 billion for the three-month period. It was slightly above street estimates ...03 Feb, 2023, 09.32 AM IST
- Cognizant Q4 net profit down 9.6% YoY, beats annual guidance for FY22The company's revenue, however, saw an uptick, rising 1.3% on year to $4.84 billion for the three-month period. It was slightly above stree...03 Feb, 2023, 09.16 AM IST
- Cognizant Q3 net profit up 16%; revenue growth disappointsUS-based software exporter trims annual guidance to $19.3 billion, its third consecutive correction03 Nov, 2022, 10.16 PM IST
- Cognizant Q4 results: Net profit declines 20%The company’s full-year net profit declined by 24 per cent to $1.39 billion against $1.84 billion last year while revenue remained flat at ...04 Feb, 2021, 11.32 AM IST
- Cognizant Q2 results: Net profit declines 29%; new CFO appointedThe company’s financial services revenue, which accounts for 34.9 per cent of total revenue, decreased 5.2 per cent year-over-year due to d...30 Jul, 2020, 10.33 AM IST
- Activist fund Elliott exits Cognizant with big gainsElliott Management was the first activist hedge fund to take aim at an India heritage IT services firm and Cognizant with its US listing an...17 May, 2018, 10.37 AM IST
- Cognizant Q3 profit at $397.2 million; raises full year revenue guidance to at least $12.41 billionThe fourth quarter 2015 revenue is expected to be at least $3.23 billion and non-GAAP diluted EPS is likely to be at least $0.77, the compa...05 Nov, 2015, 03.16 AM IST
- Cognizant Q2 net at $420.1 million; raises revenue guidance to at least $3.14 billion for Q3GAAP net income was reported at $420.1 mn, or $0.68 per diluted share. Non-GAAP operating margin was 20.2%, slightly higher than the co's t...05 Aug, 2015, 06.44 PM IST
- Five reasons that helped Cognizant pip InfosysCognizant Technology beat Infosys by a whisker with a revenue of $ 1,795 mn as compared to Infosys' $ 1,752 mn in the June 2012 quarter06 Aug, 2012, 10.36 PM IST
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