Exhibit 99.1
cognizantlogoa061a.jpg

COGNIZANT REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS

Q4 and full-year revenue of $4.2 billion and $16.7 billion, respectively, included the impact of the anticipated exit from a customer engagement and the exit from certain content services
Full year operating cash flow of $3.3 billion and free cash flow1 of $2.9 billion
2021 revenue growth guidance of 5.5% to 8.5% or 4.0% to 7.0% in constant currency (CC)1
Quarterly dividend increased to $0.24 per share

TEANECK, N.J., February 3, 2021 - Cognizant (Nasdaq: CTSH), one of the world’s leading professional services companies, today announced its fourth quarter and full year 2020 financial results.

“We accomplished a great deal in the past year whilst keeping our clients and our talented associates foremost in mind,” said Brian Humphries, Chief Executive Officer. “Having strengthened our portfolio, and anticipating the exit of a large financial services engagement, we enter 2021 reinvigorated by our growing commercial momentum, investments in our future, and our vision to become the preeminent technology services partner to clients globally."



($ in billions)Impact of the
Revenue
Y/Y %
Y/Y CC %
Anticipated Exit from a Customer Engagement
Exit of Certain Content Services
Q4 2020$4.2 (2.3 %)(3.0 %)(250 bps)(120 bps)
Full Year 2020$16.7 (0.8 %)(0.7 %)(70 bps)(110 bps)

Q4 2020
 Impact of the Anticipated Exit from a Customer Engagement
Q4 2019FY2020
Impact of the Anticipated Exit from a Customer Engagement
FY2019
GAAP operating margin11.1 %(300 bps)14.6 %12.7 %(80 bps)14.6 %
Adjusted Operating Margin1
12.3 %17.0 %14.4 %16.6 %
GAAP diluted EPS$0.59($0.25)$0.72$2.57($0.27)$3.29
Adjusted Diluted EPS1
$0.67$1.07$3.42$3.99








_____________
1 Free cash flow, constant currency ("CC") revenue growth, Adjusted Operating Margin and Adjusted Diluted Earnings Per Share ("Adjusted Diluted EPS") are not measures of financial performance prepared in accordance with GAAP. See “About Non-GAAP Financial Measures and Performance Metrics” for more information and, where applicable, reconciliations to the most directly comparable GAAP financial measures at the end of this release.


The following information was filed by Cognizant Technology Solutions Corp (CTSH) on Wednesday, February 3, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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