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Cognizant Technology Solutions Corporation  (CTSH)
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CTSH's Operating Income Growth by Quarter and Year

Cognizant Technology Solutions's Operating Income results by quarter and year




CTSH Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 686.00 798.00 603.00
III Quarter September - 798.00 729.00 467.00
II Quarter June 577.00 760.00 696.00 579.00
I Quarter March 702.00 724.00 465.00 626.00
FY   1,279.00 2,968.00 2,688.00 2,275.00



CTSH Operating Income second quarter 2023 Y/Y Growth Comment
Cognizant Technology Solutions Corporation reported decline in Operating Income in the second quarter 2023 by -24.08% to $ 577.00 millions, from the same quarter in 2022.
The contraction in the second quarter 2023 Cognizant Technology Solutions Corporation's Operating Income compares unfavorably to the Company's average Operating Income rise of 22.34%.

Looking into second quarter 2023 results within Cloud Computing & Data Analytics industry 13 other companies have achieved higher Operating Income growth. While Cognizant Technology Solutions Corporation' s Operating Income fall of -24.08% ranks overall at the positon no. 952 in the second quarter 2023.

Explain Operating Income growth


CTSH Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -14.04 % 32.34 % -9.87 %
III Quarter September - 9.47 % 56.1 % -24.56 %
II Quarter June -24.08 % 9.2 % 20.21 % 7.42 %
I Quarter March -3.04 % 55.7 % -25.72 % -9.67 %
FY   - 10.42 % 18.15 % -9.72 %

Financial Statements
Cognizant Technology Solutions's second quarter 2023 Operating Income $ 577.00 millions CTSH's Income Statement
Cognizant Technology Solutions's second quarter 2022 Operating Income $ 760.00 millions Quarterly CTSH's Income Statement
New: More CTSH's historic Operating Income Growth >>


CTSH Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -14.04 % 9.47 % 29.12 %
III Quarter September - 5 % 4.74 % -19.34 %
II Quarter June -17.81 % 4.97 % 49.68 % -7.51 %
I Quarter March 2.33 % -9.27 % -22.89 % -6.43 %
FY (Year on Year)   - 10.42 % 18.15 % -9.72 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry #14
Technology Sector #103
Overall #952

Operating Income Y/Y Growth Statistics
High Average Low
167.17 % 22.34 % -13.82 %
(March 31, 2006)   (Dec 31 2020)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry #14
Technology Sector #103
Overall #952
Operating Income Y/Y Growth Statistics
High Average Low
167.17 % 22.34 % -13.82 %
(March 31, 2006)   (Dec 31 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Cognizant Technology Solutions's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
29.12 % 3.79 % -22.89 %
(Sep 30 2020)  


CTSH's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2023 Cognizant Technology Solutions Corporation disclosed fall in Operating Income sequentially by -17.81% to $ 577.00 millions, from $ 702.00 millions released a quarter before.

Although periodic influence usually energize II. Quarter 2023 Operating Income, it clearly was not enough to recover Cloud Computing & Data Analytics 's company outcome, Nicolo Di Matteo, an industry consultant based in Paris said and continued that average quarter on quarter Operating Income growth is at 3.79% for CTSH.

Within Cloud Computing & Data Analytics industry 28 other companies have achieved higher Operating Income quarter on quarter growth. While Cognizant Technology Solutions's Operating Income growth quarter on quarter, overall rank is 1744.


Operating Income Q/Q Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry #29
Technology Sector #170
Overall #1744
Operating Income Q/Q Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry #29
Technology Sector #170
Overall #1744
Operating Income Q/Q Growth Statistics
High Average Low
29.12 % 3.79 % -22.89 %
(Sep 30 2020)  


CTSH's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2023 Cognizant Technology Solutions Corporation reported fall in Operating Income from the previous quarter by -17.81% to $ 577.00 millions, from $ 702.00 millions declared a quarter before.

Even cyclical circumstance which commonly fuel II. Quarter 2023 performance, could not salvage the II. Quarter for the Cognizant Technology Solutions Corporation, Nicolo Di Matteo, an industry consultant based in Paris said, he mentioned certan pessimism conserning CTSH's direction.

Within Cloud Computing & Data Analytics industry 28 other companies have achieved higher Operating Income quarter on quarter growth. While Cognizant Technology Solutions's Operating Income growth quarter on quarter, overall rank is 1744.


Cognizant Technology Solutions's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Operating Income 12 Months Ending $ 2,763.00 $ 2,946.00 $ 2,968.00 $ 3,080.00 $ 3,011.00
Y / Y Operating Income Growth (TTM) -8.24 % -0.03 % 10.42 % 23.55 % 34.96 %
Year on Year Operating Income Growth Overall Ranking # 454 # 324 # 645 # 473 # 143
Seqeuential Operating Income Change (TTM) -6.21 % -0.74 % -3.64 % 2.29 % 2.17 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1424 # 1314 # 1198 # 839 # 777




Cumulative Operating Income growth Comment
Cognizant Technology Solutions's cumulative 12 months Operating Income continue to decline, but on the faster rate at -8.24% year on year, at Jun 30 2023 compare to the -0.03% decrease at Mar 31 2023. If the Cognizant Technology Solutions's fiscal year would end at Jun 30 2023, annual Operating Income would be $2,763 millions.

In the Technology sector 56 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 324 to 454.

Operating Income TTM Q/Q Growth Statistics
High Average Low
167.17 %
22.34 %
-13.82 %
(March 31, 2006)  

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 14
Technology Sector # 57
Overall # 454

Operating Income TTM Y/Y Growth Statistics
High Average Low
167.17 %
22.34 %
-13.82 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 19
Sector # 134
S&P 500 # 1165
Cumulative Operating Income growth Comment
Cognizant Technology Solutions's cumulative 12 months Operating Income continue to decline, but on the faster rate at -8.24% year on year, at Jun 30 2023 compare to the -0.03% decrease at Mar 31 2023. If the Cognizant Technology Solutions's fiscal year would end at Jun 30 2023, annual Operating Income would be $2,763 millions.

In the Technology sector 56 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 324 to 454.

Operating Income TTM Q/Q Growth Statistics
High Average Low
167.17 %
22.34 %
-13.82 %
(March 31, 2006)  


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 14
Technology Sector # 57
Overall # 454

Operating Income TTM Y/Y Growth Statistics
High Average Low
167.17 %
22.34 %
-13.82 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 19
Sector # 134
S&P 500 # 1165




Other Operating Income Growth
Cloud Computing & Data Analytics Industry Operating Income Growth Trends and Statistics
Technology Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
CTSH's Operating Income Growth Ratio versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for CTSH's Competitors
Operating Income Growth for Cognizant Technology Solutions's Suppliers
Operating Income Growth for CTSH's Customers

You may also want to know
CTSH's Annual Growth Rates CTSH's Profitability Ratios CTSH's Asset Turnover Ratio CTSH's Dividend Growth
CTSH's Roe CTSH's Valuation Ratios CTSH's Financial Strength Ratios CTSH's Dividend Payout Ratio
CTSH's Roa CTSH's Inventory Turnover Ratio CTSH's Growth Rates CTSH's Dividend Comparisons



Companies with similar Operating Income decline for the quarter ending Jun 30 2023 within Technology SectorY/Y Change %Operating Income for the quarter ending Jun 30 2023
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Perficient Inc -9.49%$ -9.494 millions
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Dxc Technology Company-11.43%$ -11.429 millions
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Open Text Corp-11.85%$ -11.850 millions
Sensata Technologies Holding Plc-15.06%$ -15.064 millions
Kla Corp-15.42%$ -15.423 millions
Diodes Inc-15.69%$ -15.692 millions
Cts Corporation-18.75%$ -18.752 millions
Cars com Inc -19.83%$ -19.831 millions
Monolithic Power Systems Inc-20.84%$ -20.835 millions
Black Knight inc -21.17%$ -21.169 millions
Corecard Corporation-22.59%$ -22.591 millions
Cognizant Technology Solutions Corporation-24.08%$ -24.079 millions
Immersion Corporation-24.18%$ -24.184 millions
Cargurus Inc -24.65%$ -24.654 millions
Ansys Inc -25.30%$ -25.300 millions
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Texas Instruments Incorporated-27.58%$ -27.580 millions
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