Cognizant Q4 net profit declines 2% to $546 million

BENGALURU: Cognizant on Thursday reported a 2.1% year-on-year decline in its net profit for quarter ended December 2024 to $546 million compared to $558 million in the year-ago period. The company follows a January-December calendar year.

Its revenue in the December quarter jumped 6.8% to $5,082 million as against $4,758 million in the same quarter last year. The company’s 2024 revenue stood at $19.7 billion and full-year operating margin was at 14.7%, an increase of 80 basis points YoY.