Cognizant (CTSH) Q2 Earnings Beat Estimates, Revenues Down Y/Y

Cognizant Technology Solutions (CTSH) reported non-GAAP earnings of $1.17 per share in second-quarter 2024, which beat the Zacks Consensus Estimate by 4.46$4.85 billion beat the consensus mark by 0.91%. The top line dropped 0.7% year over year and 0.5% at constant currency (cc). Acquisitions contributed 60 basis points (bps) to top-line growth.On a trailing twelve-month basis, bookings increased 5% year over year to $26.2 billion, which represented a book-to-b ...