Cognizant said revenue for the quarter ended March 31 quarter with Q1 2025 was $5,115 million, up 7.5% from $4,760 million a year earlier (8.2% in constant currency), and GAAP operating margin was 16.7%.

1. 01

   Cognizant said revenue for the quarter ended March 31 quarter with Q1 2025 was $5,115 million, up 7.5% from $4,760 million a year earlier (8.2% in constant currency), and GAAP operating margin was 16.7%.

2. 02

   The company said GAAP operating margin for Q1 was positively affected by $62 million (120 basis points) from the gain on the sale of an office complex in India. Adjusted Operating Margin was 15.5%, Adjusted Diluted EPS was $1.23, and GAAP diluted EPS was $1.34.

3. 03

   Cognizant said operating cash flow for Q1 was $400 million and free cash flow was $393 million. It repurchased 2.3 million shares for $190 million in the same quarter, and the remaining authorization as of March 31 was $3.0 billion.

4. 04

   The company said it expects full-year 2025 revenue of $20.5 billion to $21.0 billion (growth of 3.5% to 6.0% in constant currency), Adjusted Operating Margin of 15.5% to 15.7%, and Adjusted Diluted EPS of $4.98 to $5.14.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.