Cognizant Sees Q3 2024 Revenue $4.89B-$4.96B Vs $4.8B Estimate

Author: Benzinga Newsdesk | July 31, 2024 04:13pm

Third Quarter and Full-Year 2024 Guidance2

(all growth rates year-over-year; excludes the impact of the Belcan transaction, which is expected to close in the third quarter 2024)

• Third quarter revenue is expected to be $4.89 - $4.96 billion, a decline of 0.2% to an increase of 1.3%, or flat to an increase of 1.5% in constant currency.
• Full-year 2024 revenue is expected to be $19.3 - $19.5 billion, a decline of 0.5% to an increase of 1.0% as reported and on a constant currency basis. This assumes approximately 70 basis points of inorganic contribution.
• Full-year 2024 Adjusted Operating Margin3 is expected to be in the range of 15.3% to 15.5%, or 20 to 40 basis points of expansion.
• Full-year 2024 Adjusted EPS3 is expected to be in the range of $4.62 to $4.70.

Posted In: CTSH