Company Report

Cognizant 2021 revenue growth guidance of 5.5% to 8.5% or 4.0% to 7.0% in constant currency

Cognizant (Nasdaq: CTSH), one of the world’s leading professional services companies, announced its fourth quarter and full year 2020 financial results.

The Company is providing the following guidance:

• First quarter revenue expected to be $4.34-$4.38 billion, or growth of 2.8-3.8% (1.0-2.0% in CC).
This assumes an estimated positive 180 basis points foreign exchange impact and a negative 85 basis points impact from the exit of certain content services

• Full year 2021 revenue expected to be $17.6-$18.1 billion, or growth of 5.5-8.5% (4.0-7.0% in CC). This assumes an estimated positive 150 basis points foreign exchange impact and a negative 30 basis points impact from the exit of certain content services

• Full year 2021 Adjusted Operating Margin
15.2-16.2%

• Full year 2021 Adjusted Diluted EPS
expected to be in the range of $3.90-$4.02

Source: investors.cognizant.com

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