• Cognizant Technology Solutions average return on tangible equity for 2023 was 39.53, a 9.79% decline from 2022.
• Cognizant Technology Solutions average return on tangible equity for 2022 was 43.82, a 17.17% decline from 2021.
• Cognizant Technology Solutions average return on tangible equity for 2021 was 37.4, a 34% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.