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Effective URL: https://www2.staffingindustry.com/site/Editorial/Daily-News/Cognizant-Q1-revenue-grows-10.9-in-constant-currency-net-income-up-11....
Submission: On May 06 via api from US — Scanned from DE
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Username Password * * * * * | * Website Feedback * SIA is the Global Advisor on Staffing and Workforce Solutions Log in Americas EMEA | Europe, the Middle East & Africa APAC | Asia Pacific * Home * Staffing Firms & Suppliers * Buyers/Employers * Events * Staffing Conferences * Staffing Webinars * Buyer/Employer Conferences * Buyer/Employer Webinars * Certification & Training (CCWP & SOW) * Staffing Training * Risk Workshop * Calendar of Events * Call for Speakers * Memberships * Corporate Membership * CWS Council Membership * Research * Research Reports * Surveys * Free Resources * Editorial * Editorial Overview * Blogs - Staffing Stream * Archived Blog Posts * CWS 3.0 * Daily News * Engineering Staffing Report * Healthcare Staffing Report * Industrial Staffing Report * IT Staffing Report * Staffing Industry Review * Who's Who * 40 Under 40 * Best Staffing Firms To Work For – North America * Best Staffing Firms To Work For – UK & Ireland * CW Program Game Changers * DE&I Influencers * Diversity-Owned Staffing Firms * Fastest-Growing Staffing Firms * Global Power 150 - Women in Staffing * Latin America 25 * Staffing 100 - Europe * Staffing 100 - North America * Nomination Processes * Subscribe * CWS 3.0 * Engineering Staffing Report * Global Daily News * Healthcare Staffing Report * Industrial Staffing Report * IT Staffing Report * Staffing Industry Review * Store * Breaking Through * Certification & Training * Conferences * Growth Advisory Board * Magazine Subscriptions * Memberships * Webinars * About * Corporate Overview * Analysts * Media Center * Speaker Bureau * Industry Partners * Careers * Conferences * Research/Publications * Advisory DAILY NEWS Americas | EMEA APAC * Adecco revenue rises 5% in Q1 * New CEO to take over at Adecco effective July 1 * Cross Country Healthcare revenue up 139.6% in Q1, anticipates professionals on assignment to rise * Barrett Business Services reports Q1 revenue up 12.8%, momentum carries over from end of 2021 * Cognizant Q1 revenue grows 10.9% in constant currency, net income up 11.5% * DHI Group revenue up 28.7%, reports strong growth in Dice and ClearanceJobs divisions * Spain – Jobandtalent raises USD 250 million to enable flexible payments for workers * Italy – Temporary agency workers on the rise in February as hours worked and total salary show growth * UK – GLAA arrests suspects as part of investigation into care recruitment firm * Netherlands – Wages for temporary workers in hospitality sector are rising by up to 20% (Dutchnews.nl) * World – The Adecco Group first quarter revenue up 5% with growth led by Akkodis, appoints new CEO * Netherlands – Axiom Partners acquires FixedToday * India – Hiring activity up 38% in April with growth led by Travel and Hospitality sector * Philippines – Online hiring up 6% in March with boost from IT and Banking * Philippines – Employment rate improves to highest rate since April 2020 * People – Randstad RiseSmart, Kanzhun, AMS, Dip Corp * Australia – Seek job ads up 22.5% in April * South Korea – Nearly half of non-IT grads want a job in the IT sector EDITORIAL * Editorial Overview * Blogs - Staffing Stream * Archived Blog Posts * CWS 3.0 * Daily News * Engineering Staffing Report * Healthcare Staffing Report * Industrial Staffing Report * IT Staffing Report * Staffing Industry Review -------------------------------------------------------------------------------- Return to: Home * Home» * Editorial» * Daily News» * Cognizant Q1 revenue grows 10.9% in constant currency, net income up 11.5% DAILY NEWS View All News COGNIZANT Q1 REVENUE GROWS 10.9% IN CONSTANT CURRENCY, NET INCOME UP 11.5% May 05, 2022 Email Facebook Tweet LinkedIn IT services firm Cognizant Technology Solutions Corp. (NASDAQ: CTSH) reported first-quarter revenue rose 10.9% in constant currency. “Our first-quarter performance reflects strong revenue growth in our digital portfolio and a healthy demand environment,” CFO Jan Siegmund said. “We remain focused on investing to support growth opportunities while also executing on pricing to offset the impact of compensation pressure driven by the continued labor supply-demand imbalance.” (US$ millions) Q1 2022 Q1 2021 % change % constant currency Revenue $4,826 $4,401 9.7% 10.9% Net income $563 $505 11.5% The fastest growth took place in Cognizant’s “communications, media and technology” sector, which grew by 19.9% year over year in constant currency, reflecting strong demand for data services among digital native companies. REVENUE BY INDUSTRY VERTICAL (US$ millions) Q1 2022 % change % constant currency Financial services $1,528 4.8% 6.0% Healthcare $1,392 8.1% 8.8% Products and resources $1,130 13.2% 14.9% Communication, media and technology $776 18.1% 19.9% REVENUE BY GEOGRAPHY (US$ millions) Q1 2022 % change % constant currency North America $3,569 8.7% 8.7% UK $453 22.4% 26.4% Continental Europe $459 0.7% 6.8% Rest of world $345 18.2% 22.1% GUIDANCE Cognizant forecast second-quarter revenue to be up between 6.8% and 7.8%, or between 9.3% and 10.3% in constant currency. Full-year 2022 revenue is expected to be up between 7.2% and 9.2%, or between 9.0% and 11.0% in constant currency. SHARE PRICE AND MARKET CAP Shares in Cognizant were down 11.59% to $74.58 as of 12:32 p.m. Eastern time; they were 12.68% above the 52-week low according to FT.com. The company had a market cap of 43.97 billion. * Home» * Editorial» * Daily News» * Cognizant Q1 revenue grows 10.9% in constant currency, net income up 11.5% Founded in 1989, Staffing Industry Analysts is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labor... More STAFFING RESOURCES Staffing Conferences | Staffing Webinars | Corporate Membership BUYER RESOURCES Buyer Conferences | Buyer Webinars | CWS Council Membership CONTENT Research | Editorial About SIA | Subscribe | Store | Careers | Website Feedback | Contact Us | Cookie-Präferenzen Copyright ©2022 Crain Communications Inc | Privacy | Sitemap ShareThis Copy and Paste