EX-99.2 3 exhibit9923312025.htm EX-99.2
We started the year on a strong note, delivering revenue and adjusted operating margin ahead of our expectations, reflecting our steadfast focus on the execution of our strategy over the last several years. The breadth and depth of our portfolio, combined with our deep industry and domain expertise, position us well as a strategic partner for clients in an increasingly complex macroeconomic environment. Today, productivity, cost reduction and resiliency are especially important, and we believe our differentiated AI and platform capabilities are helping clients navigate the near-term uncertainty while embarking on longer-term AI-led transformation. Q1 2025 Ravi Kumar S | Chief Executive Officer ” Revenue $5.1 billion Reported YoY1 é 7.5% Constant Currency YoY1 é 8.2% GAAP Operating Margin2 | 16.7% GAAP EPS2 | $1.34 $3.8 $1.0 $0.3 Rest of World 3.7% Revenue by Geography ($ In billions) Reported YoY | Constant Currency YoY Q1 2025 Cash Flow Cash Flow From Operations $400M Free Cash Flow $393M Q1 2025 Capital Return Dividends $155M Share Repurchases $209M $0.31/share Revenue by Segment ($ In billions) Reported YoY | Constant Currency YoY Europe North America1 7.1% $1.4 $0.8 $1.3 $1.6 Products & Resources1 Health Sciences Financial Services Communications, Media & Technology 1.2% 3.0% 9.5% 9.7% 2.7% 1.9%12.8% 13.6% 5.6% 6.5%10.9% 11.4% Total Employees 336,300 ” (500) QoQ Voluntary - Tech Services Attrition (Trailing 12-Month) 15.8% é é é é é é é é é é é Adjusted Diluted EPS | $1.23 Employee Metrics Adjusted Operating Margin | 15.5% é é é For non-GAAP financial reconciliations refer to Cognizant's 2025 first quarter earnings release issued on April 30, 2025, which accompanies this presentation and is available at investors.cognizant.com. 1 In the first quarter of 2025, revenue from our recently completed acquisitions of Belcan and Thirdera contributed approximately 4 percentage points to year-over-year revenue growth, including approximately 15 percentage points of growth to our Products & Resources segment, primarily in North America. 2 Q1 2025 GAAP Operating Margin and GAAP EPS include the positive impact of $62 million from a gain on the sale of an office complex in India, which is excluded from our Adjusted Operating Margin and Adjusted Diluted EPS. é Company Recognition Belcan named Supplier of the Year by GE Aerospace Named to Fortune’s list of America’s Most Innovative Companies for third consecutive year Received the 2025 World's Most Ethical Companies recognition by Ethisphere Exhibit 99.2 (10 bps) QoQ