Cognizant expects annual constant currency revenue growth of 8-11% in 2022-24

US-based IT firm Cognizant has said it expects its revenue to grow 8-11 per cent in annual constant currency terms during 2022-24. Discussing its growth strategy and outlook at an investor briefing, Cognizant said it expects to log an annual constant currency revenue growth of 8 to 11 per cent during 2022-2024 and an annual operating margin expansion of 20 to 40 basis points.

Cognizant expects to close the year 2021 with USD 18.5 billion in revenue. It said organic revenue is expected to drive over 75 per cent of growth in 2022-24, and that 2022 revenue growth is likely to be towards the high-end of the multi-year outlook.