Cognizant Technology Solutions (CTSH) FY2012 results: revenue $7.3 billion, up 20.0% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $7.3 billion for fiscal 2012, the year ended 31 December 2012, up 20.0% on the year before. Net income was $1.1 billion, up 19.0%, and diluted earnings per share $1.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$7.3 billion
+20.0% on the year
FY2007FY2012
Operating margin
18.5%
18.6% a year earlier
FY2007FY2012
Net income
$1.1 billion
+19.0% on the year
FY2007FY2012
Diluted EPS
$1.72
+20.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
7,346
6,121
4,592
+20.0%
Selling, general and administrative
1,558
1,329
972
+17.2%
Operating income
1,361
1,136
862
+19.8%
Operating margin
18.5%
18.6%
18.8%
Interest expense
0.0
n/a
n/a
Pre-tax income
1,388
1,169
879
+18.7%
Income tax
336
286
145
+17.8%
Effective tax rate
24.2%
24.4%
16.5%
Net income
1,051
884
734
+19.0%
Net margin
14.3%
14.4%
16.0%
Diluted EPS
$1.72
$1.43
$1.19
+20.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,173
875
765
+34.0%
Capital expenditure
334
288
186
+16.0%
Free cash flow
838
587
579
+42.8%
Free cash flow margin
11.4%
9.6%
12.6%
Cash from investing
-570
-850
-447
Cash from financing
-343
-255
120
Depreciation and amortisation
157
124
110
+26.1%
Share-based compensation
107
90.2
57.0
+19.0%
Buybacks
521
374
59.0
+39.2%
Diluted shares, weighted
612m
621m
618m
-1.4%
Shares outstanding at period end
603m
606m
608m
-0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,854
3,953
3,584
+22.8%
Debt
0.0
0.0
0.0
Other liabilities
1,667
1,555
999
+7.2%
Total liabilities and equity
6,522
5,508
4,583
+18.4%
Fixed assets
971
758
570
+28.2%
Goodwill
309
289
224
+7.1%
Intangible assets
87.5
97.6
85.1
-10.4%
Investments
1,294
1,121
685
+15.4%
Cash and equivalents
1,570
1,311
1,541
+19.8%
Receivables
1,346
1,179
901
+14.1%
Other assets
944
752
576
+25.5%
Total assets
6,522
5,508
4,583
+18.4%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.