Cognizant Technology Solutions (CTSH) FY2011 results: revenue $6.1 billion, up 33.3% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $6.1 billion for fiscal 2011, the year ended 31 December 2011, up 33.3% on the year before. Net income was $884 million, up 20.5%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$6.1 billion
+33.3% on the year
FY2007FY2011
Operating margin
18.6%
18.8% a year earlier
FY2007FY2011
Net income
$884 million
+20.5% on the year
FY2007FY2011
Diluted EPS
$1.43
+20.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,121
4,592
3,279
+33.3%
Selling, general and administrative
1,329
972
721
+36.7%
Operating income
1,136
862
618
+31.9%
Operating margin
18.6%
18.8%
18.9%
Pre-tax income
1,169
879
637
+33.1%
Income tax
286
145
102
+96.9%
Effective tax rate
24.4%
16.5%
16.0%
Net income
884
734
535
+20.5%
Net margin
14.4%
16.0%
16.3%
Diluted EPS
$1.43
$1.19
$0.89
+20.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
875
765
672
+14.5%
Capital expenditure
288
186
76.6
+55.4%
Free cash flow
587
579
596
+1.3%
Free cash flow margin
9.6%
12.6%
18.2%
Cash from investing
-850
-447
-395
Cash from financing
-255
120
76.9
Depreciation and amortisation
124
110
89.4
+12.7%
Share-based compensation
90.2
57.0
44.8
+58.3%
Buybacks
374
59.0
16.3
+534.1%
Diluted shares, weighted
621m
618m
602m
+0.4%
Shares outstanding at period end
606m
608m
594m
-0.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,953
3,584
2,653
+10.3%
Debt
0.0
0.0
n/a
Other liabilities
1,555
999
685
+55.7%
Total liabilities and equity
5,508
4,583
3,338
+20.2%
Fixed assets
758
570
482
+32.9%
Goodwill
289
224
192
+28.9%
Intangible assets
97.6
85.1
75.8
+14.7%
Investments
1,121
685
450
+63.6%
Trading assets
n/a
n/a
129
Cash and equivalents
1,311
1,541
1,101
-14.9%
Receivables
1,179
901
626
+30.8%
Other assets
752
576
283
+30.6%
Total assets
5,508
4,583
3,338
+20.2%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.