Analyst Commentary

Slowing growth in core markets drives Cognizant to pursue new revenue opportunities in alternate regions and industries

Revenue growth continued to wane in 4Q16 as weakened discretionary spend in core markets lingered amid macroeconomic uncertainty The final quarter of 2016 was a microcosm of the company’s overall performance throughout the year. Top-line growth waned for the fifth consecutive quarter, expanding 7.1% year-to-year to $3.5 billion. Operating profitability fell annually and sequentially, down 90 and 70 basis points, respectively, to 16.2%. Revenue growth was fairly broad-based from a geographic perspective, as the company expand...

Login or Register to View Analyst Commentary