Cognizant Technology Solutions (CTSH) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared with the prior quarter and also rose relative to the same quarter a year earlier. The sequential gain was modest, while the year-over-year growth was slightly stronger.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared with the prior quarter and also rose relative to the same quarter a year earlier. The sequential gain was modest, while the year-over-year growth was slightly stronger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $4.8B | +1.3% |
| Mar 31, 2023 | $4.8B | -0.3% |
| Jun 30, 2023 | $4.9B | -0.4% |
| Sep 30, 2023 | $4.9B | +0.8% |
Revenue performance
The reported revenue moved higher from the immediately preceding quarter, continuing the upward trajectory seen in the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, reflecting a year-over-year increase. The sequential change from the prior quarter was positive but smaller in magnitude than the annual comparison.
What to watch
The filing context does not provide specific commentary on revenue drivers for this quarter.