Cognizant Technology Solutions (CTSH) FY2024 results: revenue $19.7 billion, up 2.0% on the year
Cognizant Technology Solutions Corp. (CTSH) reported revenue of $19.7 billion for fiscal 2024, the year ended 31 December 2024, up 2.0% on the year before. Net income was $2.2 billion, up 5.4%, and diluted earnings per share $4.51. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$19.7 billion
+2.0% on the year
FY2017FY2024
Operating margin
14.7%
13.9% a year earlier
FY2017FY2024
Net income
$2.2 billion
+5.4% on the year
FY2017FY2024
Diluted EPS
$4.51
+7.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,124
2,330
2,568
-8.8%
Capital expenditure
297
317
332
-6.3%
Free cash flow
1,827
2,013
2,236
-9.2%
Free cash flow margin
9.3%
10.4%
11.5%
Cash from investing
-1,646
-331
-106
Cash from financing
-915
-1,609
-1,939
Depreciation and amortisation
542
555
569
-2.3%
Share-based compensation
175
176
261
-0.6%
Buybacks
605
1,064
1,422
-43.1%
Dividends paid
600
591
564
+1.5%
Dividend per share
$1.20
$1.16
$1.08
+3.4%
Diluted shares, weighted
497m
505m
519m
-1.6%
Shares outstanding at period end
495m
498m
509m
-0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
14,408
13,227
12,309
+8.9%
Debt
908
639
646
+42.1%
Operating lease liabilities
420
523
714
-19.7%
Finance lease liabilities
15.0
16.0
8.0
-6.2%
Other liabilities
4,215
4,078
4,175
+3.4%
Total liabilities and equity
19,966
18,483
17,852
+8.0%
Fixed assets
994
1,048
1,101
-5.2%
Goodwill
6,953
6,085
5,710
+14.3%
Intangible assets
1,599
1,149
1,168
+39.2%
Investments
102
449
737
-77.3%
Cash and equivalents
2,231
2,621
2,191
-14.9%
Receivables
4,059
3,849
3,796
+5.5%
Other assets
4,028
3,282
3,149
+22.7%
Total assets
19,966
18,483
17,852
+8.0%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.