Cognizant Technology Non-GAAP EPS of $1.08 beats by $0.04, revenue of $4.8B misses by $30M
Cognizant Technology press release  (NASDAQ:CTSH): Q1  Non-GAAP EPS of $1.08  beats by $0.04.
Revenue of $4.8B (+9.7% Y/Y)  misses by $30M.
Bookings grew 4% Y/Yr, trailing 12-month bookings of $23.4B, 1.2x book-to-bill.
During Q1, the company repurchased 5M shares for $444M at an average price of $88.22 under its share repurchase program.

Outlook: FY22 revenue growth guidance 7.2% to 9.2% toÂ $19.8-$20.2B, or 9.0% to 11.0% in constant currency. FY22 adj. operating marginÂ is expected to expand 20 to 30 basis points to 15.6% to 15.7%. FY22 adj. diluted EPS is seen betweenÂ $4.45-$4.55.Â Q2 revenue is expected to be $4.90-$4.94B or growth of . 6.8%-7.8%.