Earnings release
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Cognizant COGNIZANT REPORTS THIRD QUARTER 2021 RESULTS Revenue of $ 4.7 billion grew 11.8 % year - over - year ( 11.0 % in constant currency¹ ) Digital revenue grew 18 % year - over - year Q3 bookings grew 24 % year - over - year , bringing year - to - date bookings growth to 13 % 2021 revenue growth guidance 11.1 % , or 9.8 % in constant currency TEANECK , N.J. , October 27 , 2021 - Cognizant ( Nasdaq : CTSH ) , one of the world's leading professional services companies , today announced its third quarter 2021 financial results . " I'm pleased with our third quarter performance . While the industry faces an unprecedented competition for talent , we attracted a record number of employees to Cognizant , and stayed focused on delivering against our client commitments and our strategic repositioning , " said Brian Humphries , Chief Executive Officer . " We continue to make important investments to ensure Cognizant is well positioned to serve our clients as they embrace digital business models . " Revenue ( in billions ) GAAP operating margin Adjusted Operating Margin¹ GAAP diluted EPS Adjusted Diluted EPS¹ Q3 2021 $ 4.7 15.4 % 15.8 % $ 1.03 $ 1.06 Q3 2020 $ 4.2 14.2 % 15.9 % $ 0.64 $ 0.97 Third Quarter 2021 Performance by Business Segment Financial Services revenue grew 5.1 % year - over - year , or 4.3 % in constant currency , which included the benefit of recently completed acquisitions and revenue growth generated by our digital services in both banking and insurance . Declines related to our non - digital services reflected clients ' continued focus on cost optimization of supporting their legacy systems and operations . Healthcare revenue grew 10.0 % year - over - year , or 9.8 % in constant currency . Revenue growth among our life sciences clients was driven by increased demand for our services among pharmaceutical companies . Revenue growth among our healthcare customers benefited from increased demand for our integrated software solutions . Products and Resources revenue grew 19.4 % year - over - year , or 18.1 % in constant currency , which included the benefit of recently completed acquisitions and revenue growth driven by our clients ' adoption of digital technologies . We experienced improved demand across retail , consumer goods , travel , and hospitality following the negative impact from the pandemic in 2020 . 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 .