IT services giant Cognizant Technology Solutions Corp. (NASDAQ: CTSH) reported fourth-quarter revenue fell 2.4% in constant currency, with revenue declining across geographies. The company announced earnings Feb. 6.

The number of employees at Cognizant fell by 7,600 year over year in the fourth quarter to 347,700.

Cognizant forecast first-quarter revenue will be down between 1.2% and 2.7%. In constant currency, the forecast is a decline of between 1.5% and 3.0%.

However, full-year 2024 revenue is expected to range from a decrease of 1.8% to growth of 2.2%. In constant currency, that would range from a decline of 2.0% to growth of 2.0%.

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Share price

Shares in Cognizant were down 0.18% to $78.59 as of 12:14 p.m. Eastern time today. However, they had set a 52-week high during trading on Feb. 6 when they reached $78.93.