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Cognizant COGNIZANT REPORTS FIRST QUARTER 2021 RESULTS Revenue of $ 4.4 billion grew 4.2 % year - over - year ( 2.4 % in constant currency¹ ) ~ $ 700 million deployed on acquisitions , share repurchases and dividends in Q1 2021 Digital revenue up ~ 15 % year - over - year ; now 44 % of revenue , up from 39 % in prior year period 2021 revenue growth guidance increased to 7.0-9.0 % , or 5.6-7.6 % in constant currency TEANECK , N.J. , May 5 , 2021 - Cognizant ( Nasdaq : CTSH ) , one of the world's leading professional services companies , today announced its first quarter 2021 financial results . " In the first quarter , we successfully executed our strategy of embracing digital , investing in international expansion and repositioning the Cognizant brand . Cloud migration and digital adoption create a significant opportunity for Cognizant in the coming years , " said Brian Humphries , Chief Executive Officer . " The ongoing humanitarian crisis , especially in India , is deeply concerning . We have made a series of investments to support India in this time of need and continue to prioritize the health and safety of our associates while we serve our clients . " Revenue ( in billions ) GAAP operating margin Adjusted Operating Margin¹ GAAP diluted EPS Adjusted Diluted EPS¹ Q1 2021 Exhibit 99.1 $ 4.4 15.2 % 15.2 % $ 0.95 $ 0.97 Q1 2020 $ 4.2 13.7 % 15.1 % $ 0.67 $ 0.96 First Quarter 2021 Performance by Business Segment Financial Services ( 33.1 % of revenues ) revenue grew 0.5 % year - over - year , and decreased 1.7 % in constant currency , as revenue growth generated by our digital services in both banking and insurance was offset by declining non - digital revenue as our clients continue to optimize the cost of supporting their legacy systems and operations . Healthcare ( 29.3 % of revenues ) revenue grew 7.9 % year - over - year , or 7.0 % in constant currency . Our healthcare revenue benefited from increased demand for our integrated payer software solutions and continued strong demand among our life sciences clients . Products and Resources ( 22.7 % of revenues ) revenue grew 4.6 % year - over - year , or 2.4 % in constant currency . Revenue among manufacturing , logistics , energy and utilities clients grew double - digits for the fourth consecutive quarter while retail , consumer goods , travel and hospitality clients continued to be adversely affected by the COVID - 19 pandemic . ¹ 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 .