Cognizant Technology Solutions (CTSH) 8-K Cognizant Reports Second Quarter 2023 Results

We made continued progress during the quarter amid an uncertain economic backdrop. We maintained our commercial momentum, with strong bookings growth of 17% year over year, including roughly a third of in-quarter bookings from large deals. We also saw a return to sequential revenue growth, and our initial investment in the Cognizant NeuroAI platform has helped drive more than 100 early engagements as clients embrace generative AI. The continued reduction in our voluntary attrition, improved employee engagement and higher customer satisfaction scores reflect the interdependence of our client and employee experience. Q2 2023 Ravi Kumar S | Chief Executive Officer ” Revenue $4.9 billion Reported YoY ê 0.4% Constant Currency YoY ê 0.1% GAAP Operating Margin | 11.8% GAAP EPS | $0.91 $3.6$1.0 $0.3 Rest of World 4.9% Revenue by Geography ($ In billions) Reported YoY | Constant Currency YoY Year-to-Date Cash Flow Cash Flow From Operations $765M Free Cash Flow $599M Year-to-Date Capital Return Dividend $298M Share Repurchases $436M $0.58/share Revenue by Segment ($ In billions) Reported YoY | Constant Currency YoY Europe North America —% $1.5 $1.4 $1.2 $0.8 Products & Resources Health Sciences Financial Services Communications, Media & Technology 7.1% 6.3% 1.8% 1.7% 1.2% 0.4% 3.2% 3.7% 5.1% 4.8% 2.3% 2.1% Total Employees 345,600 ” For non-GAAP financial reconciliations refer to Cognizant's 2023 second quarter earnings release issued on August 2, 2023, which accompanies this presentation and is available at investors.cognizant.com. Exhibit 99.2 (5,900) QoQ +4,300 YoY Voluntary - Tech Services Attrition (Trailing 12-Month) 19.9% é é é é é é é é é é é Adjusted Diluted EPS | $1.10 Employee Metrics Down 11 pts. YoY Adjusted Operating Margin | 14.2% é é 2022 ESG Report