Approximately, 30% of the quarter’s deal bookings were large deals (total contract value of about $50 million or more) compared to approximately 20% for all of 2022. However, a tough technology demand environment led the company to soften its revenue guidance. For the full year 2023, Cognizant now expects revenue in the range of $19.2 billion-$19.6 billion, a decline on the lower end from the $19.4 billion revenue it recorded in FY 2022.
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