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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 4.76B | 0% |
Gross Profit | 695M | 4% |
Cost of Revenue | 4.07B | 0.8% |
Operating expense | 920M | 3.6% |
Net Income | 546M | 2.2% |
EBITDA | 867M | 2.7% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 18.4B | 0.4% |
Total Liabilities | 4.92B | 6.4% |
Total Equity | 13.5B | 2% |
Shares Outstanding | 497M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 95M | 87.1% |
Cash from investing | -238M | 241.7% |
Cash from financing | -304M | 33.2% |
EPS
Financial Highlights for Cognizant in Q1 '24
Cognizant reported a revenue of 4.76B, which is a 0% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 695M, marking a -4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.07B, a 0.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 920M, showing a -3.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 546M, showing a -2.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 867M, showing a -2.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Cognizant faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.