Cognizant Technology Solutions (CTSH) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement reversed a prior downward trend, while the year-over-year decrease continued.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the immediately preceding period, but declined relative to the same quarter one year earlier. The sequential improvement reversed a prior downward trend, while the year-over-year decrease continued.
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
+1.9%
Change from the immediately preceding quarter.
Year-over-year
-0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.3B
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 |
|---|---|---|
| Sep 30, 2023 | $4.9B | +0.8% |
| Dec 31, 2023 | $4.8B | -1.7% |
| Mar 31, 2024 | $4.8B | -1.1% |
| Jun 30, 2024 | $4.9B | -0.7% |
Revenue performance
The reported revenue moved upward from the prior quarter, marking a rebound after two consecutive quarterly declines. However, the level remained below that of the same quarter in the previous year.
Quarterly comparison
When measured against the preceding three-month period, revenue showed growth. In contrast, compared with the same period a year ago, revenue was lower.
What to watch
The company's cash from operations decreased, partly due to a substantial payment made in connection with a dispute with tax authorities.