Cognizant Technology Solutions Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

February 15, 2025

Cognizant Technology Solutions (NASDAQ:CTSH) Full Year 2024 Results

Key Financial Results

Revenue: US$19.7b (up 2.0% from FY 2023).
Net income: US$2.24b (up 5.4% from FY 2023).
Profit margin: 11% (in line with FY 2023).
EPS: US$4.52 (up from US$4.21 in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:CTSH Revenue and Expenses Breakdown February 15th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cognizant Technology Solutions Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Health Sciences segment contributing a total revenue of US$5.93b (30% of total revenue). Notably, cost of sales worth US$13.0b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$3.22b (71% of total expenses). Explore how CTSH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 5.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Cognizant Technology Solutions' balance sheet health.

The New Payments ETF Is Live on NASDAQ:

Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.

Explore how this launch could reshape portfolios

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.