Cognizant Technology Solutions Corporation Financial Ratios — CTSH

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	28.11	25.57	23.39	21.84	20	16	14.3	19.06	16.36	12.82	18.89	18.68	16.42	16	14.94
Return on Assets (%)	17.51	17.48	16.77	14.67	13.24	11.37	10.2	13.53	11.49	8.4	12.29	12.83	11.7	11.65	10.97
Return on Capital (%)	28.11	25.57	23.39	19.46	17.09	14.51	13.32	17.93	14.92	11.19	16.48	16.64	15.01	14.81	13.87
Return on Invested Capital (%)	22.78	23.4	22.22	18.19	16.15	13.64	12.51	17.8	15.93	12.2	16.27	16.26	15.54	15.03	13.22
Gross Margin (%)	42.19	41.76	40.46	40.16	40.08	39.88	38.2	38.99	36.64	35.92	37.3	35.93	34.56	34.34	33.72
EBITDA Margin (%)	20.59	20.66	21.01	20.39	19.91	19.78	20.23	20.58	19.04	17.34	18.37	18.21	17.95	18.08	18.37
Operating Margin (%)	18.57	18.53	18.97	18.37	17.25	16.97	17.24	17.49	15.91	13.99	15.27	15.28	15.08	15.33	15.76
Incremental Operating Margin (%)	17.96	18.36	21.14	14.59	11.94	13.73	19.95	20.3	-22.8	260.31	26.79	15.42	66.67	28.2	21.94
Pretax Margin (%)	19.1	18.89	19.09	18.75	17.43	17.48	17.93	17.35	15.15	12.59	15.28	15.52	14.4	14.89	16.48
Profit Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Net Income to Common Margin (%)	14.44	14.31	13.89	14.02	13.08	11.51	10.16	13.03	10.98	8.36	11.55	11.79	10.99	11.35	10.56
Effective Tax Rate (%)	24.42	24.24	27.21	25.21	24.95	34.15	43.43	24.96	25.29	33.59	24.51	24.2	23.97	24.27	36.16
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	17.62	22.28	24.59	34.48	23.82	24.63	27.8	26.79	27.35
Sustainable Growth Rate (%)	28.11	25.57	23.39	21.84	20	16	11.78	14.82	12.34	8.4	14.39	14.08	11.85	11.72	10.85

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
ST Debt	- -	- -	- -	700	406	81	175	9	240	249	233	182	186	185	186
LT Debt	- -	- -	- -	938	877	797	698	736	1,445	1,509	1,409	1,352	1,129	1,295	966
Total Debt/EBITDA	- -	- -	- -	0.78	0.52	0.33	0.29	0.22	0.53	0.61	0.48	0.43	0.38	0.41	0.3
Net Debt/EBITDA	-1.04	-1.03	-1.19	-0.18	-0.34	-0.43	-0.35	-0.13	-0.6	-0.69	-0.33	-0.44	-0.57	-0.37	-0.34
Total Debt/EBIT	- -	- -	- -	0.87	0.6	0.38	0.34	0.26	0.63	0.75	0.58	0.52	0.45	0.49	0.35
Net Debt/EBIT	-1.15	-1.15	-1.32	-0.2	-0.39	-0.51	-0.41	-0.15	-0.71	-0.85	-0.4	-0.52	-0.68	-0.44	-0.4
EBITDA to Interest Expense	- -	- -	- -	697.67	137.33	140.42	130.26	122.89	122.92	120.33	377.78	186.16	84.71	66.07	104.78
EBITDA-CapEx/Interest Expense	- -	- -	- -	627	122.17	124.63	117.91	108.93	107.85	103.75	346.78	168.68	76.98	60.57	97
EBIT to Interest Expense	- -	- -	- -	628.33	119	120.47	111	104.44	102.69	97.04	314	156.21	71.17	56.04	89.92
Interest Expense	- -	- -	- -	3	18	19	23	27	26	24	9	19	41	54	37
Common Equity/Total Assets	65.1	71.1	72.14	63.66	68.38	73.51	69.31	72.52	68.05	63.19	66.81	70.54	71.99	73.58	73.28
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10.48	8.59	7.01	6.11	6.02	11.37	12.12	10.38	9.57	7.72	8.01	5.92
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	18.31	12.56	7.73	7.64	6.09	13.26	14.12	12.1	10.86	8.99	9.15	7.06
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
Net Debt to Equity	-33.16	-32.34	-36.07	-4.81	-9.08	-10.78	-9.86	-3.64	-17.3	-18.26	-9.41	-12.55	-14.98	-9.18	-8.82
Net Debt/Capital (%)	-57.63	-51.2	-60.54	-5.37	-10.41	-12.39	-11.08	-3.76	-18.94	-20.25	-9.58	-12.94	-16.52	-9.49	-9.19
EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,996	3,318	3,196	2,888	3,400	3,537	3,473	3,568	3,877
EBITDA-CapEx	972	1,184	1,596	1,881	2,199	2,368	2,712	2,941	2,804	2,490	3,121	3,205	3,156	3,271	3,589
Operating Income (Loss)	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	2.01	2.08	2.11	1.46	1.82	2.14	1.78	1.66	1.15	0.77	0.77	0.75	0.79	0.63	0.52
Current Ratio	3.38	3.5	3.46	2.48	2.91	3.56	3.21	3.18	2.55	1.94	2.08	2.17	2.25	2.09	2.14
Quick Ratio	3.1	3.19	3.17	2.34	2.79	3.34	2.92	2.84	2.24	1.64	1.78	1.88	1.95	1.76	1.74
CFO/Avg Current Liab	0.82	0.91	0.9	0.67	0.82	0.64	0.92	0.93	0.88	1.01	0.71	0.75	0.7	0.61	0.8
Common Equity/Total Assets	65.1	71.1	72.14	63.66	68.38	73.51	69.31	72.52	68.05	63.19	66.81	70.54	71.99	73.58	73.28
Long-Term Debt/Equity (%)	- -	- -	- -	12.11	9.45	7.43	6.54	6.44	13.11	13.93	11.75	10.98	8.54	8.99	6.43
Long-Term Debt/Capital (%)	- -	- -	- -	10.48	8.59	7.01	6.11	6.02	11.37	12.12	10.38	9.57	7.72	8.01	5.92
Long-Term Debt/Total Assets (%)	- -	- -	- -	8.17	6.71	5.59	4.59	4.64	8.92	8.92	7.89	7.57	6.11	6.49	4.67
Total Debt/Equity (%)	- -	- -	- -	21.16	13.83	8.18	8.18	6.52	15.29	16.22	13.69	12.46	9.94	10.27	7.67
Total Debt/Capital (%)	- -	- -	- -	18.31	12.56	7.73	7.64	6.09	13.26	14.12	12.1	10.86	8.99	9.15	7.06
Total Debt/Total Assets (%)	- -	- -	- -	14.27	9.82	6.16	5.74	4.7	10.4	10.39	9.2	8.59	7.11	7.41	5.57
CFO/Total Liabilities	56.28	70.33	71.23	39.4	57.81	46.55	52.88	58.62	48.22	54.2	42.57	46.33	44.33	38.22	50.78
CFO/CapEx	3.04	3.51	5.44	6.95	8.01	5.48	8.48	6.88	6.38	8.29	8.94	7.73	7.35	7.15	10.01
Altman's Z-Score	11.11	11.68	12.84	9	9.7	9.78	9.5	9.35	8.18	8.35	9.24	7.9	9.03	8.93	9.07

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	5.58	5.82	5.91	5.67	5.88	5.61	5.46	5.33	5.21	5.25	5.57	5.28	5.06	4.99	4.97
Days Sales Outstanding	65.39	62.72	61.8	64.33	62.05	65.07	66.8	68.53	70.09	69.52	65.52	69.07	72.09	73.13	73.47
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	47.96	47.3	47.42	47.4	47.89	47.69	47.54	46.3	46.85	33.98	30.94	34.53	36.34	38.28	43.18
Accounts Payable Turnover Days	7.61	7.72	7.7	7.7	7.62	7.65	7.68	7.88	7.79	10.74	11.8	10.57	10.04	9.53	8.45
Cash Conversion Cycle	57.78	55	54.1	56.63	54.43	57.42	59.12	60.65	62.3	58.78	53.72	58.5	62.05	63.59	65.02
Inventory to Cash Days	65.39	62.72	61.8	64.33	62.05	65.07	66.8	68.53	70.09	69.52	65.52	69.07	72.09	73.13	73.47
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	19,507	22,259	30,497	32,024	36,558	34,010	42,115	36,945	34,669	44,253	46,755	29,624	38,143	38,142	40,504
- Cash & Cash Equivalents	1,311	1,570	2,213	2,010	2,125	2,034	1,925	1,161	2,645	2,680	1,792	2,191	2,621	2,231	1,901
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	1,638	1,283	878	873	745	1,685	1,758	1,642	1,534	1,315	1,480	1,152
Enterprise Value	17,075	19,396	26,749	29,887	32,892	29,719	37,932	33,179	32,930	43,287	45,678	28,657	36,823	37,379	39,742
Total Capital	3,586	4,637	5,868	8,945	10,214	11,362	11,423	12,236	12,712	12,452	13,569	14,127	14,621	16,171	16,315
Total Debt/Capital (%)	- -	- -	- -	18.31	12.56	7.73	7.64	6.09	13.26	14.12	12.1	10.86	8.99	9.15	7.06
Total Debt / EV	- -	- -	- -	0.05	0.04	0.03	0.02	0.02	0.05	0.04	0.04	0.05	0.04	0.04	0.03
EV/Sales	2.79	2.64	3.02	2.91	2.65	2.2	2.56	2.06	1.96	2.6	2.47	1.48	1.9	1.89	1.88
EV/EBITDA	13.54	12.78	14.4	14.28	13.31	11.14	12.66	10	10.3	14.99	13.43	8.1	10.6	10.48	10.25
EV/EBIT	15.02	14.25	15.94	15.86	15.36	12.98	14.86	11.77	12.33	18.59	16.16	9.66	12.62	12.35	11.95
EV/Cash Flow to Firm	19.51	16.54	18.79	20.26	14.95	17.93	15.67	12.7	13.08	13.06	18.26	11.1	15.6	17.27	13.67
EV/Free Cash Flow to Firm	14.68	12.87	15.87	17.71	13.3	15.18	14.03	11.1	11.31	11.66	16.43	9.83	13.75	15.18	12.44
Diluted Market Cap	19,962	22,597	30,782	32,254	36,810	34,178	42,257	37,072	34,731	44,335	46,844	29,682	38,143	38,219	40,587
Diluted Enterprise Value	18,651	21,027	28,569	31,881	35,968	33,022	41,205	36,656	33,771	43,413	46,694	29,025	36,837	37,468	39,838
EV per Share	28.15	32.19	44.29	49.15	54	48.96	63.97	57.01	58.91	80.16	86.68	55.32	72.92	75.36	81.44
TTM Sales	6,121	7,346	8,843	10,263	12,416	13,487	14,810	16,125	16,783	16,652	18,507	19,428	19,353	19,736	21,108
TTM EBITDA	1,261	1,518	1,858	2,093	2,472	2,668	2,996	3,318	3,196	2,888	3,400	3,537	3,473	3,568	3,877
TTM Operating Income	1,136	1,361	1,678	1,885	2,142	2,289	2,553	2,820	2,670	2,329	2,826	2,968	2,918	3,026	3,327
TTM Cash Flow to Firm	875	1,173	1,424	1,475	2,201	1,658	2,420	2,612	2,518	3,315	2,502	2,582	2,361	2,165	2,907
TTM Free Cash Flow to Firm	1,163	1,507	1,685	1,687	2,474	1,958	2,704	2,989	2,910	3,713	2,781	2,914	2,678	2,462	3,195

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	17.16	14.99	18.26	19.14	14.96	17.57	15.7	12.49	12.01	11.99	16.89	10.24	14.41	15.79	12.8
EV/EBIT	15.02	14.25	15.94	15.86	15.36	12.98	14.86	11.77	12.33	18.59	16.16	9.66	12.62	12.35	11.95
Enterprise Value	17,075	19,396	26,749	29,887	32,892	29,719	37,932	33,179	32,930	43,287	45,678	28,657	36,823	37,379	39,742
Low Price	26.77	26.96	30.46	41.51	50.71	45.44	51.52	59.47	56.73	40.01	66.19	51.33	56.45	63.79	65.15
EV/Sales	2.79	2.64	3.02	2.91	2.65	2.2	2.56	2.06	1.96	2.6	2.47	1.48	1.9	1.89	1.88
EV/EBITDA	13.54	12.78	14.4	14.28	13.31	11.14	12.66	10	10.3	14.99	13.43	8.1	10.6	10.48	10.25
Price/Earnings	22.08	21.17	24.82	22.25	22.51	21.9	28	17.58	18.82	31.79	21.88	12.94	17.94	17.03	18.16
Price/Earnings Average	24.53	19.25	19	20.67	23.36	22.38	26.07	21.15	19.75	24.71	18.86	16.29	15.6	16.44	16.68
Price/Earnings High	28.65	22.35	24.86	23.2	26.18	24.79	30.17	23.57	22.72	32.09	22.21	21.14	18.25	18.26	19.87
Price/Earnings Low	18.38	15.45	14.97	17.54	19.02	17.76	20.31	16.47	17.22	15.52	16.32	11.61	13.41	14.12	14.26
Price/Book Value	5.44	4.8	5.2	4.38	4.09	3.24	3.99	3.22	3.14	4.14	3.92	2.35	2.87	2.6	2.67
Price/Book Value Average	6.05	4.36	3.98	4.07	4.25	3.31	3.72	3.87	3.3	3.22	3.38	2.96	2.49	2.51	2.45
Price/Book Value High	7.06	5.07	5.2	4.57	4.76	3.67	4.3	4.31	3.79	4.18	3.98	3.84	2.92	2.78	2.92
Price/Book Value Low	4.53	3.5	3.14	3.45	3.46	2.63	2.9	3.01	2.88	2.02	2.92	2.11	2.14	2.15	2.1
Price/Tangible Book Value	5.47	4.99	5.48	7.32	6.08	4.71	6.03	5.44	5.78	9.3	9.07	5.45	6.36	6.51	6.24
Price/Tangible Book Value Average	6.08	4.54	4.2	6.8	6.31	4.81	5.61	6.54	6.06	7.23	7.82	6.87	5.53	6.29	5.73
Price/Tangible Book Value High	7.1	5.27	5.49	7.63	7.08	5.33	6.5	7.29	6.97	9.39	9.21	8.92	6.48	6.98	6.83
Price/Tangible Book Value Low	4.55	3.64	3.31	5.77	5.14	3.82	4.37	5.1	5.28	4.54	6.77	4.9	4.76	5.4	4.9
Price/Sales	3.19	3.03	3.45	3.12	2.94	2.52	2.84	2.29	2.07	2.66	2.53	1.52	1.97	1.93	1.92
Price/Sales Average	3.54	2.75	2.64	2.9	3.06	2.58	2.65	2.76	2.17	2.07	2.18	1.92	1.71	1.87	1.76
Price/Sales High	4.14	3.2	3.45	3.25	3.42	2.85	3.06	3.07	2.49	2.68	2.57	2.49	2.01	2.07	2.1
Price/Sales Low	2.65	2.21	2.08	2.46	2.49	2.05	2.06	2.15	1.89	1.3	1.88	1.37	1.47	1.6	1.51
Price/Cash Flow	22.29	18.98	21.42	21.74	16.72	20.67	17.5	14.25	13.87	13.41	18.74	11.54	16.37	17.96	14.05
Price/Cash Flow Average	24.77	17.26	16.39	20.2	17.35	21.12	16.29	17.14	14.56	10.43	16.15	14.53	14.23	17.34	12.9
Price/Cash Flow High	28.93	20.04	21.45	22.66	19.44	23.41	18.85	19.11	16.74	13.54	19.03	18.85	16.66	19.26	15.37
Price/Cash Flow Low	18.55	13.85	12.92	17.14	14.12	16.77	12.69	13.35	12.69	6.55	13.98	10.35	12.23	14.9	11.03
Price/Free Cash Flow Average	19.07	13.63	13.98	17.78	15.53	17.95	14.62	15.02	12.61	9.32	14.56	12.89	12.53	15.24	11.75
Price/Free Cash Flow High	22.27	15.83	18.29	19.95	17.4	19.89	16.92	16.74	14.5	12.11	17.15	16.73	14.66	16.93	14.01
Price/Free Cash Flow Low	14.28	10.94	11.02	15.09	12.64	14.25	11.39	11.7	10.99	5.85	12.6	9.19	10.77	13.1	10.05
EV/Sales Average	3.33	2.54	2.39	2.86	2.99	2.49	2.58	2.73	2.11	2.01	2.17	1.89	1.65	1.83	1.73
EV/Sales High	3.92	2.99	3.2	3.22	3.36	2.77	2.99	3.05	2.44	2.63	2.56	2.46	1.94	2.03	2.06
EV/Sales Low	2.44	2	1.83	2.42	2.42	1.96	1.99	2.12	1.83	1.24	1.88	1.33	1.41	1.57	1.47
EV/EBITDA Average	16.16	12.3	11.37	14.04	15	12.59	12.74	13.27	11.09	11.59	11.81	10.36	9.17	10.11	9.4
EV/EBITDA High	19.04	14.45	15.25	15.77	16.86	14	14.79	14.8	12.79	15.15	13.92	13.5	10.8	11.25	11.24
EV/EBITDA Low	11.84	9.67	8.71	11.88	12.15	9.9	9.85	10.31	9.62	7.16	10.22	7.33	7.83	8.66	8.01
EV/EBIT Average	17.92	13.71	12.59	15.58	17.32	14.68	14.95	15.61	13.27	14.37	14.21	12.35	10.92	11.92	10.95
EV/EBIT High	21.12	16.11	16.89	17.51	19.46	16.32	17.36	17.42	15.31	18.79	16.75	16.09	12.85	13.27	13.1
EV/EBIT Low	13.13	10.78	9.65	13.19	14.03	11.54	11.55	12.13	11.52	8.88	12.29	8.74	9.32	10.21	9.33
Last Price	32.16	36.94	50.49	52.66	60.02	56.03	71.02	63.48	62.02	81.95	88.72	57.19	75.53	76.9	83
High Price	41.74	39	50.57	54.89	69.8	63.43	76.51	85.1	74.85	82.73	90.08	93.47	76.85	82.46	90.82
Enterprise Value Average	20,367	18,669	21,126	29,377	37,092	33,593	38,156	44,022	35,428	33,473	40,154	36,653	31,861	36,070	36,441
Enterprise Value High	24,007	21,931	28,332	33,007	41,673	37,346	44,318	49,112	40,881	43,752	47,322	47,760	37,503	40,149	43,571
Enterprise Value Low	14,927	14,676	16,185	24,871	30,045	26,426	29,499	34,196	30,752	20,683	34,732	25,932	27,201	30,889	31,044

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	606	603	608	609	609	608	588	577	548	530	525	509	498	495	479
Diluted Weighted Avg Shares	621	612	610	612	613	610	595	584	560	541	528	519	505	497	489
Basic Weighted Avg Shares	607	603	604	608	609	607	593	582	559	540	527	518	505	496	488
Revenue per Share	10.09	12.19	14.64	16.88	20.38	22.22	24.97	27.71	30.02	30.84	35.12	37.51	38.32	39.79	43.25
EBITDA per Share	2.08	2.52	3.08	3.44	4.06	4.4	5.05	5.7	5.72	5.35	6.45	6.83	6.88	7.19	7.94
Operating Income per Share	1.87	2.26	2.78	3.1	3.52	3.77	4.31	4.85	4.78	4.31	5.36	5.73	5.78	6.1	6.82
Basic EPS, GAAP	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Basic EPS from Cont Ops	1.46	1.74	2.03	2.37	2.67	2.56	2.54	3.61	3.3	2.58	4.06	4.42	4.21	4.52	4.57
Diluted EPS, GAAP	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Diluted EPS from Cont Ops	1.42	1.72	2.02	2.35	2.65	2.55	2.53	3.6	3.29	2.57	4.05	4.41	4.21	4.51	4.56
Dividend per Share	- -	- -	- -	- -	- -	- -	0.45	0.8	0.81	0.89	0.97	1.09	1.17	1.21	1.25
Cash Flow per Share	1.44	1.95	2.36	2.42	3.59	2.71	4.06	4.45	4.47	6.11	4.73	4.96	4.61	4.28	5.91
Free Cash Flow per Basic Share	0.97	1.39	1.92	2.07	3.14	2.22	3.58	3.81	3.77	5.37	4.2	4.32	3.99	3.68	5.32
Cash & Equivalents per Share	4.01	4.75	6.2	6.21	8.13	8.52	8.53	7.75	6.13	5.04	5.16	4.83	5.22	4.52	3.92
Book Value per Share	5.91	7.69	9.72	12.02	14.66	17.27	17.79	19.74	19.73	19.8	22.63	24.31	26.35	29.62	31.07
Tangible Book Value per Share	5.88	7.4	9.21	7.19	9.87	11.9	11.78	11.67	10.74	8.81	9.78	10.48	11.87	11.81	13.3

Cognizant Technology Solutions Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)