Cognizant Technology Solutions (NASDAQ:CTSH) Full Year 2023 Results

Key Financial Results

• Revenue: US$19.4b (flat on FY 2022).
• Net income: US$2.13b (down 7.2% from FY 2022).
• Profit margin: 11% (in line with FY 2022).
• EPS: US$4.21 (down from US$4.42 in FY 2022).

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

Cognizant Technology Solutions EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 1.1% 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.

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