Cognizant Q1 earnings: Factbox
SOURCE: Business Week
DATE: May 7th, 2008
Mohit Factbox:
Quarterly revenue increased to $643.1 million: 40% YoY growth :7.2% QoQ
Net income: $101.9 million
GAAP operating margin: 17.4%
non-GAAP margin: 19.5%
Segments:
Financial Services segments : Grew by 78 million YOY – represents 45.5% of revenue
Healthcare: grew by $49 million – represents 25% of revenues
Retail: grew by $28 million – represents 15 % of revenue
Remaining 15% from communication, media and new tech
Type of Service:
Application Management: 52% revenue: growth: 37% YOY 10% QoQ
Application maintenance: 48% of revenue : Growth: 43% YOY 5% QOQ
Geographical segments:
North America: 80%
Asian markets: 1%
# of clients:
505 active clients
Added 6 new strategic clients: 113 clients total greater than 5 million in revenues
Guidance for second quarter 2008:
Revenue anticipated to be at least $680 million.
Fiscal 2008 revenue anticipated to be $2.95 billion, up approx 38% compared to 2007.
Employee base:
Net addition 2,600 employees : 58, 000 employee total # of employees
12.4% attrition flat during the quarter
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