Cognizant reports fourth quarter and full-year 2023 results

Full-year revenue of $19.4 billion declined 0.4% year-over-year, or declined 0.3% in constant currency1, which was within our guidance range full-year operating margin of 13.9% and adjusted operating margin1 of 15.1%, which was 40 basis points above our guidance full-year operating cash flow of $2.3 billion; free cash flow1 of $2.0 billion was 95% of net income trailing 12-month bookings of $26.3 billion, up 9% year-over-year $1.7 billion returned to shareholders through share repurchases and dividends in 2023 cash dividend increased 3% to $0.30 per share for q1 2024 2024 revenue growth guidance of (2%) to 2% in constant currency 2024 adjusted operating margin guidance 15.3-15.5%, an expansion of 20 to 40 basis points teaneck, n.j. , feb. 6, 2024 /prnewswire/ -- cognizant (nasdaq: ctsh), one of the world's leading professional services companies, today announced its fourth quarter and full-year 2023 financial results.
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