Cognizant Technology Solutions (CTSH) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined from both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease followed a modest increase in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined from both the immediately preceding quarter and the same quarter one year earlier. The sequential decrease followed a modest increase in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
-1.7%
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 |
|---|---|---|
| Mar 31, 2023 | $4.8B | -0.3% |
| Jun 30, 2023 | $4.9B | -0.4% |
| Sep 30, 2023 | $4.9B | +0.8% |
| Dec 31, 2023 | $4.8B | -1.7% |
Revenue performance
The reported revenue decreased relative to the prior quarter, reversing the growth seen in the preceding period. On an annual basis, revenue also contracted compared to the same quarter last year.
Quarterly comparison
When measured against the immediately preceding quarter, revenue was lower. Similarly, revenue was down from the same quarter one year ago.
What to watch
The sequential decline after a prior quarter of growth warrants attention to revenue trends.