Cognizant Technology Solutions Corp
CTSHQ4 2024(CTSH Q3 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$319.8M
AI Revenue (Q)
$291.9M
Total Revenue (Q)
$14.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Cognizant's Q3 FY2024 10-Q (period ending September 30, 2024) reports $5,044M quarterly revenue, up 3.0% YoY. Belcan acquisition contributed ~200bps to growth. Revenue positively impacted by Health Sciences growth. No AI-specific revenue quantification in the filing. However, the broader IT services industry has seen meaningful GenAI consulting demand growth in H2 2024. Given Cognizant's explicit strategic focus on AI and its scale as one of the largest IT services firms, I modestly increase the estimate to 2.0% reflecting expected ramp of GenAI advisory, implementation, and application modernization engagements.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $5,044 [million, Q3 2024]
10-Q, Consolidated Statements of Operations, Three Months Ended September 30, 2024
Revenue up $147 million or 3.0% from Q3 2023; an increase of 2.7% in constant currency. Our recently completed acquisitions contributed approximately 200 basis points to revenue growth.
10-Q, Item 2 MD&A, Q3 2024 Financial Results
AI Products Identified (Ring 1)
AI consulting and advisory servicesGenAI implementation and integration servicesAI-powered application modernizationAI-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 integrationEngineering research and development (Belcan)Application maintenanceInfrastructure and securityBusiness process services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix