EX-99.2 3 exhibit9929302024.htm EX-99.2
Revenue growth in the third quarter was at the high end of our guidance range, driven by another quarter of strong performance in our largest segments, Health Sciences and Financial Services. Investments in AI-driven platforms, like our Neuro suite and Flowsource, are resonating with our clients and supporting our large deals success. In the third quarter, we signed six deals with total contract value of more than $100 million each, bringing our year-to-date count to nineteen, which is more than we signed in the full-year 2023. In August, we officially welcomed Belcan to the Cognizant family, and we are excited about the opportunities to jointly expand our presence in the growing ER&D market. Q3 2024 Ravi Kumar S | Chief Executive Officer ” Revenue $5.0 billion Reported YoY1 é 3.0% Constant Currency YoY1 é 2.7% GAAP Operating Margin | 14.6% GAAP EPS | $1.17 $3.7 $1.0 $0.3 Rest of World 4.3% Revenue by Geography ($ In billions) Reported YoY | Constant Currency YoY Q3 2024 Cash Flow Cash Flow From Operations $847M Free Cash Flow $791M Q3 2024 Capital Return Dividends $149M Share Repurchases $242M $0.30/share Revenue by Segment ($ In billions) Reported YoY | Constant Currency YoY Europe North America1 4.2% $1.5 $0.8 $1.2 $1.5 Products & Resources1 Health Sciences Financial Services Communications, Media & Technology 0.3% 1.9% 3.8% 3.8% 3.7% 4.1%5.0% 4.6% 0.7% 0.5%7.8% 7.6% Total Employees 340,100 ” +3,800 QoQ (6,500) YoY Voluntary - Tech Services Attrition (Trailing 12-Month) 14.6% é é é é é é é é é é é Adjusted Diluted EPS | $1.25 Employee Metrics Down 1.6 percentage points YoY Adjusted Operating Margin | 15.3% é é é For non-GAAP financial reconciliations refer to Cognizant's 2024 third quarter earnings release issued on October 30, 2024, which accompanies this presentation and is available at investors.cognizant.com. 1Revenue from recently completed acquisitions in the third quarter of 2024, including Belcan and Thirdera, contributed approximately 200 basis points to year-over-year revenue growth, including approximately 750 basis points of growth to our Products & Resources segment, primarily in North America. Exhibit 99.2 é Company Recognition Named to Fortune's 2024 Change the World list, ranking number 7 among 52 companies Recognized again by Forbes as one of the World’s Best Employers. Named to 1,000 of the World’s Best Companies by TIME and Statista Named to Newsweek’s America’s Most Reliable Companies