COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS
Bookings in the fourth quarter declined 6% year-over-year.
- Bookings in the fourth quarter declined 6% year-over-year.
- Total headcount at the end of the fourth quarter was 347,700, an increase of 1,100 from Q3 2023 and a decrease of 7,600 from Q4 2022.
- Voluntary attrition - Tech Services for the year ended December 31, 2023 was 13.8% as compared to 25.6% for the year ended December 31, 2022.
- The Company repurchased 4.2 million shares for $298 million during the fourth quarter under its share repurchase program.