Cognizant Technology Solutions Corporation (CTSH) Q1 2023 Earnings Call Transcript

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Company Participants

Tyler Scott - Vice President, Investor Relations

Ravi Kumar - Chief Executive Officer

Jan Siegmund - Chief Financial Officer

Conference Call Participants

Lisa Ellis - MoffettNathanson

Bryan Bergin - TD Cowen

Ashwin Shirvaikar - Citi

Surinder Thind - Jefferies

Bryan Keane - Deutsche Bank

Operator

Ladies and gentlemen, welcome to the Cognizant Technology Solutions First Quarter 2023 Earnings Conference Call. [Operator Instructions] Thank you. I would like now to turn the conference over to Mr. Tyler Scott, Vice President and Investor Relations. Please go ahead, sir.

Tyler Scott

Thank you, operator, and good afternoon, everyone. By now, you should have received a copy of the earnings release and the investor supplement for the company’s first quarter 2023 results. If you have not, copies are available on our website, cognizant.com. The speakers we have on today’s call are Ravi Kumar, Chief Executive Officer; and Jan Siegmund, Chief Financial Officer.

Before we begin, I would like to remind you that some of the comments made on today’s call and some of the responses to your questions may contain forward-looking statements. These statements are subject to the risks and uncertainties as described in the company’s earnings release and other filings with the SEC. Additionally, during our call today, we will reference certain non-GAAP financial measures that we believe provide useful information for our investors. Reconciliations of non-GAAP financial measures where appropriate to the corresponding GAAP measures can be found in the company’s earnings release and other filings with the SEC.

With that, I’d like to turn the call over to Ravi. Please go ahead.

Ravi Kumar

Thank you, Tyler. Good afternoon, everyone. When I spoke to you early February, I was just 3 weeks into my role. I explained my plan to move rapidly up the learning curve by embarking on a global listening and learning tour with associates, clients and partners. I also mentioned that I would meet with more than 100 clients and as many of our associates as possible. In addition, I outlined three interrelated priorities: making Cognizant an employer of choice in its industry; accelerate revenue growth, especially by winning large deals; and enhancing our operational discipline. I will comment on progress of each of these areas, but first, I want to cover a few of the quarter’s financial and operational highlights.