Cognizant Technology Solutions reported a 2% decrease in net profit for the fourth quarter, which ended December 2024, to $546 million, compared to $558 million in the same period last year. Revenues for 2024 increased 6.8% to $5.1 billion ($4.7 billion). For the full year of 2024, net income rose 4.76% to $2.2 billion, compared to $2.1 billion in 2023.
The US-based IT company with a major presence in India is expected to earn 2025 to $5.0-$5.1 billion in the first quarter, with a 7.1% growth of 5.6%. revenue is expected to be expected. $20.3 – $20.8 billion, 5.1% from 2.6% growth.
Employee indicators
Voluntary attrition – Tech services on mileage for 12 months was 15.9% compared to 13.8% for the period ended December 31, 2023. Total employee total as of December 31, 2024 was 336,800, and 347,700 in 2023, down 10.090% over the last quarter, with a 3,300% decline.
reservation
Bookings for the fourth quarter increased 11% year-on-year. In the second half of the 12-month period, bookings increased 3% year-on-year to $27.1 billion, representing approximately 1.4 times the number of books to buildings. During the quarter, Cognizant signed 10 large transactions. This is a transaction with a total contract value of over $100 million, according to the release.
Cognizant CEO Ravi Kumar said the company left the year with momentum and recorded 29 large deals. In 2024, the company accelerated its investment in AI-driven platforms, adding new features to its acquisitions of Thirdera and Belcan, further strengthening and diversifying its portfolio, he added.
“We are pleased to announce that we are committed to providing a range of services and services to ensure that we are committed to providing a range of services,” said Jatin Dalal, Chief Financial Officer at Cognizant. “Free cash flow accounted for more than 150% of its highest quarter since the third quarter of 2021. We expect future improvements to the cost structure will be achieved through the successful completion of the NextGen program. It helps to maintain the pace of strategic investments to support profitable growth.
