![Cognizant Technology Solutions Corp [CTSH] reports annual net loss of $2.1 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCTSH.png&w=3840&q=75)
Cognizant Technology Solutions Corp [CTSH] reports annual net loss of $2.1 billion
Company Reports Revenue of $19.4 billion
COGNIZANT TECHNOLOGY SOLUTIONS CORP [CTSH] has reported a net loss of $2.1 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $19.4 billion
Based in TEANECK, New Jersey, COGNIZANT TECHNOLOGY SOLUTIONS CORP operates in the SERVICES sector.
In the 12 months ended December 31, 2023, the company reported total revenues of $19.35 billion, slightly lower than the previous year's figure of $19.43 billion and higher than the same period in 2021, which stood at $18.51 billion.
Cost of revenues, which excludes depreciation and amortization expenses, for the current year amounted to $12.66 billion, up from $12.45 billion in the previous year and $11.60 billion in 2021.
