Cognizant Expertise Options reported a 2 per cent decline in web revenue to $546 million for the fourth quarter that ended December 2024, in comparison with $558 million in the identical quarter final yr. Income for 2024 was up by 6.8 per cent to $5.1 billion ($4.7 billion). For the total yr 2024, web revenue elevated by 4.76 per cent to $2.2 billion, in comparison with $2.1 billion in 2023.
The US-based IT firm with a big presence in India mentioned its first-quarter 2025 income is anticipated to be $5.0 – $5.1 billion, a progress of 5.6 per cent to 7.1 per cent, and its full-year 2025 income is anticipated to be $20.3 – $20.8 billion, a progress of two.6 per cent to five.1 per cent.
Worker metrics
Voluntary attrition—Tech Companies on a trailing twelve-month foundation was 15.9 per cent, in comparison with 13.8 per cent for the interval ended December 31, 2023. Complete headcount as of December 31, 2024, was 336,800, in comparison with 347,700 in 2023, a ten.090 per cent YoY decline and a 3,300 per cent decline over the earlier quarter.
Bookings
Bookings within the fourth quarter elevated 11 per cent year-over-year. On a trailing twelve-month foundation, bookings elevated 3 per cent year-over-year to $27.1 billion, which represented a book-to-bill of roughly 1.4x. In the course of the quarter, Cognizant signed ten giant offers, that are offers with a complete contract worth of $100 million or better, in response to a launch.
The corporate exited the yr with momentum, closing a document 29 giant offers, mentioned S Ravi Kumar, Chief Government Officer, Cognizant. In 2024, the corporate accelerated investments in its AI-led platforms and added new capabilities with the acquisitions of Thirdera and Belcan, additional strengthening and diversifying the portfolio, he added.
Jatin Dalal, Chief Monetary Officer, Cognizant, mentioned, “Free money movement represented greater than 150 per cent of web revenue, our highest quarter since Q3 2021. We anticipate that our improved price construction, achieved by the profitable completion of our NextGen program, will assist us maintain our tempo of strategic investments in help of worthwhile progress.