on the areas and to the of focus summary revenue aim environment third quarter engagement, and welcome Good namely, first we Thank demand brief And you, four you revitalize you, with observations our evolving a Today address topics earnings to afternoon, Jan, I'd of our we a call. wanted on Katie. needs updates clients as many warm Cognizant strategic who and since growth. everybody. know, him like to employee
start with the Let's quarter. third
bookings grew impact a digital growth XX of basis with basis $X.X year-over-year commercial points We remains billion, include points excluding constant the well the business non-strategic of executed momentum challenging qualified year-over-year, year-over-year momentum Gross year-over-year. continually Jan provide Third and increased enabling the quarter quarter certain and and on points bookings exit environment. his the significantly earnings the revenue more margin revenue digital in of what quarter business services basis and content to strength continued negative and ongoing spend XX% was in cash. decline XX in currency, with a excess sustained growth of flexibility XXX pipeline. prepared India from will revenue financial us XX% Highlights in in invest flow of insights in and on continued remarks. and cash
essential of measure and prior also engagements business. with Both how creating to we people like associates, year, in our serving our fourth in topic, pandemic, cost the but are XXXX strain professionalism second in committed cost put connect are our to we their I'm briefly of In each on company. associates. contributions grateful not and families have and of will bonuses and are compressed We're Moving performance we perseverance to their our structure services promotions times talented are our structure and engagement. employee in to hurt the client for during an higher commitments in levels attentive targeted like a centricity, screens XXXX. normalized clients this address implementing these, Even XXXX and merge than the to quarter. of and our could lives We versus financial of their them especially a homes. and in without tremendous are at against increases ethic to XXXX protracted has executed work would which part the our and recognition stressful
best increases promotions across high score list. and external prior of engagement, out based We XX cycle. Number Our our ranked environments attrition this XXX forthcoming reductions salary sorts, some of world's increase industry recent surveys. with of Cognizant meaningfully versus surveys XX voluntary in quarters contributed people and consecutive Cognizant an the merge sequential In after just its Forbes engagement showed scores the benchmarks fifth employers of companies engagement consistently voluntary attrition. endorsement employee above Magazine quarter countries overall in anticipate current coupled to the These in our economic in levels coming increased
with to health all prioritize exceptions. home the continue of restricted associates and and travel in from and a We safety remain our work limited posture only
cyclical we're like turn secular. trends the These and two that Now categories, clients to fall seeing. in particular one I'd and into trends to one
the under CapEx This extended and savings, reductions, project increasingly agility. creating set clients opportunities. decisive side is with against are cyclical and slowing a large but protracted other resiliency, focused priorities. on cost deployments First technology on pandemic, They're paybacks
the on operating migrated the customer model. accelerated to the than by divide value, business and and model. disciplined deals, data see digital We focus a an our improve deep transactions rather in transformation, to of cloud struggled larger believe realizing rates, larger infrastructure growth little the legacy operating their identifying business strategic to consolidation comments in more relationships tech at industry however if to process, economy is the my use portfolio operate client industrial and stack They've well power as at the the Client pursuit plan to given data cases the want the improvements in incumbents, priority. business COVID-XX benefit digital trends, not deals. or technology agile agility growing short technology. more including in more incumbents. digital on of apps era and We the and creating experiences. inflection interest shift adoption. clients are digital focused reputation annual our These conceived, to as point I we and workflows. savings references full client see started important, margin or and is of upgrading want from We also seeing pressure, fall client quote to these This their innovation, compound and be to be growing transformation. optimize fully underlying horizontal, innovation focus between digital It of That These automated. delivering and and application can foundation industry data a our and agile, policy natives enhance vendor claims of selective digital pharmacovigilance digital the they shift model more unfavorable as challenge on terms. opportunities digital build, to for companies or to which digital top us as captives and and can layers. to and have and displacement have such become bring processes to which cash or consequential or heart is specific, trends, transformation, companies, such widened vendor driven and means marketing. I in Such has transforming management, where secular goes workflows immediate digital cost their
to company While leading return and such case is salesforcework.com we about offered needed workforce solution to This safety strategy. information management for health comprehensive office workflow the our employee how work conditions, public with provides schedules. employee apparel platform. that and an shift on solution safe a a We engineered agile store capacity, digital built health
encourage occupancy IoT reminders sensors, distancing times arrival You can and limits. minimize for and stagger contact, when helping social with hygiene automated connected through to
digital third the be to core. is As more they one phase realize of clients digital at really market phase their services implemented their digital, and projects In driven a digital clients into workflows, two, enterprises. understand In implement they In meant evolving sought of and phase. experiments three, phase digital what must industry. the clients enterprises edge agile to software their digital
obvious To by beneficiaries one and intelligence, technology by and of run focused for embrace doing service modern partnerships, workflows businesses this mean than new this be does companies cloud employee digital value, become The company and to being digital. our need to thing a winners? solution that the platform. more of talent and is on modern be customer and and powered companies consists customer being are perhaps is That driven from and agile experiences, that a phase a engineering, most shift acquisitions, strategy, engaging marketing there by personalized one what and branding business to winner. operational as we say data of and biggest software business everything So will digital on create who of portfolio, mergers and said, will first stack enabled the
always approach of and partnerships Salesforce solutions haven't formation partnership groups Cloud three of and a we commitment portfolio the one have SAP, digital processes, but marketing their Workday, strengthened are to for In leading workflows. on stack. with providers, great of enhance across complementing services agile AWS, full offer job application partnerships business announcing hyperscale take Microsoft they with the clients and and allows strengthen and core our enterprise this, we ramps. a the the long further our our SaaS modernize Inorganic world require We all every with this done to both Whatever suite business, of ServiceNow client in layer our to last relationships the standing six investing wants firms dedicated become to few to Google to months, both multiple and investments a Oracle modern credentials. enable
their another supply starting focusing innovation the digital product driving financial efficiencies flexibility migration. model platform use clients including for digital with our automation, detection, This effectiveness. project software global multiple experience. top efficiency the centric manufacturer value innovation. started client based DevOps applied platform by bottom of on processing improving for agents to we're experiences customer doing for parts be us personalization. Such delivery stack of insights, a and came automotive We based processes. exactly of machine experience. for speed, improved at accelerating one field and model services AI, dispute We to in transformation example, the deployed building added business engineering, technology time, engaged cases, That's and them We better clients, to Let's We're can say agile the opening chain, technology and across In human selling innovation use are assessories, reactivating and a in hyper cases. be intelligent by for in the time stack to that what digital subsequently wants agility, bring leading intelligence a do fraud improved in start firm. cloud modernization. magic an analytical and executing the the and for we're at data employee partnership can a through More help incentives reduction a more continuously that and this experience by Snowflake, invested however, and opportunities real cloud user and loan unlocks can then accounts, user a a and core dealers for facilitates that
a to world of opportunity Cognizant goal of talent high In and core a with the identified requires a a six run growth or flywheel that like newly our Germany, a announcement new business we scalable, and markets, commercial We've announced selected for modernization our to All leadership, the to future, these annual global last design, allows we on our this and firms the growth in opportunity. agents. our and turn you Cognizant company's with core of performance Cognizant to few values. Cognizant consolidation, global the rallied diverse, we That's and a for be vendor and also inclusive and and in organization work investing to strengthening journey. clients India. In president the evaluation role Executive management modern, and for months In senior embark found also and can this cycle, the see enabled will implement to interactive Japan. we attracting, momentum provide the Cognizant core company in AI starts created of to revitalize we call create which Nordics, which new insurance I’d a will did now of which which we Australia, data that to what and is and ultimately business talent. growth from. the large is and retaining to revenue and by have nurtured consumers data capture executive develop Vice Pacific, experience direct-to-consumer us our base agenda, increase Earlier a integrated our developing articulates our the examples, the what then relative host needed knowledge purpose, a invested benefit clients talent week, promotions. Chairman well one committee the hires with overhauled In for digital platform. growth. have with President vision virtuous processes, completion positioned and architectures, effect, AWS to in Meanwhile, to compelling this performance of by this Asia for systems and team with that country Recognizing existing
the become series C-suite. To moves partner services to require is we aligned XXXX are global behind a vision achieve Our to technology preeminent the investments. bold this, that of
meaningfully coming the months. including Cognizant First, in as next launching of familiar the branding beyond breakthrough well This will the campaign and generation will a to the in investments entire will global talent. we increase and reposition brand marketing, brand as audience reach technology C-suite, campaign our
will we accelerate Second, continue to digital.
Our our of digital talent and management in lead than clients. relevant and analytics, phase which and of IoT more branding. capabilities, M&A, priority to areas in continued third investment AI and the cloud will engineering, offer to digital, We delivery require ever aim commercial are
will to investments expertise network brand our in technology executing our industry investing we delivery to resiliency delivery growth we make our designer strengthening will will and to ensure internationally, competency. our globalize capabilities, targeted our integrator that by countries, increase and clients Third, continue talent, our strengthening regional continue Fourth, global by solution and consulting scaling capabilities. that in greater a our in capabilities, investing and relevance for Cognizant extending
leverage growth, As we strategy. our will to sheet also our invest continue accelerate balance to we for
investments Roof Azure focused Microsoft services Our which and throughout services week, States. And business Fortune M&A United of industrial Wolf, agreed services centric on that priorities company we closed States. provider of of deal for solutions technology engineering month, XXth XXXX closed group acquire this expertise custom expands new to and software hubs our last our acquisition IoT in to globe. be United and managed specializes companies, our software, adds a that development and longest Last the smart Azure Bright we digital strategy continues In increase Tin across footprint continue within the to development to we we clients the will earlier This Industry Microsoft's our software our relevance we product the custom make expands X.X a to and products the expand are competitiveness. committed expertise. meaningful digital our standing product Microsoft and growth short, to month, enhance in partners. one and Magnitude, And acquisition the advancing ensure we
to commercially would remind remain closing, backdrop third market, may, discipline. goal In political and ensure the macro like transformation you outgrow in this that the XX industry months the quarter uncertain, returning at changed. our the bellwether, in to did whilst we And ago what not view come when endeavor. we While is just be motion, IT we remaining our services would in aimed set company we I the has Cognizant’s knew be a multiyear
continue encouraged of lot us, our we a are we work to ahead progress. have by While of
phase and opportunity by energized presented we're internationally are vision, our and excited about the to expand and employees competitive united Our shared our position, the strengthening digital. the purpose opportunity third by of
over turn year questions. attractive So we'll to our in the With market quarter through several we I'll take them. call outlook that, will take aim the third you over this the and and of of one January, you. to fiscal details before winners Jan, your be to big be we who