Cognizant Technology Solutions (CTSH) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with introductions of executive leadership and board members, and a reminder about forward-looking statements and non-GAAP measures.

• The agenda included a review of strategic progress, voting on company and shareholder proposals, and a Q&A session.

Financial performance review

• Revenue in Q1 2024 exceeded the high end of guidance, with large deal momentum accelerating compared to the prior year.

• Eight large deals signed in Q1 2024, double the number from the same period last year, with diversification into Asia Pacific and Japan.

• Adjusted operating margin in Q1 2024 expanded by 50 basis points year-over-year to 15.1%.

Board and executive committee updates

• All 12 director nominees were introduced and subsequently elected to serve until the 2025 Annual Meeting.