Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET

Company Participants

Tyler Scott - Vice President, Investor Relations
Ravi Kumar - Chief Executive Officer
Jatin Dalal - Chief Financial Office

Conference Call Participants

Jason Kupferberg - Bank of America
Tien-Tsin Huang - JPMorgan
Jim Schneider - Goldman Sachs
Maggie Nolan - William Blair
Jamie Friedman - Susquehanna
Bryan Keane - Deutsche Bank
Bryan Bergin - TD Cowen

Operator

Ladies and gentlemen, welcome to the Cognizant Technology Solutions Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].

I would like to turn the conference over to our host Mr. Tyler Scott, Vice President of Investor Relations. Please go ahead.

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 third quarter 2024 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 Jatin Dalal, 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 now like to turn the call over to Ravi. Please go ahead.

Ravi Kumar

Thank you, Tyler, and good afternoon, everyone. Thank you for joining our third quarter 2024 earnings call. We are pleased with our third quarter results, which delivered revenue and earnings growth while expanding adjusted margins sequentially and represented strong execution of our strategic priorities to accelerate growth, become an employer of choice in our industry and modernize operations.

We are seeing a gradual rebound of spend cycles and gaining wallet share in financial services. While our historical strength in health sciences is driving differentiation and growth. Meanwhile, a significant traction with large deals and AI-led revenue opportunities, investments in talent and a steadfast focus on operational rigor together led to a strong all-round performance.