• Cognizant Technology Solutions average gross margin for 2023 was 34.92%, a 4.28% decline from 2022.
• Cognizant Technology Solutions average gross margin for 2022 was 36.48%, a 1.59% decline from 2021.
• Cognizant Technology Solutions average gross margin for 2021 was 37.07%, a 3.43% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.