Cognizant reports first quarter 2024 results

Revenue of $4.8 billion declined 1.1% year-over-year, or declined 1.2% in constant currency1, which was above the high-end of our guidance range operating margin of 14.6%, flat year-over-year, and adjusted operating margin1 of 15.1%, which expanded 50 basis points year-over-year trailing 12-month bookings of $25.9 billion; book-to-bill of 1.3x $284 million returned to shareholders through share repurchases and dividends 2024 revenue guidance unchanged at (2.0%) to 2.0% in constant currency 2024 adjusted operating margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40 basis points teaneck, n.j. , may 1, 2024 /prnewswire/ -- cognizant (nasdaq: ctsh), one of the world's leading professional services companies, today announced its first quarter 2024 financial results.
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