The company said revenue for Q3 2024 rose to $5.04 billion, up 3.0% year over year (2.7% in constant currency). It said GAAP operating margin was 14.6% and Adjusted Operating Margin was 15.3%.

1. 01

   The company said revenue for Q3 2024 rose to $5.04 billion, up 3.0% year over year (2.7% in constant currency). It said GAAP operating margin was 14.6% and Adjusted Operating Margin was 15.3%.

2. 02

   Cognizant completed its acquisition of Belcan for about $1.3 billion in cash and stock during Q3, the company said. It added that recently completed acquisitions contributed about 200 basis points to revenue growth year over year in Q3.

3. 03

   The company said it expects full-year 2024 revenue of $19.7 to $19.8 billion, growth of 1.4% to 1.9% in constant currency. It also expects Adjusted Operating Margin of about 15.1% and Adjusted Diluted EPS of $4.63 to $4.67.

4. 04

   The company repurchased 3.1 million shares for $228 million in Q3, it said. As of September 30, 2024, the remaining authorization under its share repurchase program was $1.4 billion. Operating cash flow for Q3 was $847 million, and free cash flow was $791 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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