Page 1

Cognizant ● ● COGNIZANT REPORTS SECOND QUARTER 2021 RESULTS Revenue of $ 4.6 billion grew 14.6 % year - over - year ( 12.0 % in constant currency¹ ) Digital revenue grew approximately 20 % year - over - year $ 1.5 billion deployed on acquisitions , share repurchases and dividends year - to - date 2021 revenue growth guidance increased to 10.2-11.2 % , or 9.0-10.0 % in constant currency TEANECK , N.J. , July 28 , 2021 - Cognizant ( Nasdaq : CTSH ) , one of the world's leading professional services companies , today announced its second quarter 2021 financial results . Exhibit 99.1 " We delivered a strong second quarter , " said Brian Humphries , Chief Executive Officer . " Through targeted investments , we've been shifting our portfolio to faster - growing market segments while extending our capabilities and partnerships to help clients build modern businesses . I see a stronger , more competitive Cognizant emerging , with growing commercial momentum . We are bullish on the industry and our prospects within it . " Revenue ( in billions ) GAAP operating margin Adjusted Operating Margin¹ GAAP diluted EPS Adjusted Diluted EPS¹ Q2 2021 $ 4.6 15.2 % 15.2 % $ 0.97 $ 0.99 Q2 2020 $ 4.0 11.7 % 14.1 % $ 0.67 $ 0.82 Second Quarter 2021 Performance by Business Segment Financial Services ( 32.8 % of revenues ) revenue grew 7.6 % year - over - year , or 4.8 % in constant currency , which included the benefit of recently completed acquisitions and growth in digital revenue . Revenue declines related to our non - digital services continued to pressure results as our clients optimize the cost of supporting their legacy systems and operations . Healthcare ( 28.9 % of revenues ) revenue grew 14.5 % year - over - year , or 13.4 % in constant currency . Growth was driven in part by our integrated software solutions for our healthcare clients and broad - based demand from our life sciences customers . Products and Resources ( 23.0 % of revenues ) revenue grew 21.7 % year - over - year , or 17.8 % in constant currency , which included the benefit of recently completed acquisitions and was driven by manufacturing , logistics , energy and utilities clients . Growth among our retail , consumer goods , travel and hospitality clients reflects improving demand for our services despite continued elevated uncertainty related to the 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 .