Cognizant Technology Solutions Corp
CTSHQ2 2024(CTSH Q1 FY2024)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$207.1M
AI Revenue (Q)
$71.4M
Total Revenue (Q)
$4.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Cognizant's Q1 FY2024 10-Q (period ending March 31, 2024) reports $4,760M quarterly revenue. 'AI' and 'GenAI' are now defined in the glossary for the first time. A new risk factor appears: 'our ability to successfully use AI-based technologies in our client offerings and our own internal operations.' Revenue declined 1.1% YoY, negatively impacted by weakness in Financial Services and Health Sciences. No AI-specific revenue, bookings, or financial metrics disclosed. The formal addition of AI risk factors suggests growing AI exposure but does not quantify revenue. Maintaining 1.5% estimate.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $4,760 [million, Q1 2024]
10-Q, Consolidated Statements of Operations, Three Months Ended March 31, 2024
AI - Artificial intelligence; GenAI - Generative artificial intelligence [added to glossary]
10-Q, Glossary
AI Products Identified (Ring 1)
AI consulting and advisory servicesGenAI implementation servicesAI-driven analytics and automation
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Digital services and solutionsConsultingApplication developmentSystems integrationApplication maintenanceInfrastructure and securityBusiness process services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix