Cognizant Technology Solutions Corp (CTSH) Q4 2019 Earnings Call Transcript

Cognizant Technology Solutions Corp (CTSH) Q4 2019 Earnings Call Transcript

Cognizant Technology Solutions Corp ( NASDAQ:CTSH ) Q4 2019 Earnings Call Feb 5, 2020 , 5:00 p.m. ET. The speakers we have on today's call are Brian Humphries, Chief Executive Officer; and Karen McLoughlin, Chief Financial Officer.. From an industry segments view, Q4 Financial Services global revenue grew 1.5% year over year in constant currency.. Full year insurance revenue growth slowed primarily due to a modest decline in North America, albeit with a return in the second half of the year where we saw growth in Q3 and Q4 year-over-year.. Both global accounts and local accounts declined for the full year.. Our other two segments, Products and Resources and Communications, Media and Technology, posted high single-digit revenue growth in constant currency year-over-year, down from double digits in prior quarters.. Revenue growth in the technology segment slowed meaningfully in the quarter, following our recent announcement to exit a subset of the content services business over the coming quarters.. As we make these investments in automation, training, marketing and sales, we've been diligently reducing our cost structure to ensure we can be fit for growth.. We've been energetically communicating and contextualizing the reasons for the changes we're going through and engaging the