Cognizant Technology Solutions Corp (NASDAQ:CTSH) reported its fourth-quarter results and guidance on Wednesday.
The information technology consulting and outsourcing company clocked a quarterly revenue growth of 4.9% year-over-year to $5.33 billion, topping the analyst consensus estimate of $5.31 billion.
The quarterly adjusted EPS of $1.35 beat the analyst consensus estimate of $1.32.
Profits And Margins
The adjusted operating margin expanded by 30 bps to 16.0%.
The GAAP operating margin expanded by 120 bps to 16.0%.
On a trailing-twelve-month basis, bookings increased 5% Y/Y to $28.4 billion, which represented a book-to-bill of approximately 1.3x.
Bookings in the quarter increased 9% Y/Y.
The quarterly bookings included twelve large deals, which are deals with a total contract value of $100 million or greater, of which two were mega deals, or deals with a total contract value of $500 …