To listen to the replay, please dial (877) 660-6853 (domestically) or +1 (201) 612-7415 (internationally) and enter 13728473 from two hours after the end of the call until 11:59 p.m. 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 first quarter 2022 results. Full-year 2022 Adjusted Diluted EPS 2 is expected to be in the range of $4.45-$4.55.Ĭognizant will host a conference call on May 4, 2022, at 5:00 p.m.Full-year 2022 Adjusted Operating Margin 2 is expected to expand 20 to 30 basis points to 15.6% to 15.7%.Second quarter revenue is expected to be $4.90-$4.94 billion, or growth of 6.8%-7.8% (9.3%-10.3% in constant currency).The Company provided the following guidance: Second Quarter and Full Year 2022 Outlook "Our updated 2022 constant currency revenue guidance includes an improved organic revenue growth outlook and a lower inorganic contribution, reflecting a disciplined acquisition strategy." We remain focused on investing to support growth opportunities while also executing on pricing to offset the impact of compensation pressure driven by the continued labor supply-demand imbalance," said Jan Siegmund, Chief Financial Officer. "Our first quarter performance reflects strong revenue growth in our digital portfolio and a healthy demand environment. This dividend is payable on May 31, 2022. In May 2022, the Company declared a quarterly cash dividend of $0.27 per share for shareholders of record on May 20, 2022. As of March 31, 2022, there was $1.7 billion remaining under the share repurchase authorization. Q1 bookings grew 4% year-over-year, which resulted in trailing 12-month bookings of $23.4 billion, which represented a book-to-bill of approximately 1.2x.ĭuring the first quarter, the Company repurchased 5.0 million shares for $444 million at an average price of $88.22 under its share repurchase program. Growth was driven by strong client demand for digital services across all industries and included the benefit from recently completed acquisitions.Ĭommunications, Media and Technology revenue grew 18.1% year-over-year, or 19.9% in constant currency, reflecting strong demand for data services among digital native companies. Products and Resources revenue grew 13.2% year-over-year, or 14.9% in constant currency. Growth in the Healthcare segment was driven by increased demand for digital services among life sciences clients, including digitization of clinical trial processes and investments in manufacturing operations modernization. Healthcare revenue grew 8.1% year-over-year, or 8.8% in constant currency. In February 2022 the sale of the Samlink subsidiary was completed, which negatively impacted segment revenue growth by approximately 130 basis points. Growth reflects demand for digital services, partially offset by clients' continued focus on cost optimization. First Quarter 2022 Performance by Business Segmentįinancial Services revenue grew 4.8% year-over-year, or 6.0% in constant currency.
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