Cognizant Q4 Results: Cognizant, a veteran IT service provider on Nasdaq, has achieved its revenue guidance for the fourth quarter of 2024. The company has estimated a revenue growth of 3.5% to 6% for 2025 (on constant currency), which is stronger compared to 2024 and indicates better market status. Co-Gunizant follows the January-December financial year.
The company’s net income rose by 2.1 per cent to $ 558 million, while it was $ 546 million in the same quarter of 2023. Whereas the previous quarter was 4.1 percent less than this.
The company’s CEO Ravi Kumar S says, “I am very grateful to our strategic priorities towards my employees and his commitment to better execution, which brought revenue growth to our upper guidance range in the fourth quarter. We finished the year with Momentum. During the year the company made a record 29 big deal.
In the fourth quarter, bookings increased by 11% year after year. Depending on the last 12 months, booking increased by 3% year-on-year and it increased to $ 27.1 billion, showing a book-to-bill of about 1.4 times. During the quarter, Cognizant made ten major deals, with a total contract value of $ 100 million or more.
The company’s CFO Jatin Dalal says, “Cost structure has improved through our NextGen program, which will help in the pro -fitable growth with strategic investment. Our initial guidance for 2025 includes revenue growth of 3.5% to 6% and 20-40 BPS operating margin expansion. ”
The Q4 FY25 declined by 3,300 to 336,800 compared to the number of employees (headcon) Q3 FY24. Q3 also recorded a reduction of 6,500. He says, “We invested heavily in AI-platforms and new capabilities in 2024, including the acquisition of Thirdra and Belcan. Our focus is on customer-focus, speed and innovation, which we are leading in adopting enterprise-grade generative AI. ”
How was the performance in which region
- North America: 8.4% (yoy) growth
- Europe: 1.3% (yoy) growth
- Rest of the world: (yoy) growth
How was the trick of different vertical
- Health Sciences: 10.4% (Yoy) Growth
- Financial Services: 2.8% (yoy) growth
- Communication, Media and Technology: 0.4% (YOY) Growth
- Products and Resources: 11.3% (Yoy) Growth