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Cognizant's (CTSH) fourth-quarter 2023 results suffer from a challenging macroeconomic environment, cautious clients and limited discretionary spending.

Cognizant Technology Solutions Corporation (CTSH) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Cognizant (CTSH) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cognizant (CTSH) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.01 per share a year ago.

Cognizant Technology Solutions forecast full-year revenue below estimates on Tuesday, underscoring persistent weakness in demand for IT services and sending its shares down 4% in extended trading.

Cognizant's (CTSH) fourth-quarter performance will likely reflect strength across its digital business operations and logistics, utility and travel and hospitality segments.

Cognizant (CTSH) launches Flowsource, which expands its footprint in the growing generative AI footprint.

Beyond analysts' top -and-bottom-line estimates for Cognizant (CTSH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

As the days go by, artificial intelligence is gaining more and more momentum within the technology sector. Of course it is a new tool and there is a lot to develop and improve.

Cognizant (CTSH) and Microsoft's Innovation Assistant, powered by Azure OpenAI, boosts creative problem-solving in client challenges through Bluebolt.