EX-99.2 3 exhibit99212312024.htm EX-99.2
I am deeply grateful to our employees for their commitment to our strategic priorities and rigorous execution, which drove fourth quarter revenue growth to the high end of our guidance range. We exited the year with momentum — closing a record 29 large deals during the year — highlighting the effectiveness of our strategy. In 2024, we accelerated investments in our AI-led platforms and added new capabilities with the acquisitions of Thirdera and Belcan, further strengthening and diversifying our portfolio. Our focus on client centricity, agility, and innovation is helping clients unlock the next wave of hyper productivity and enterprise-grade generative AI adoption. FY 2024 Ravi Kumar S | Chief Executive Officer ” Revenue $19.7 billion Reported YoY1 é 2.0% Constant Currency YoY1 é 1.9% GAAP Operating Margin | 14.7% GAAP EPS | $4.51 $14.7 $3.8 $1.2 Rest of World 1.3% Revenue by Geography ($ In billions) Reported YoY | Constant Currency YoY Cash Flow Cash Flow From Operations $2,124M Free Cash Flow $1,827M Capital Return Dividends $600M Share Repurchases $605M $1.20/share Revenue by Segment ($ In billions) Reported YoY | Constant Currency YoY Europe North America1 0.0% $5.8 $3.2 $4.8 $5.9 Products & Resources1 Health Sciences Financial Services Communications, Media & Technology 0.9% 2.1% 3.0% 3.1% 0.8% 0.5% 3.3% 3.2% 1.0% 1.1% 4.5% 4.5% ” For non-GAAP financial reconciliations refer to Cognizant's 2024 fourth quarter earnings release issued on February 5, 2025, which accompanies this presentation and is available at investors.cognizant.com. 1In 2024, revenue from recently completed acquisitions, including Belcan and Thirdera, contributed approximately 2 percentage points to year-over-year revenue growth, including approximately 6 percentage points of growth to our Products & Resources segment, primarily in North America. é é é é é é é é é é é éé é Adjusted Diluted EPS | $4.75 Acquisitions Completed Adjusted Operating Margin | 15.3% Exhibit 99.2 FY 2024 FY 2024

We ended the year strong, delivering Adjusted Operating Margin of 15.7% in the fourth quarter and 20 basis points expansion for the full year, above our guidance. Free cash flow represented more than 150% of net income, our highest quarter since Q3 2021. We expect that our improved cost structure, achieved through the successful completion of our NextGen program, will help us sustain our pace of strategic investments in support of profitable growth. Our initial 2025 guidance calls for 3.5% to 6.0% constant currency revenue growth and 20 to 40 basis points of full- year Adjusted Operating Margin expansion. Q4 2024 Jatin Dalal | Chief Financial Officer ” Revenue $5.1 billion Reported YoY1 é 6.8% Constant Currency YoY1 é 6.7% GAAP Operating Margin | 14.8% GAAP EPS | $1.10 $3.8 $0.9 $0.4 Rest of World 3.5% Revenue by Geography ($ In billions) Reported YoY | Constant Currency YoY Q4 2024 Cash Flow Cash Flow From Operations $920M Free Cash Flow $837M Q4 2024 Capital Return Dividends $150M Share Repurchases $154M $0.30/share Revenue by Segment ($ In billions) Reported YoY | Constant Currency YoY Europe North America1 3.9% $1.4 $0.9 $1.3 $1.5 Products & Resources1 Health Sciences Financial Services Communications, Media & Technology 2.3% 1.3% 8.3% 8.4% 0.9% 0.4%11.3% 11.3% 2.9% 2.8%10.4% 10.4% Total Employees 336,800 ” (3,300) QoQ Voluntary - Tech Services Attrition (Trailing 12-Month) 15.9% é é é é é é é é é é é Adjusted Diluted EPS | $1.21 Employee Metrics Up 2.1 percentage points YoY Adjusted Operating Margin | 15.7% é é é For non-GAAP financial reconciliations refer to Cognizant's 2024 fourth quarter earnings release issued on February 5, 2025, which accompanies this presentation and is available at investors.cognizant.com. 1In the fourth quarter of 2024, revenue from our recently completed acquisitions of Belcan and Thirdera contributed approximately 4.5 percentage points to year-over- year revenue growth, including approximately 16 percentage points of growth to our Products & Resources segment, primarily in North America. é Company Research and Recognition Joint study between Cognizant and Oxford Economics show U.S. consumers who embrace AI could drive $4.4T in spending over five years. Named to Newsweek’s and Statista’s list of America’s Most Reliable Companies 2025