Company recognized for employee satisfaction, revenue growth and sustainability transparency
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has been named to TIME's list of World's Best Companies 2026 for the third consecutive year. This prestigious recognition identifies 1,000 top-performing companies that set the standard for employee satisfaction, revenue growth and sustainability transparency on a global stage.
TIME and Statista evaluated the World's Best Companies 2026 across three dimensions: employee satisfaction, revenue growth, and sustainability transparency. Employee satisfaction drew on survey data from more than 200,000 employees worldwide, incorporating both direct recommendations and peer evaluations. Revenue growth was assessed based on companies demonstrating growth over the past three years, with revenues exceeding 100 million USD. Sustainability transparency was evaluated based on environmental impact, social responsibility, and governance practices.
"Being recognized on TIME's World's Best Companies list reflects the strength of our talent and culture around the world," said Kathy Diaz, Chief People Officer, Cognizant. "As an AI Builder serving many of the world's leading organizations, we create opportunities for our associates to build expertise at the frontier of technology, shape meaningful careers and make an impact through the work they do every day."
This recognition adds to a growing list of global accolades for Cognizant, including being certified as Great Place to Work® in 31 countries and being named to Ethisphere's World's Most Ethical Companies list. Together, these distinctions reflect the strength and consistency of Cognizant's culture across its global workforce.
Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, business-relevant data and various market and consumer studies and surveys.
To view the full World's Best Companies 2026 list, visit TIME's website.
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
NEOS Investment Management LLC lowered its position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 77.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,063 shares of the information technology service provider’s stock after selling 262,380 shares during the period. NEOS Investment Management LLC’s holdings in Cognizant Technology Solutions were worth $3,023,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in Cognizant Technology Solutions in the 3rd quarter valued at $25,000. Prosperity Bancshares Inc acquired a new position in Cognizant Technology Solutions during the fourth quarter worth $29,000. Signature Equity Partners LLC lifted its stake in shares of Cognizant Technology Solutions by 102.4% in the first quarter. Signature Equity Partners LLC now owns 599 shares of the information technology service provider’s stock valued at $37,000 after buying an additional 303 shares in the last quarter. Reflection Asset Management acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at about $40,000. Finally, MV Capital Management Inc. acquired a new position in shares of Cognizant Technology Solutions during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 92.44% of the company’s stock.
CTSH stock opened at $62.31 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.11. The firm has a market cap of $28.07 billion, a PE ratio of 13.40, a P/E/G ratio of 1.16 and a beta of 0.83. The business has a 50 day moving average of $52.97 and a 200-day moving average of $54.98. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). Cognizant Technology Solutions had a return on equity of 17.70% and a net margin of 10.26%.The business had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. As a group, sell-side analysts expect that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current year. Cognizant Technology Solutions declared that its board has authorized a share buyback plan on Monday, May 18th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Cognizant Technology Solutions Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.32 annualized dividend and a yield of 2.1%. Cognizant Technology Solutions’s payout ratio is currently 28.39%.
Analysts Set New Price Targets CTSH has been the topic of a number of analyst reports. Daiwa Securities Group lowered their target price on shares of Cognizant Technology Solutions from $65.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Cognizant Technology Solutions in a report on Friday, July 10th. Robert W. Baird set a $68.00 target price on Cognizant Technology Solutions in a report on Thursday, July 30th. Truist Financial initiated coverage on Cognizant Technology Solutions in a research report on Monday, June 1st. They set a “hold” rating and a $66.00 target price on the stock. Finally, Berenberg Bank set a $59.00 price target on Cognizant Technology Solutions and gave the stock a “hold” rating in a report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cognizant Technology Solutions currently has a consensus rating of “Hold” and a consensus price target of $63.00.
Check Out Our Latest Stock Report on CTSH
Cognizant Technology Solutions Company Profile (Free Report)
Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.
Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.
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Cognizant Technology Solutions Corporation (CTSH) Citi's 2026 Global TMT Conference September 8, 2026 10:10 AM EDT
Company Participants
Jatin Dalal - Chief Financial Officer
Conference Call Participants
Bryan Keane - Citigroup Inc., Research Division
Presentation
Bryan Keane
Citigroup Inc., Research Division
Welcome. I'm Bryan Keane. I cover IT services here at Citi.
And we're excited to have Cognizant here for a fireside chat. We've got Jatin Dalal, who's the CFO. We're going to run through a list of questions, and if you have any in the audience, feel free to raise your hand and we'll run a mic or I'll repeat the question for you.
But first, Jatin, thanks for coming and thanks for being here.
Jatin Dalal
Chief Financial Officer
No, thank you. Thank you for hosting us. I appreciate the opportunity.
Question-and-Answer Session
Bryan Keane
Citigroup Inc., Research Division
Yes. So I wanted to start kind of high level thinking about the IT services industry. It's growing revenue well below its historical norms. How much do you think can be explained by the geopolitical turmoil versus the secular industry pressures from AI?
Jatin Dalal
Chief Financial Officer
I think it's an interesting question to start. If you see, there is -- the industry has seen now more than a few years or 2 or 3 years of slow growth. In our assessment, it is partially the secular pressure, but it's also the lack of discretionary spend. Because for example, in BFSI, Cognizant grew double-digit in quarter 2. And that was notwithstanding the secular pressure because of AI-led productivity and everything else that is going sort of around the world.
So I think it is some amount of secular pressure, but it is also largely the lack of discretionary spend in the rest of the sector which is sort of
Cognizant expands its commitment to America's workforce by hiring U.S. college graduates, scaling new AI-era job categories, leading a national worker-transition coalition and doubling a global AI skilling commitment to two million people
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI Builder and technology services provider, today detailed how it is building and preparing the American workforce for the AI era. The Company's research finds that AI could unlock $4.5 trillion in U.S. labor productivity and $1 trillion in additional U.S. economic value over the next decade, and Cognizant is committed to helping American workers capture that opportunity first. Cognizant plans to hire 1,500 U.S. college graduates and scale a new Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people, backed by annual direct hiring from universities. The company's position is that AI should expand opportunity for American workers, not shrink it.
That commitment extends beyond Cognizant's own hiring. The company has also joined RAISE US, a new bipartisan national coalition, with Ravi Kumar S serving on its Advisory Board, and signed the White House's Pledge to America's Youth: Investing in Artificial Intelligence (AI) Education. Furthering that commitment, Cognizant's global Synapse skilling initiative has already surpassed its original goal of training one million people a full year ahead of schedule, prompting Cognizant to double its ambition to two million by 2030.
"We are hiring American graduates, standing up new American job categories for the AI era, and putting Cognizant's capital and leadership behind a national coalition built to make sure this transition works for workers," said Ravi Kumar S, Chief Executive Officer of Cognizant. "We believe AI will create significantly more jobs than it displaces and shift greater value, wages and accountability to the frontlines of America's workforce. The opportunity now is to build those pathways quickly, so American workers and enterprises capture that value first."
Building the American AI-Era Workforce
As Cognizant continues to invest in homegrown talent, the company aims to hire graduates from across the country and draw on its university partnerships with the University of Georgia, Arizona State University and the University of Kentucky, as well as its role as a national program sponsor of registered apprenticeships with the U.S. Department of Labor, to hire its 2026 graduate roles.
The company is also scaling Frontier Certified Engineers and Frontier Business Operators, a new AI-era professional job family, to a combined 15,000 people, with university hiring built into the model. The approach is already delivering results: a Frontier Certified Engineer and Frontier Business Operator pod recently reimagined a large food-service company's account-management workflow into seventeen production AI agents, reclaiming roughly eleven hours per account manager each week. That workforce is being built on the leading frontier AI platforms: Cognizant holds more than 15,000 Claude certifications, the most of any Anthropic partner globally, and 5,000 Codex certifications as one of a small group of global OpenAI Codex partners, while Google Cloud is expanding its Gemini Enterprise partnership with Cognizant around Frontier Certified Engineers and scaled client execution. Cognizant is building a leading enterprise AI implementation position among frontier AI providers, and American workers trained in these roles get direct access to the tools defining the AI era.
"AI is fundamentally reshaping job roles across sectors, and the workforce should be helping drive that change instead of scrambling to keep up with it," said Surya Gummadi, President, Americas, Cognizant. "That's why we're hiring U.S. graduates directly into the roles this shift is creating. Frontier Certified Engineers and Frontier Business Operators are real, funded positions at Cognizant today, and they are proof that this transition creates opportunity for American workers, not just disruption."
Leading a National Coalition for Worker Transition
RAISE US was launched by former Commerce Secretary Gina Raimondo and former Indiana Governor Eric Holcomb to help American workers transition into the AI economy. Ravi Kumar S sits on its Advisory Board alongside leaders from Amazon, Anthropic, Bank of America, IBM, Microsoft and the OpenAI Foundation. The coalition launched with state partnerships in Arkansas, Connecticut, Maryland and Utah and aims to mobilize $1 billion to fund worker retraining, redeployment incentives and new earn-and-learn training pathways.
"America has a technology strategy for leading the global AI competition. It does not yet have a people strategy — and we cannot lead without one," said Gina Raimondo, CEO of RAISE US, at the coalition's launch. Kumar added: "RAISE US gives us a platform to advance the work we've already started at Cognizant, and to co-design and scale these models with industry and state partners to strengthen workforce transitions across the U.S."
Expanding Skilling, Education and Philanthropic Commitments
Beyond Synapse, Cognizant has awarded $70 million in philanthropic grants since 2018 to expand access to STEM education and technology careers and has built a global strategic partnership with Pearson and a workforce-development collaboration with the Association of Community College Trustees. Research from Cognizant and Oxford Economics underpinning these commitments estimates that AI is already capable of performing $4.5 trillion worth of U.S. work tasks today, with generative AI poised to inject $1 trillion into the U.S. economy over the next decade. Cognizant frames the gap between that potential and what enterprises are realizing today as a workforce problem the company intends to help solve through direct investment in American training infrastructure.
"Every one of these efforts points to the same conclusion," said Kumar. "The AI economy will be built by people who know how to work with AI, not by AI alone. Cognizant is proving that at scale, in American classrooms, on American campuses and inside American statehouses, and we intend to keep leading."
About Cognizant
Cognizant is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or @cognizant.
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Cognizant expands its commitment to America's workforce by hiring U.S. college graduates, scaling new AI-era job categories, leading a national worker-transition coalition and doubling a global AI skilling commitment to two million people
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI Builder and technology services provider, today detailed how it is building and preparing the American workforce for the AI era. The Company's research finds that AI could unlock $4.5 trillion in U.S. labor productivity and $1 trillion in additional U.S. economic value over the next decade, and Cognizant is committed to helping American workers capture that opportunity first. Cognizant plans to hire 1,500 U.S. college graduates and scale a new Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people, backed by annual direct hiring from universities. The company's position is that AI should expand opportunity for American workers, not shrink it.
That commitment extends beyond Cognizant's own hiring. The company has also joined RAISE US, a new bipartisan national coalition, with Ravi Kumar S serving on its Advisory Board, and signed the White House's Pledge to America's Youth: Investing in Artificial Intelligence (AI) Education. Furthering that commitment, Cognizant's global Synapse skilling initiative has already surpassed its original goal of training one million people a full year ahead of schedule, prompting Cognizant to double its ambition to two million by 2030.
"We are hiring American graduates, standing up new American job categories for the AI era, and putting Cognizant's capital and leadership behind a national coalition built to make sure this transition works for workers," said Ravi Kumar S, Chief Executive Officer of Cognizant. "We believe AI will create significantly more jobs than it displaces and shift greater value, wages and accountability to the frontlines of America's workforce. The opportunity now is to build those pathways quickly, so American workers and enterprises capture that value first."
Building the American AI-Era Workforce
As Cognizant continues to invest in homegrown talent, the company aims to hire graduates from across the country and draw on its university partnerships with the University of Georgia, Arizona State University and the University of Kentucky, as well as its role as a national program sponsor of registered apprenticeships with the U.S. Department of Labor, to hire its 2026 graduate roles.
The company is also scaling Frontier Certified Engineers and Frontier Business Operators, a new AI-era professional job family, to a combined 15,000 people, with university hiring built into the model. The approach is already delivering results: a Frontier Certified Engineer and Frontier Business Operator pod recently reimagined a large food-service company's account-management workflow into seventeen production AI agents, reclaiming roughly eleven hours per account manager each week. That workforce is being built on the leading frontier AI platforms: Cognizant holds more than 15,000 Claude certifications, the most of any Anthropic partner globally, and 5,000 Codex certifications as one of a small group of global OpenAI Codex partners, while Google Cloud is expanding its Gemini Enterprise partnership with Cognizant around Frontier Certified Engineers and scaled client execution. Cognizant is building a leading enterprise AI implementation position among frontier AI providers, and American workers trained in these roles get direct access to the tools defining the AI era.
"AI is fundamentally reshaping job roles across sectors, and the workforce should be helping drive that change instead of scrambling to keep up with it," said Surya Gummadi, President, Americas, Cognizant. "That's why we're hiring U.S. graduates directly into the roles this shift is creating. Frontier Certified Engineers and Frontier Business Operators are real, funded positions at Cognizant today, and they are proof that this transition creates opportunity for American workers, not just disruption."
Leading a National Coalition for Worker Transition
RAISE US was launched by former Commerce Secretary Gina Raimondo and former Indiana Governor Eric Holcomb to help American workers transition into the AI economy. Ravi Kumar S sits on its Advisory Board alongside leaders from Amazon, Anthropic, Bank of America, IBM, Microsoft and the OpenAI Foundation. The coalition launched with state partnerships in Arkansas, Connecticut, Maryland and Utah and aims to mobilize $1 billion to fund worker retraining, redeployment incentives and new earn-and-learn training pathways.
"America has a technology strategy for leading the global AI competition. It does not yet have a people strategy — and we cannot lead without one," said Gina Raimondo, CEO of RAISE US, at the coalition's launch. Kumar added: "RAISE US gives us a platform to advance the work we've already started at Cognizant, and to co-design and scale these models with industry and state partners to strengthen workforce transitions across the U.S."
Expanding Skilling, Education and Philanthropic Commitments
Beyond Synapse, Cognizant has awarded $70 million in philanthropic grants since 2018 to expand access to STEM education and technology careers and has built a global strategic partnership with Pearson and a workforce-development collaboration with the Association of Community College Trustees. Research from Cognizant and Oxford Economics underpinning these commitments estimates that AI is already capable of performing $4.5 trillion worth of U.S. work tasks today, with generative AI poised to inject $1 trillion into the U.S. economy over the next decade. Cognizant frames the gap between that potential and what enterprises are realizing today as a workforce problem the company intends to help solve through direct investment in American training infrastructure.
"Every one of these efforts points to the same conclusion," said Kumar. "The AI economy will be built by people who know how to work with AI, not by AI alone. Cognizant is proving that at scale, in American classrooms, on American campuses and inside American statehouses, and we intend to keep leading."
About Cognizant
Cognizant is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at cognizant.ai or @cognizant.
AXQ Capital LP boosted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 744.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,121 shares of the information technology service provider’s stock after buying an additional 96,195 shares during the period. Cognizant Technology Solutions makes up 0.5% of AXQ Capital LP’s investment portfolio, making the stock its 28th biggest holding. AXQ Capital LP’s holdings in Cognizant Technology Solutions were worth $4,226,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Security National Bank of SO Dak boosted its position in shares of Cognizant Technology Solutions by 0.6% in the second quarter. Security National Bank of SO Dak now owns 24,635 shares of the information technology service provider’s stock valued at $1,922,000 after acquiring an additional 150 shares during the period. Advisory Alpha LLC grew its position in shares of Cognizant Technology Solutions by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 5,987 shares of the information technology service provider’s stock valued at $497,000 after purchasing an additional 163 shares in the last quarter. Quarry LP increased its holdings in shares of Cognizant Technology Solutions by 23.9% in the fourth quarter. Quarry LP now owns 844 shares of the information technology service provider’s stock worth $70,000 after purchasing an additional 163 shares during the period. Root Financial Partners LLC raised its position in shares of Cognizant Technology Solutions by 26.8% in the fourth quarter. Root Financial Partners LLC now owns 780 shares of the information technology service provider’s stock worth $65,000 after buying an additional 165 shares in the last quarter. Finally, Altman Advisors Inc. raised its position in shares of Cognizant Technology Solutions by 0.7% in the fourth quarter. Altman Advisors Inc. now owns 23,313 shares of the information technology service provider’s stock worth $1,935,000 after buying an additional 167 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.
Wall Street Analyst Weigh In Several equities analysts recently commented on CTSH shares. Guggenheim restated a “buy” rating and set a $65.00 target price (down from $80.00) on shares of Cognizant Technology Solutions in a research report on Monday, July 27th. Robert W. Baird set a $68.00 price target on Cognizant Technology Solutions in a report on Thursday, July 30th. Mizuho set a $64.00 price target on Cognizant Technology Solutions in a research report on Thursday, August 6th. Wedbush raised Cognizant Technology Solutions from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $70.00 in a report on Monday, June 8th. Finally, Berenberg Bank set a $59.00 price objective on shares of Cognizant Technology Solutions and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Ten analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and a consensus target price of $63.00.
Check Out Our Latest Research Report on CTSH Cognizant Technology Solutions Price Performance CTSH opened at $64.64 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $29.12 billion, a P/E ratio of 13.90, a PEG ratio of 1.19 and a beta of 0.83. The stock has a 50-day moving average price of $52.05 and a 200-day moving average price of $55.03. Cognizant Technology Solutions Corporation has a 12-month low of $37.08 and a 12-month high of $87.03.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The information technology service provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.01). The firm had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Cognizant Technology Solutions had a net margin of 10.26% and a return on equity of 17.70%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. Cognizant Technology Solutions has set its FY 2026 guidance at 5.700-5.820 EPS. Equities analysts predict that Cognizant Technology Solutions Corporation will post 5.71 earnings per share for the current fiscal year.
Cognizant Technology Solutions Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 28.39%.
Cognizant Technology Solutions declared that its Board of Directors has initiated a share buyback plan on Monday, May 18th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the information technology service provider to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
(Free Report)
Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.
Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.
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TEANECK, N.J., Sept. 1, 2026 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI builder and technology services provider, today announced its participation in the following investor conferences: Citi 's 2026 Global TMT Conference Presenter: Jatin Dalal, Chief Financial Officer Date: Tuesday, September 8, 2026 Time: 10:10-10:45 AM ET 2026 Truist Securities Technology Symposium Presenter: Ravi Kumar S, Chief Executive Officer Date: Tuesday, September 15, 2026 Time: 2:00-2:40 PM ET Live audio webcasts of the presentations will be available at Cognizant's website: http://investors.cognizant.com Replays of the webcasts will remain available on the company's website for 90 days.
Collaboration introduces Cognizant Cybersecurity for Operational Technology, powered by CrowdStrike Falcon® for XIoT
, /PRNewswire/ -- Cognizant (NASDAQ: CTSH) and CrowdStrike (NASDAQ: CRWD) today announced an expanded collaboration to introduce Cognizant Cybersecurity for Operational Technology, an Operational Technology (OT) security service powered by CrowdStrike Falcon® for XIoT. The service combines Cognizant's industrial engineering expertise and managed security operations with CrowdStrike's unified visibility and protection across XIoT and IT environments designed to help protect mission-critical assets.
As IT and OT environments continue to converge, industrial organizations face increasing cybersecurity risk. Legacy assets, expanded connectivity, remote access, and the proliferation of Industrial Internet of Things (IIoT) technologies are creating attack surfaces that traditional security approaches may not fully address. In OT environments, a successful cyberattack may disrupt production, affect safety systems or damage to critical operations. This underscores the need for cybersecurity strategies tailored to each organization's unique operational environment.
"Organizations are increasingly looking for cybersecurity solutions that reflect the realities of their unique operating environments," said Vishal Salvi, SVP & Global Head of Cybersecurity, Cognizant. "As an AI Builder, Cognizant understands that effective cybersecurity must be tailored to each client's operational context. Together with CrowdStrike, we're bringing a unified approach that combines CrowdStrike security technology with deep industrial expertise to help clients reduce risk, strengthen resilience and protect critical operations."
Cognizant's OT Security service, powered by Falcon for XIoT, is designed to provide unified visibility and protection across XIoT and IT environments, combined with 24x7 managed operations to help protect critical assets while helping minimize disruption to industrial processes. Cognizant's engagement model follows an assess, architect, act and assure lifecycle across six OT security domains, supporting a structured, end-to-end approach from initial asset discovery through continuous governance.
"IT and OT convergence has erased the boundaries adversaries once faced," said Daniel Bernard, Chief Business Officer at CrowdStrike. "Together, CrowdStrike and Cognizant are bringing AI-powered protection across IT and OT to stop breaches without disrupting the critical operations businesses depend on – all on cybersecurity's winning single platform, Falcon."
The service's capabilities span OT asset discovery and visibility, threat detection and response, vulnerability management, attack surface management, identity and data protection, and governance and compliance. The partnership, which originated in 2025, has already secured clients across manufacturing, energy and critical infrastructure sectors.
Together, Cognizant and CrowdStrike aim to help organizations modernize OT security while protecting the critical operations their businesses depend on to run.
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
For more information, contact:
About CrowdStrike
CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world's most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/
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Cognizant CEO honored for helping redefine enterprise AI transformation through workforce reinvention and next-generation operating models
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that, for the second consecutive year, Ravi Kumar S, Chief Executive Officer of Cognizant, has been named to the 2026 TIME100 AI list, TIME's annual recognition of the world's most influential leaders, innovators and thinkers shaping the future of artificial intelligence.
The recognition comes amid Cognizant's emergence as one of the industry's leading AI builders. Under Ravi's leadership, the company has invested heavily in enterprise AI capabilities, pioneered approaches such as context engineering, expanded AI deployments across industries and advanced a three-vector strategy centered on hyperproductivity, industrialized AI and enterprise agentification. Industry analysts have described Cognizant's AI strategy as among the most forward-looking in the sector and highlighted the company's positioning to help clients bridge the value gap between AI investment and business value realization.
"Ravi is one of the few CEOs in the world actively shaping the AI revolution. While many leaders are still debating AI's potential, he has positioned Cognizant to help define what an AI-powered enterprise looks like, combining technology, talent and operating model transformation at scale," said Stephen J. Rohleder, Chair, Cognizant Board of Directors. "Ravi's vision is helping reforge the industry's first principles by challenging long-standing assumptions about how technology services are delivered, how business value is created, and how human ingenuity and AI will come together to drive growth and competitive advantage. This recognition from TIME reflects Ravi's influence on the global AI conversation and Cognizant's emergence as one of the leading AI builders shaping the next era of enterprise transformation."
Ravi has championed a vision of enterprises becoming flatter, faster and more networked, with expertise increasingly democratized through AI and interdisciplinary teams solving complex business challenges. He has argued that AI should augment human potential, broaden opportunities for early-career talent and help organizations rapidly adapt to changing business conditions. These ideas have become central to Cognizant's approach to workforce transformation, innovation and client delivery.
"AI is creating one of the most significant shifts in how organizations operate and compete," said Ravi Kumar S, CEO of Cognizant. "The future will belong to enterprises that can continuously sense change, adapt quickly and combine human ingenuity with artificial intelligence to solve real-world problems. AI has the potential to unlock $4.5 trillion in U.S. labor productivity, but only for those who can reimagine their operating models and embrace a new production function. I am honored by this recognition from TIME and share it with Cognizant associates around the world who are helping clients reimagine work and accelerate innovation."
Over the past year, Cognizant has continued to expand its AI capabilities and scale adoption across its global client base. The company now supports more than 8,000 AI engagements across industries and continues to invest in proprietary capabilities, AI research, innovation programs and workforce development initiatives. More than 40% of the company's code is now AI-assisted, reflecting its adoption of Software 2.0 principles and its focus on compounding systems that drive value realization for clients. Cognizant has also expanded its Synapse initiative, which aims to equip two million people with AI and digital skills by 2030, reflecting the company's belief that AI fluency should be broadly accessible. Internally, the company has become a living example of enterprise AI adoption, reimagining workflows and career paths around the opportunities created by AI, including frontier roles that combine deep domain expertise with AI fluency and human-centered problem solving. Cognizant has certified 10,000 associates on Anthropic's Claude and 10,000 associates on OpenAI Codex, while continuing to expand other frontier AI capabilities across its workforce. These investments support Ravi's vision of a broader, more networked organization where expertise is democratized, early-career talent can contribute and advance more quickly and human ingenuity is amplified through AI.
Ravi has been a prominent voice on the future of AI, the evolution of work and the importance of creating pathways for workers to thrive in an AI-enabled economy. His perspectives on AI adoption, talent development, context engineering and enterprise transformation have contributed to broader conversations about responsible AI adoption and the redesign of work.
The TIME100 AI list recognizes individuals whose work is having a profound impact on the development and application of artificial intelligence across business, government, research and society.
For more information about the TIME100 AI list, visit TIME.com.
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai.
For more information, contact:
Jeff DeMarrais
[email protected]
It has been about a month since the last earnings report for Cognizant (CTSH - Free Report) . Shares have added about 18.3% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Cognizant due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
Cognizant Q2 Earnings Miss Estimates, Revenues Beat, Rise Y/YCognizant reported second-quarter 2026 adjusted earnings of $1.37 per share, up 4.6% year over year, but lagging the Zacks Consensus Estimate by 0.7%. Higher interest expense related to Astreya acquisition funding and share repurchases weighed on earnings.
Revenues of $5.48 billion increased 4.5% year over year and surpassed the consensus mark by 0.03%. The revenue figure reflected 4.1% growth in constant currency (cc). Financial Services revenues jumped 12% year over year, while trailing 12-month bookings rose 5% to $29.1 billion. This represented a book-to-bill ratio of approximately 1.3X. However, second-quarter bookings declined 6% year over year.
Cognizant signed seven deals with total contract values exceeding $100 million, including three new-logo contracts. Management noted stronger activity in the $25-million-to-$100-million deal range and said new and expansion bookings grew in the mid-teens during the first half.
CTSH’s Financial Services Momentum ContinuesFinancial Services revenues hit $1.73 billion, which reflected 11.7% growth at cc. Growth remained broad-based across banking, capital markets and insurance clients as large contracts moved into execution.
North American Financial Services revenues climbed 15.2% year over year to $1.26 billion. Europe and Rest of World revenues rose 4.1% and 4.5%, respectively. Management also highlighted demand for legacy modernization, data services and AI-led transformation.
Health Sciences revenues totaled $1.57 billion, up 1.4% year over year and 1% in cc. Demand remained cautious and cost-focused as clients prioritized vendor consolidation, compliance and modernization projects with measurable returns.
Products and Resources revenues rose 1.2% year over year to $1.32 billion, while growth at cc was 0.7%. Communications, Media and Technology revenues increased 1.5% year over year to $854 million, reflecting strength in technology customers despite muted demand across communications and media.
CTSH’s North American Business Leads GrowthNorth America revenues advanced 5.5% year over year to $4.13 billion, with the same growth rate at cc. Large-deal ramps, third-party product sales and demand for AI infrastructure supported performance in the region.
Europe revenues increased 2.5% year over year to $1.03 billion but rose only 0.8% in cc. Rest of World revenues declined 1.2% year over year to $327 million and fell 1.5% in cc. Third-party product sales contributed about 170 basis points (bps) to overall revenue growth.
CTSH’s Q2 Operating DetailsSelling, general & administrative expenses, as a percentage of revenues, contracted 220 bps year over year to 13.3%.
Total headcount at the end of the second quarter was 356,700, a decrease of 900 from March 31, 2026 and an increase of 12,900 from June 30, 2025.
Voluntary attrition - Tech Services on a trailing 12-month basis was 13% in the second quarter of 2026 compared with 12.3% and 12.6% for the periods ended March 31, 2026, and June 30, 2025, respectively.
Adjusted operating margin expanded 40 bps year over year to 16%. Operational efficiencies and favorable currency movements more than offset higher compensation, third-party costs and the impact of recent acquisitions.
CTSH’s Balance Sheet DetailsCTSH had cash and short-term investments of $1.05 billion as of June 30, 2026, compared with $1.52 billion as of March 31, 2026. As of June 30, 2026, the company had a total debt of $1.56 billion, up from $568 million reported as of March 31, 2026.
Operating cash flow increased to $558 million from $398 million a year earlier. Free cash flow rose to $459 million from $331 million, bringing the first-half total to $657 million.
Cognizant repurchased 22.5 million shares for $1.15 billion during the reported quarter and completed the $634-million Astreya acquisition. The company had $2.338 billion remaining under its repurchase authorization at the end of the reported quarter.
Cognizant Raises Earnings View, Trims Revenue OutlookFor the third quarter of 2026, Cognizant expects revenues between $5.60 billion and $5.68 billion. This implies reported growth of 3.4-4.9% and growth between 3.8% and 5.3% at cc, including an inorganic contribution of roughly 200 bps.
For 2026, the company now expects revenues of $22.04-$22.35 billion, representing growth between 4%-5.5% at cc. The revised range reflects continued pressure on discretionary spending. Adjusted operating margin guidance remains in the 16%-16.2% range, which reflects expansion between 20 bps and 40 bps.
Adjusted earnings guidance was raised to $5.70-$5.82 per share from $5.63-$5.77, implying growth of 8-10%. The increase reflects a lower expected share count following aggressive repurchases, partly offset by higher interest expense.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.
VGM ScoresCurrently, Cognizant has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Cognizant has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerCognizant belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, Roper Technologies (ROP - Free Report) , has gained 8.6% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Roper Technologies reported revenues of $2.11 billion in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $5.38 for the same period compares with $4.87 a year ago.
Roper Technologies is expected to post earnings of $5.79 per share for the current quarter, representing a year-over-year change of +12.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.
Roper Technologies has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Computer and Technology stock. CTSH has a Momentum Style Score of B, and shares are up 26.8% over the past four weeks.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $5.71 per share. CTSH also boasts an average earnings surprise of +3.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CTSH should be on investors' short list.
Transforming the Research Lifecycle Through Integrated Data Management, Advanced Automation, and AI-Driven Workflows
, /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that it will support the introduction and implementation of Benchling, the AI platform for R&D at Tokyo Research Park and Fuji Research Park, research sites in Japan operated by Kyowa Kirin Co., Ltd.
Benchling gives scientists a single place to capture structured data, run AI models and agents and automate the workflows that move discovery and development forward. Through Cognizant's implementation support, researchers in the Research Division of Kyowa Kirin will be able to efficiently and seamlessly conduct a range of research activities, from experiment planning and execution to data collection and use of AI, within a single environment. This implementation demonstrates Kyowa Kirin's strong commitment to accelerating R&D productivity by addressing an expanding pipeline and increasingly advanced and diverse research needs. Cognizant will support this effort through centralized data management, enhanced molecular design processes and workflow automation.
Kyowa Kirin is a global specialty pharmaceutical company with strengths in specific disease areas, including bone and mineral disorders, intractable hematologic diseases and hemato oncology and rare diseases. At its three research facilities worldwide, the company is pursuing innovative modalities such as advanced antibody technologies and hematopoietic stem cell gene therapy. By integrating "disease science" with "drug discovery technologies" that identify optimal solutions based on scientific insights, Kyowa Kirin is accelerating the creation of life-changing value.
To further advance these initiatives, the company needed a platform that could support cutting-edge scientific research through automation and AI, together with an experienced implementation partner to deploy, operate and manage it at scale.
With this implementation, Benchling is expected to help automate experimental design and data collection, accelerating the research cycle from drug discovery target identification through to new drug candidate selection. Benchling connects directly with Kyowa Kirin's laboratory instruments, enabling data to be captured automatically as structured, searchable records without manual entry. Benchling also supports collaboration across the research process and provides Kyowa Kirin's researchers with agentic and analytical capabilities that understand scientific context. In addition, the AI platform is expected to help researchers conduct molecular design, access years of experimental history, generate reports and analyze relationships across research activities more efficiently.
In collaboration with Benchling, Cognizant is expected to provide end-to-end support across the entire process, from platform setup to data migration, system implementation and ongoing maintenance following deployment. In addition, by optimizing data flows in line with the expansion of research scale, Cognizant is expected to help improve researcher productivity and support more informed decision-making. By providing products and services under a single contract, Kyowa Kirin aims to enhance cost predictability while reducing large capital expenditures and enabling flexible cost management as operating expenses.
"Through the implementation of Benchling under the partnership with Cognizant, we expect to promote the standardization of workflows and the structuring of data in research environments," said Takashi Shimada, Head of Research Division, Kyowa Kirin Co., Ltd. "By enhancing the entire research process, we aim to establish a next-generation drug discovery foundation capable of continuously creating innovative new medicines."
"Kyowa Kirin is transforming its research processes to address some of the most difficult challenges in healthcare and to deliver innovative new medicines to patients as quickly as possible," said Sajith Wickramasekara, co-founder and CEO, Benchling. "Benchling embeds AI into daily workflows, connected to years of accumulated experimental data and context. In biopharma research and development, the speed and quality of research cycles have a direct impact on patients. AI only becomes meaningful when it proves its value in these real-world settings."
"Our partnership with Kyowa Kirin in implementing Benchling will help redefine the company's pursuit of scientific excellence, drug discovery research and laboratory operations and establish a new benchmark for business engagement," said Archana Ramanakumar, Industry Solutions Leader and Senior Vice President, Cognizant. "We are confident that this innovative and future-oriented collaboration will create a solid success story."
"Kyowa Kirin is revolutionizing its research processes through the implementation of Benchling and collaboration with Cognizant," said Nobuhiko Watanabe, President and Representative Director, Cognizant Japan. "This initiative is expected to significantly improve drug discovery efficiency and further strengthen the company's position in the Japanese market."
About Cognizant
Cognizant (NASDAQ: CTSH), as an AI builder and technology services provider, bridges the gap between AI investment and enterprise value by building full-stack AI solutions for clients. Leveraging our deep expertise in industries, business processes, and engineering, we embed each organization's unique business environment into technology systems. In doing so, we help unlock human potential, deliver tangible results, and enable global enterprises to stay ahead in a rapidly changing world. For more information, please visit www.cognizant.ai or @cognizant.
About Benchling
Benchling is the leading AI platform for biotech R&D, unifying scientific data and automating workflows to accelerate discovery and development. Trusted by more than 1,300 companies worldwide, from pioneering startups to global leaders like Merck, Moderna and Sanofi, Benchling gives scientists a single place to capture, connect and act on data across the entire R&D lifecycle. With Benchling AI, agents and models work directly inside scientific workflows, grounded in structured data. The result is faster teams, better molecules and breakthroughs that reach the world sooner. https://www.benchling.com/
About Kyowa Kirin
Kyowa Kirin is deeply committed to creating and delivering new medicines and treatments with life-changing value to patients. As a Japan-based global specialty pharmaceutical company, Kyowa Kirin has contributed to the creation of medicines and innovation in biotechnology for more than 70 years. Today, the company is working to develop next-generation antibody drugs and gene and cell therapies that have the potential to address significant unmet medical needs. In particular, Kyowa Kirin focuses on research and development of treatments for bone and mineral disorders, hemato oncology and intractable hematologic diseases and rare diseases, while seeking to maximize the value of research outcomes that may be applied in other therapeutic areas through partnerships. Guided by shared values, Kyowa Kirin is committed to achieving sustainable growth and bringing smiles to people's lives.
https://www.kyowakirin.com/index.html
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. CTSH has a Growth Style Score of B, forecasting year-over-year earnings growth of 8.1% for the current fiscal year.
For fiscal 2026, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $5.71 per share. CTSH boasts an average earnings surprise of +3.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CTSH should be on investors' short list.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.1; value investors should take notice.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.01 to $5.71 per share. CTSH boasts an average earnings surprise of +3.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CTSH should be on investors' short list.
Cognizant's share price has dropped sharply as AI disruption to the traditional consulting model and tighter H-1B visa rules spook investors. The concerns may be overblown. Cognizant does not appear to be heavily skewed towards lower-value work, the latter of which likely could be offset by AI-related services. At 12x P/E, and an 8.8% FCF yield, Cognizant appears to offer an interesting valuation relative to peers, historical valuation, and fundamentals. Cautious Buy.
Have you evaluated the performance of Cognizant's (CTSH - Free Report) international operations for the quarter ending June 2026? Given the extensive global presence of this information technology consulting and outsourcing firm, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.
In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.
Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.
While analyzing CTSH's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
For the quarter, the company's total revenue amounted to $5.48 billion, experiencing an increase of 4.5% year over year. Next, we'll explore the breakdown of CTSH's international revenue to understand the importance of its overseas business operations.
A Look into CTSH's International Revenue StreamsRest of World accounted for 6% of the company's total revenue during the quarter, translating to $327 million. Revenues from this region represented a surprise of -12.97%, with Wall Street analysts collectively expecting $375.71 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $322 million (6%) and $331 million (6.3%) to the total revenue, respectively.
During the quarter, United Kingdom contributed $492 million in revenue, making up 9% of the total revenue. When compared to the consensus estimate of $501.28 million, this meant a surprise of -1.85%. Looking back, United Kingdom contributed $509 million, or 9.4%, in the previous quarter, and $482 million, or 9.2%, in the same quarter of the previous year.
Continental Europe generated $535 million in revenues for the company in the last quarter, constituting 9.8% of the total. This represented a surprise of -1.07% compared to the $540.8 million projected by Wall Street analysts. Comparatively, in the previous quarter, Continental Europe accounted for $530 million (9.8%), and in the year-ago quarter, it contributed $520 million (9.9%) to the total revenue.
Projected Revenues in Foreign MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that Cognizant will post revenues of $5.66 billion, which reflects an increase of 4.6% the same quarter in the previous year. The revenue contributions are expected to be 7.3% from Rest of World ($412.95 million), 9.2% from United Kingdom ($523.12 million) and 9.9% from Continental Europe ($560.56 million).
For the full year, a total revenue of $22.25 billion is expected for the company, reflecting an increase of 5.4% from the year before. The revenues from Rest of World, United Kingdom and Continental Europe are expected to make up 6.9%, 9.1%, and 9.9% of this total, corresponding to $1.53 billion, $2.03 billion, and $2.19 billion, respectively.
In ConclusionRelying on international markets for revenues, Cognizant faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.
Here at Zacks, we put a great deal of emphasis on a company's changing earnings outlook, as empirical research has shown that's a powerful force driving a stock's near-term price performance. Quite naturally, the correlation is positive here -- an upward revision in earnings estimates drives the stock price higher.
The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.
Currently, Cognizant holds a Zacks Rank #3 (Hold), signifying its potential to match the overall market's performance in the forthcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Reviewing Cognizant's Recent Stock Price TrendsOver the past month, the stock has seen an increase of 31.8% in its value, whereas the Zacks S&P 500 composite has posted an increase of 0.2%. The Zacks Computer and Technology sector, Cognizant's industry group, has descended 5.8% over the identical span. In the past three months, there's been an increase of 7.1% in the company's stock price, against a rise of 4.2% in the S&P 500 index. The broader sector has increased by 1.6% during this interval.
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Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
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VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
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Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Computer and Technology stock. CTSH has a Momentum Style Score of A, and shares are up 28.4% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $5.70 per share. CTSH boasts an average earnings surprise of +3.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CTSH should be on investors' short list.
Key Takeaways Cognizant's Q2 revenues rose 4.5% to $5.48B, while adjusted EPS increased 4.6% to $1.37.Financial Services revenues jumped 12% as large contracts moved into execution across key client markets.Cognizant raised 2026 EPS guidance to $5.70-$5.82 but trimmed its revenue outlook amid spending pressure. Cognizant Technology Solutions (CTSH - Free Report) reported second-quarter 2026 adjusted earnings of $1.37 per share, up 4.6% year over year, but lagging the Zacks Consensus Estimate by 0.7%. Higher interest expense related to Astreya acquisition funding and share repurchases weighed on earnings.
Revenues of $5.48 billion increased 4.5% year over year and surpassed the consensus mark by 0.03%. The revenue figure reflected 4.1% growth in constant currency (cc). Financial Services revenues jumped 12% year over year, while trailing 12-month bookings rose 5% to $29.1 billion. This represented a book-to-bill ratio of approximately 1.3X. However, second-quarter bookings declined 6% year over year.
Cognizant signed seven deals with total contract values exceeding $100 million, including three new-logo contracts. Management noted stronger activity in the $25-million-to-$100-million deal range and said new and expansion bookings grew in the mid-teens during the first half.
CTSH’s Financial Services Momentum ContinuesFinancial Services revenues hit $1.73 billion, which reflected 11.7% growth at cc. Growth remained broad-based across banking, capital markets and insurance clients as large contracts moved into execution.
North American Financial Services revenues climbed 15.2% year over year to $1.26 billion. Europe and Rest of World revenues rose 4.1% and 4.5%, respectively. Management also highlighted demand for legacy modernization, data services and AI-led transformation.
Health Sciences revenues totaled $1.57 billion, up 1.4% year over year and 1% in cc. Demand remained cautious and cost-focused as clients prioritized vendor consolidation, compliance and modernization projects with measurable returns.
Products and Resources revenues rose 1.2% year over year to $1.32 billion, while growth at cc was 0.7%. Communications, Media and Technology revenues increased 1.5% year over year to $854 million, reflecting strength in technology customers despite muted demand across communications and media.
CTSH’s North American Business Leads GrowthNorth America revenues advanced 5.5% year over year to $4.13 billion, with the same growth rate at cc. Large-deal ramps, third-party product sales and demand for AI infrastructure supported performance in the region.
Europe revenues increased 2.5% year over year to $1.03 billion but rose only 0.8% in cc. Rest of World revenues declined 1.2% year over year to $327 million and fell 1.5% in cc. Third-party product sales contributed about 170 basis points (bps) to overall revenue growth.
CTSH’s Q2 Operating DetailsSelling, general & administrative expenses, as a percentage of revenues, contracted 220 bps year over year to 13.3%.
Total headcount at the end of the second quarter was 356,700, a decrease of 900 from March 31, 2026 and an increase of 12,900 from June 30, 2025.
Voluntary attrition - Tech Services on a trailing 12-month basis was 13% in the second quarter of 2026 compared with 12.3% and 12.6% for the periods ended March 31, 2026, and June 30, 2025, respectively.
Adjusted operating margin expanded 40 bps year over year to 16%. Operational efficiencies and favorable currency movements more than offset higher compensation, third-party costs and the impact of recent acquisitions.
CTSH’s Balance Sheet DetailsCTSH had cash and short-term investments of $1.05 billion as of June 30, 2026, compared with $1.51 billion as of March 31, 2026. As of June 30, 2026, the company had a total debt of $1.56 billion, down from $568 billion reported as of March 31, 2026.
Operating cash flow increased to $558 million from $398 million a year earlier. Free cash flow rose to $459 million from $331 million, bringing the first-half total to $652 million.
Cognizant repurchased 22.5 million shares for $1.15 billion during the reported quarter and completed the $634-million Astreya acquisition. The company had $2.338 billion remaining under its repurchase authorization at the end of the reported quarter.
Cognizant Raises Earnings View, Trims Revenue OutlookFor the third quarter of 2026, Cognizant expects revenues between $5.60 billion and $5.68 billion. This implies reported growth of 3.4-4.9% and growth between 3.8% and 5.3% at cc, including an inorganic contribution of roughly 200 bps.
For 2026, the company now expects revenues of $22.04-$22.35 billion, representing growth between 4%-5.5% at cc. The revised range reflects continued pressure on discretionary spending. Adjusted operating margin guidance remains in the 16%-16.2% range, which reflects expansion between 20 bps and 40 bps.
Adjusted earnings guidance was raised to $5.70-$5.82 per share from $5.63-$5.77, implying growth of 8-10%. The increase reflects a lower expected share count following aggressive repurchases, partly offset by higher interest expense.
Key Takeaways Cognizant is shifting toward an AI builder model with platforms, talent and AI delivery capabilities.CTSH reported $5.48B in revenues, while Financial Services grew 12% with AI adoption and modernization.Cognizant signed seven large deals above $100M as bookings rose 5% to $29.1B. Cognizant Technology Solutions Corporation (CTSH - Free Report) used its second-quarter earnings call to emphasize its transition from a traditional technology services provider toward an AI-focused operating model. Management highlighted expanding AI capabilities, large deal momentum and platform-led growth opportunities.
The company reported adjusted earnings per share (EPS) of $1.37, missing the Zacks Consensus Estimate of $1.38. Revenues of $5.48 billion matched the Zacks Consensus Estimate.
CTSH Advances AI Builder StrategyCEO Ravi Kumar S said that Cognizant is accelerating its shift toward becoming an AI builder by developing new platforms, expanding talent capabilities and helping clients move AI projects into production.
Management highlighted over 8,000 AI engagements and more than 40% of software development is now AI-assisted. The company also emphasized its AI Delivery Operating System, designed to combine engineering expertise, business knowledge and AI capabilities.
The company’s AI strategy focuses on improving traditional work through automation, modernizing existing processes with AI and creating new AI-enabled business models. Management said that these areas represent expanding opportunities beyond traditional systems integration.
Cognizant Sees Demand From AI ExecutionCognizant reported revenue growth of 4.5% year over year, or 4.1% in constant currency, with Financial Services leading performance. The segment grew 12% year over year, supported by AI adoption and modernization programs.
CFO Jatin Dalal said that demand remains strongest in areas tied to data, cybersecurity and industry-specific AI transformation. He noted that clients are prioritizing modernization projects with measurable returns.
In the analyst Q&A, a JPMorgan analyst asked whether Financial Services could remain a leading indicator for broader industry adoption. Ravi Kumar said that the segment’s technology focus and AI readiness position it as an early adopter of the company’s strategy.
CTSH Builds Platform and Talent BaseCTSH completed its acquisition of Astreya during the quarter, adding managed services capabilities focused on IT infrastructure, enterprise networks and AI-enabled operations. Management said that the acquisition supports its AI infrastructure strategy.
The company is also expanding its Frontier workforce model, including plans to scale to 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators. These roles are designed around integrating AI agents with business workflows.
Management highlighted partnerships with Google Cloud, Anthropic and OpenAI as part of its effort to expand AI delivery capabilities and create reusable enterprise solutions.
Cognizant Maintains Deal MomentumCognizant’s trailing 12-month bookings increased 5% to $29.1 billion, representing a book-to-bill ratio of approximately 1.3x. The company signed seven large deals with total contract values above $100 million during the quarter.
Ravi Kumar said that bookings momentum improved across larger deal categories, with Financial Services showing particularly strong activity. He also noted increased new business contribution during the first half of the year.
A William Blair analyst asked about the pace of large deal ramps and second-half expectations. Management said that recent bookings activity and deal transitions support continued momentum through the remainder of the year.
CTSH Balances Growth and EfficiencyCTSH expanded adjusted operating margin to 16%, up 40 basis points year over year. The company recorded $84 million in Project Leap costs during the quarter while benefiting from an $81 million partial reversal related to India defined contribution obligations.
Management said that Project Leap remains on track, with full-year benefits expected in 2027. The program is intended to improve operating efficiency while supporting a more AI-enabled delivery model.
The company also returned capital to shareholders, deploying $1.1 billion on share repurchases during the quarter. Year to date, Cognizant has returned $1.9 billion through repurchases and dividends.
Cognizant Updates Outlook and PrioritiesCognizant lowered its full-year 2026 constant currency revenue growth outlook to 4% to 5.5% from prior expectations, citing continued macro uncertainty and cautious discretionary spending. Adjusted operating margin guidance remained 16% to 16.2%.
The company raised adjusted EPS guidance to $5.70 to $5.82, representing 8% to 10% growth. Management maintained its focus on margin expansion, AI investments and disciplined acquisitions.
Ravi Kumar said that Cognizant remains focused on scaling AI-led services, outcome-based engagements and platform offerings as clients move from AI experimentation toward broader deployment.
Zacks Signals Point to a Mixed SetupPresently, Cognizant carries a Zacks Rank #3 (Hold), indicating the stock is expected to perform in line with the broader market based on current earnings estimate trends. The Zacks Rank can change as analysts revise earnings estimates following new company developments. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has a Value Score of A, a Growth Score of B, a Momentum Score of F and a VGM Score of B. Zacks Style Scores are designed as complementary indicators, with higher grades representing stronger characteristics within each style category.
SummaryCognizant remains undervalued, trading below 10x P/E despite resilient fundamentals and positive operating leverage.I reiterate a 'Buy' rating with a conservative $80/share price target, reflecting significant upside even at modest 6-8% AEPS growth.Q2'26 results reinforce the thesis: organic revenue growth, margin expansion, robust buybacks, and double-digit EPS growth guidance.Key risks include potential AI-driven demand cannibalization and offshore labor reliance, but risk/reward remains compelling at current valuation.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value. Learn More » Solskin/DigitalVision via Getty Images
In my last article on Cognizant (CTSH), I gave the company my third consecutive "BUY" rating, and this is the first time in the past two years that this call has resulted in a nice, positive RoR.
But I would
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of WOLTF, ACN, RELX, CTSH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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A deepening sell-off gripped Wall Street midday Wednesday as crude oil spiked on a fresh U.S.-Iran escalation just hours before the Federal Reserve’s rate verdict, dragging the S&P 500 to four-week lows and knocking the Nasdaq 100 down more than 10% from prior records.
President Donald Trump threatened strikes against Iran in response to attacks on U.S. targets in Jordan. The threat landed alongside a new round of Treasury sanctions aimed at what officials called Iran’s Strait of Hormuz “monetization.”
That was enough to reignite the energy trade and drain risk appetite.
• State Street Energy Select Sector SPDR ETF shares are advancing steadily. Why is XLE stock trading higher?
West Texas Intermediate crude surged 6.7% to $84.58 a barrel, bringing its one-month gain to roughly 22%, while Brent jumped 7.4% to $90.27.
An outsized inventory draw amplified the oil move: EIA data showed U.S. crude stockpiles fell by 7.2 million barrels last week — against expectations for a build — leaving commercial inventories excluding the Strategic Petroleum Reserve at their lowest since September 2018.
The oil shock could hardly come at a worse time for the Fed, which wraps its two-day meeting at 2 p.m. ET. Markets overwhelmingly expect Chair Kevin Warsh to hold the funds rate at 3.50%-3.75%, but with inflation still running near 4% and several officials penciling in hikes this year, dissents are the wild card.
Polymarket puts 74% odds on no change and a 25% chance of a quarter-point hike.
The S&P 500 fell 1% to 7,358, a four-week low, while the Dow Jones shed 860 points, or 1.6%, to 51,887.
The Nasdaq 100 dropped 1.5% to 27,349 and is now off nearly 10% in July as the AI-capex rethink deepens.
The CBOE Volatility Index jumped nearly 10% to the 20 mark, reflecting hedging demand into the Fed announcement and tonight’s megacap earnings.
Wednesday’s Performance In Major U.S. IndicesAccording to the Benzinga Pro platform:
Sector MoversAmong industry funds, the Invesco WilderHill Clean Energy ETF (NYSE:PBW) slumped 3.3%, deepening a brutal 23% monthly slide.
Earnings MoversV.F. Corp. (NYSE:VFC) slid 18.1% after posting a wider-than-expected quarterly loss of 27 cents per share versus a 22-cent loss consensus.
Wednesday’s Russell 1000 Top GainersWednesday’s Russell 1000 Top LosersMarket News and Data brought to you by Benzinga APIs
Cognizant (CTSH - Free Report) came out with quarterly earnings of $1.37 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.73%. A quarter ago, it was expected that this information technology consulting and outsourcing firm would post earnings of $1.33 per share when it actually produced earnings of $1.4, delivering a surprise of +5.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Cognizant, which belongs to the Zacks Computers - IT Services industry, posted revenues of $5.48 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $5.25 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Cognizant shares have lost about 39.4% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Cognizant?While Cognizant has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Cognizant was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.46 on $5.69 billion in revenues for the coming quarter and $5.70 on $22.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, BigBear.ai Holdings, Inc. (BBAI - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BigBear.ai Holdings, Inc.'s revenues are expected to be $36.37 million, up 12% from the year-ago quarter.
Big Buybacks: 3 Large Caps Exceed 5% Repurchase PowerCognizant Technology Solutions NASDAQ: CTSH reported second-quarter 2026 revenue growth at the high end of its expectations, supported by North American demand, large-deal execution and continued strength in financial services, while maintaining its full-year adjusted operating margin outlook.
Revenue rose 4.1% year over year in constant currency to $5.5 billion. Chief Executive Officer Ravi Kumar said nearly all of the company’s sequential growth came from its organic business. Financial services revenue increased nearly 12% in constant currency, marking the segment’s second consecutive quarter of growth above 10%.
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AI revolution: 3 stocks set to soar as technology evolves“We delivered a solid second quarter with organic revenue growth at the high end of our expectations and year-over-year adjusted operating margin expansion,” Kumar said.
Bookings and segment trends Cognizant signed seven deals with total contract values above $100 million during the quarter, including three new client relationships. Trailing 12-month bookings increased 5%, producing a book-to-bill ratio of 1.3. The company said new and expansion bookings grew in the mid-teens during the first half of the year.
Kumar said financial services has been a key contributor to the company’s bookings momentum, with activity spanning banking, capital markets and insurance. He characterized the segment as a potential leading indicator for broader industry demand as organizations pursue artificial intelligence-driven productivity, modernization and growth initiatives.
Chief Financial Officer Jatin Dalal said growth was again led by North America. Cognizant’s business process outsourcing practice led service-line growth, while demand for data and cybersecurity services remained strong amid AI adoption. The company also cited growth from industry-specific AI transformations in financial services and life sciences.
Health sciences was stable, Dalal said, as clients continued to prioritize vendor consolidation, legacy modernization and compliance while closely scrutinizing discretionary spending. Products and resources was steady, with retail, consumer goods, travel and hospitality clients facing geopolitical uncertainty, supply-chain disruption and higher oil prices. Cognizant said it is seeing momentum in manufacturing, logistics, energy and utilities, particularly around physical AI and smart manufacturing.
Demand among communications and media customers remained muted, while technology clients continued to show demand for AI-native engineering, digital operations, data and cloud services, Dalal said.
Margins, capital returns and Project Leap Second-quarter adjusted operating margin was 16%, up 40 basis points from a year earlier when excluding the impacts of Project Leap costs and a one-time benefit related to India labor regulations. The company incurred about $84 million in Project Leap costs during the quarter, while recording an $81 million one-time benefit from a partial reversal of an India defined-contribution obligation liability originally recorded in 2019.
Dalal said operational efficiency and favorable currency movements more than offset higher third-party and compensation costs, as well as the effect of recent acquisitions.
Adjusted earnings per share were $1.37, up 5% year over year, driven by revenue growth, margin expansion and a lower share count. Free cash flow totaled $459 million in the quarter and $652 million for the first half.
Cognizant spent more than $1.1 billion on share repurchases in the quarter, buying back over 22 million shares at an average price of about $51 per share. The amount included a $500 million accelerated share repurchase program announced in May. Year to date, the company returned $1.9 billion to shareholders through repurchases and dividends and said it remains on track to return about $2.6 billion for the full year.
The company also deployed $1.3 billion on acquisitions aligned with its AI strategy. Cognizant completed its acquisition of managed-services provider Astreya, which has expertise in data-center infrastructure, enterprise networks, digital workplace services and AI-first managed operations. The company ended the quarter with $1.1 billion in cash and short-term investments.
AI strategy and workforce plans Kumar outlined Cognizant’s strategy to operate as an “AI builder,” emphasizing AI-enabled software engineering, business-process operations, platforms and outcome-based commercial arrangements. He said more than 40% of Cognizant’s software development is AI-assisted, and the company has more than 8,000 AI engagements.
The company introduced two certified roles: frontier-certified engineers, who are intended to audit workflows and build intelligent agents, and frontier business operators, who will manage blended human and digital teams. Cognizant plans to scale its workforce to 5,000 frontier-certified engineers and 10,000 frontier business operators.
Dalal said headcount was broadly flat between the first and second quarters. Cognizant continues to add recent college graduates and remains on track to hire approximately 20,000 by year-end, though Project Leap is expected to result in some headcount reductions. He said overall headcount is expected to remain range-bound for the rest of 2026.
Kumar also highlighted TriZetto, Cognizant’s healthcare platform business, which generates more than $1.1 billion in annual revenue. He said the business grew faster than the overall company in the first half and delivered substantially higher margins.
Updated outlook For the third quarter, Cognizant forecast constant-currency revenue growth of 3.8% to 5.3% year over year, including approximately 200 basis points from recently completed acquisitions.
The company lowered its full-year constant-currency revenue growth guidance to 4% to 5.5%, saying macroeconomic uncertainty has remained elevated and discretionary spending has continued to face pressure. The revised outlook includes 150 basis points of inorganic growth, unchanged from its prior expectation.
Management maintained its forecast for adjusted operating margin of 16% to 16.2%, representing 20 to 40 basis points of year-over-year expansion. Cognizant also maintained its expectation for free cash flow conversion of 90% to 100% of net income.
The company raised its full-year adjusted EPS outlook to $5.70 to $5.82, representing growth of 8% to 10%, compared with its previous outlook for growth of 7% to 9%. Cognizant said it expects full-year diluted weighted-average shares outstanding of approximately 460 million, reflecting the pace of second-quarter repurchases.
About Cognizant Technology Solutions (NASDAQ:CTSH)Cognizant Technology Solutions NASDAQ: CTSH is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.
Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.
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Cognizant Technology Solutions Corp (CTSH) released its 8-K filing for the second quarter of 2026 on July 29, 2026, reporting a revenue of $5.5 billion, which m
Figurines with computers and smartphones are seen in front of Cognizant logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 29 (Reuters) - Cognizant Technology (CTSH.O), opens new tab forecast quarterly revenue below Wall Street estimates on Wednesday, as clients remained cautious on discretionary IT spending.
Shares of the company were down 3% in premarket trading.
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Cognizant expects third-quarter revenue between $5.60 billion and $5.68 billion, below analysts' average estimate of $5.70 billion, according to data compiled by LSEG.
The company is navigating a complex macro environment, with clients cautious on large investments and continued softness in smaller discretionary projects.
Enterprises are also prioritizing investment in data center infrastructure over software as AI adoption accelerates.
Cognizant now expects annual revenue between $22.04 billion and $22.35 billion, compared with its prior expectations of $22.11 billion to $22.64 billion.
For the second quarter, the company reported revenue of $5.48 billion, in line with estimates and up 4.5% from a year earlier.
Cognizant has been expanding capabilities to help clients modernize legacy platforms and deploy GenAI at scale.
Reporting by Harshita Mary Varghese in Bengaluru; Editing by Jonathan Ananda
Our Standards: The Thomson Reuters Trust Principles., opens new tab
12% year-over-year revenue growth in Financial Services; $1.1 billion deployed on share repurchases
Revenue of $5.5 billion increased 4.5% year-over-year or 4.1% in constant currency1 Operating margin of 15.9% increased 30 basis points year-over-year; Adjusted Operating Margin1 of 16.0% increased 40 basis points year-over-year GAAP EPS of $1.36 increased 3.8% year-over-year; Adjusted EPS1 of $1.37 increased 4.6% year-over-year Trailing 12-month bookings of $29.1 billion increased 5% year-over-year 2026 constant currency revenue growth guidance is revised to 4.0% to 5.5% year-over-year growth 2026 Adjusted Operating Margin guidance is unchanged at 16.0% to 16.2%, year-over-year expansion of 20 to 40 basis points 2026 Adjusted Diluted EPS guidance is increased to $5.70 to $5.82, year-over-year growth of 8% to 10% , /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI builder and technology services provider, today announced its second quarter 2026 financial results.
Q2 2026 Infographic. Cognizant is an AI Builder company www.cognizant.ai. "Our organic revenue growth momentum continued in the second quarter and was at the high end of our expectations," said Ravi Kumar S, Chief Executive Officer. "We are helping our clients close the AI velocity gap by pairing deep industry expertise with engineering, infrastructure and data modernization capabilities while safeguarding their data and IP. We are doing this by scaling our Frontier workforce and reskilling for the future. We are confident our strategy is resonating with clients, as reflected in a second consecutive quarter of double-digit year-over-year growth in Financial Services, our largest and most mature segment. As organizations shift from AI experimentation to enterprise-scale execution, we believe the market opportunity ahead is larger than ever, and we're positioning Cognizant to lead in this next era."
$ in millions, except per share data
Q2 2026
Q2 2025
Revenue
$5,481
$5,245
Y/Y Change
4.5 %
8.1 %
Y/Y Change CC1
4.1 %
7.2 %
GAAP Operating Margin
15.9 %
15.6 %
Adjusted Operating Margin1
16.0 %
15.6 %
GAAP Diluted EPS
$1.36
$1.31
Adjusted Diluted EPS1
$1.37
$1.31
See "Revenue by Business Segment and Geography" section for additional revenue details and drivers of growth.
"Our second quarter results reflect disciplined execution and the resilience of our operating model. We delivered 4.1% constant currency revenue growth and 40 basis points of adjusted operating margin expansion year-over-year, despite a complex environment," said Jatin Dalal, Chief Financial Officer. "In the first half of 2026, we deployed $1.6 billion on share repurchases and $1.3 billion on acquisitions aligned with our AI builder strategy. We remain focused on operational rigor and consistent margin expansion while funding growth investments and deploying capital strategically."
Bookings
On a trailing-twelve-month basis, bookings increased 5% year-over-year to $29.1 billion, which represented a book-to-bill of approximately 1.3x. Bookings in the second quarter declined 6% year-over-year. Second quarter bookings included seven large deals, which are deals with total contract value of $100 million or greater.
Employee Metrics
On a trailing-twelve months basis, Voluntary Attrition - Tech Services was 13.0% for the period ended June 30, 2026, as compared to 12.3% and 12.6% for the periods ended March 31, 2026 and June 30, 2025, respectively. Total headcount as of June 30, 2026 was 356,700, a decrease of 900 from March 31, 2026 and an increase of 12,900 from June 30, 2025.
Capital Allocation
The Company repurchased 22.5 million shares for $1,153 million during the second quarter under its share repurchase program, including 9.7 million shares through its previously announced $500 million accelerated share repurchase (ASR) as well as another 12.8 million shares for $653 million through open market transactions. As of June 30, 2026, there was $2.3 billion remaining under the share repurchase authorization. In July 2026, the Company declared a quarterly cash dividend of $0.33 per share for shareholders of record on August 18, 2026. This dividend will be payable on August 25, 2026.
During the second quarter of 2026, the company completed its acquisition of Astreya for a purchase price of $634 million, including contingent consideration of $25 million, net of cash acquired, while borrowing $1.0 billion under its revolving credit facility.
Third Quarter and Full-Year 2026 Guidance2
(all growth rates year-over-year)
Third quarter revenue is expected to be $5.60 to $5.68 billion, growth of 3.4% to 4.9%, or 3.8% to 5.3% in constant currency. Full-year 2026 revenue is expected to be $22.04 to $22.35 billion, growth of 4.4% to 5.9%, or 4.0% to 5.5% in constant currency. Full-year 2026 Adjusted Operating Margin3 is expected to be approximately 16.0% to 16.2%, or 20 to 40 basis points of expansion. Full-year 2026 Adjusted Diluted EPS3 is expected to be in the range of $5.70 to $5.82, growth of 8% to 10%. Select Company, Client and Partnership Announcements
Cognizant is building a portfolio of capabilities combined with deep domain expertise to harness and advance an AI-led future. Cognizant's progress has been accelerated through client agreements, platform enhancements, and partnerships. Recent announcements include:
Client Announcements
Announced it is working with Travelport on a strategic AI transformation that will deploy Anthropic's Claude to modernize the way Travelport builds, tests and maintains software across its travel retailing and distribution platforms. The work aims to accelerate the delivery of AI-led innovation to airlines, hoteliers, travel management companies and online travel agencies worldwide, while embedding AI features within Travelport's platform. Named as Global AI Services Partner of the Aston Martin Aramco Formula One™ (AMF1) Team, marking an evolution of the collaboration to advance performance, innovation, and operational excellence across its Formula 1™ program. Under the new designation, Cognizant and the team will work to operationalize AI - bridging the gap between experimentation and sustained value. Cognizant will also help the team identify how context-enabled AI can manage, support, and define the team's fan database. Selected by UK public service broadcaster Channel 4 to transform its advertising campaign delivery operations, which are responsible for booking, scheduling, and airing adverts across Channel 4 and its partner channels. As part of the project, Cognizant looks to enhance Channel 4's account management hub, campaign operations and traffic functions, which are responsible for ensuring that advertising reaches the right audiences at the right time, meets advertisers' objectives, and supports compliance with applicable regulations under Channel 4's oversight. Chosen by JG Summit Holdings, Inc., one of the Philippines' largest and more diversified conglomerates, for a ServiceNow implementation and managed services engagement supporting its IT modernization journey. Cognizant is expected to deploy ServiceNow IT Service Management (ITSM) Professional, IT Asset Management and Strategic Portfolio Management (SPM) capabilities to establish a unified platform for helping automate IT service processes, track hardware and software assets, and govern project demand and portfolios. Selected by Snohomish County Public Utility District (PUD), a public utility in the state of Washington, to lead SAP S/4 HANA transformation to modernize utility operations. Cognizant is expected to migrate the PUD's SAP on‑premise environment to SAP's cloud platform, implement Cognizant's Finance4U SAP S/4 HANA‑certified Asset Lifecycle Accounting solution and deploy SAP mobility capabilities to support field and warehouse operations. Selected by The Andover Companies, Inc., one of the longest-standing mutual property and casualty insurance groups in the Northeast, to scale its core and portal systems, unify its data and help lay the foundation for responsible AI adoption in underwriting and claims. Under the agreement, Cognizant will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and strengthen the security of Andover's policyholder- and agent-facing digital portals. Platform Enhancements and Partnerships
Revealed new headless API model that treats AI agents as first-tier consumers of TriZetto Unify, Cognizant's platform strategy that spans payer and provider workflows. Electronic Prior Authorization is the first solution to go live, following the rollout of TriZetto Assistant and TriZetto Autonomous Workflow Agents to existing customers. Announced an expanded partnership with Anthropic, with Cognizant becoming one of a small number of Global Premier Partners in the Claude Partner Network. Cognizant is embedding Claude across its own business and engineering platforms, while scaling a Claude-certified workforce as part of its new Frontier Certified workforce model. Cognizant is already applying Claude in client work spanning manufacturing, life sciences and insurance, delivering measurable results in production. Expanded its partnership with Google Cloud, broadening how the companies bring Gemini Enterprise to clients and deepening Cognizant's own internal use of the technology. Through the expanded partnership, Cognizant and Google Cloud are bringing together jointly delivered solutions, a portfolio of reusable agents and certified Cognizant Frontier Certified Engineers who work directly within client environments to accelerate time to value on Gemini deployments. Announced it is applying OpenAI's GPT-5.5 with Trusted Access for Cyber, through Cognizant's Frontier AI Cyber Defense services, to help enterprises move faster from vulnerability discovery to validated, tested fixes. As a member of the OpenAI Daybreak Cyber Partner Program, Cognizant is putting frontier AI capability into its security experts' hands, helping strengthen how clients defend the software they build and operate. Deepened its partnership with CrowdStrike by bringing the CrowdStrike Falcon® platform to Cognizant's AI Factory and its Managed Cybersecurity Services, powered by the Cognizant Neuro® Cybersecurity platform. Expanded cross-platform agentic AI with new ServiceNow AI Agent interoperability. ServiceNow AI Agents now work with the Cognizant Neuro® AI Multi-Agent Accelerator, giving enterprises a unified environment to orchestrate AI agents across the platforms they already run. Enterprises can coordinate ServiceNow agents alongside custom-built systems and other third-party agent platforms. Announced the integration of Cognizant Neuro® AI Trust with ServiceNow, pairing ServiceNow's visibility and governance with Cognizant's agentic intelligence and control platform. The integration is designed to give organizations a single, interoperable environment in which AI governance is actively enforced through responsible AI agents operating across every stage of the AI lifecycle. Expanded its partnership with Snowflake, an AI data cloud company, through the Snowflake CoCo platform. As a Preferred Launch Partner for CoCo and Snowflake's 2026 CoCo Catalyst Partner of the Year for Impactful Customer Story, Cognizant is deploying a growing portfolio of AI-powered intelligent agents that support and enhance data engineering, analytics and business decision workflows. Announced an expanded strategic alliance with Rubrik to help enterprises run autonomous AI safely at scale. As a launch partner for Rubrik's Project Hourglass, an alliance with leading Global Systems Integrators (GSIs) to deliver agentic resilience for enterprise AI coding agents, Cognizant intends to be one of the first global systems integrators to operationalize the offering as a governance layer within its delivery platforms. Partnered with Domyn, a European leader in sovereign AI infrastructure for regulated industries, to bring sovereign AI capabilities to enterprises in highly regulated sectors across the EMEA region. Under the partnership, Domyn will provide the AI infrastructure layer, delivering LLMs that can be deployed within client environments, on-premise or in private cloud configurations, while Cognizant will serve as the application, integration, and domain execution layer. Launched Cognizant Neuro® AI Trust, a new platform designed to provide enterprises with continuous governance and real-time assurance across AI systems. As AI environments grow more autonomous and complex, Neuro AI Trust empowers enterprises to monitor, manage and help control AI behavior and performance in real time. Launched its sovereign Physical AI Platform-as-a-Service, an integrated capability that moves autonomous systems from experimentation into core enterprise infrastructure. Built on the Cognizant Intelligence Spine, the offering connects disparate physical systems, including industrial sensors, IoT devices, factory automation and energy infrastructure, into a single coherent intelligence fabric. Select Company Announcements and Recognition
Launched Cognizant Secure AI Services, a new integrated offering designed to help enterprises secure, govern and scale AI and agentic systems across their operations. The offering is designed to help enterprises move from assumed trust toward "provable trust" – an approach grounded in evidence, traceability and continuous assurance. Announced the creation of two new job categories; Frontier Certified Engineer and Frontier Business Operator, and announced plans to scale its Frontier-certified workforce, the human and operational infrastructure enterprises need to convert AI capability into measurable business results, to 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators. Cognizant expects its people investment will yield its first cohort by fourth quarter, 2026. Cognizant also plans to augment its own Frontier talent pipeline through annual direct hires of Frontier-native talent from American and global universities. Launched its Ace Team Program, a strategic initiative designed to build a cohort of top engineering minds who will deliver cutting-edge digital transformation for clients and play a central role in the company's evolution into an AI builder organization. The Cognizant Ace Team is structured as a combination of a selective hiring program, an elite talent pathway and a centrally governed engineering community aligned to Cognizant's advanced capability strategy. Completed its acquisition of Astreya, a global AI-first IT managed services and solutions provider, effective June 22, 2026. The combination is expected to strengthen Cognizant's AI infrastructure and managed services capabilities by bringing together Cognizant's global delivery model and AI builder approach with Astreya's deep expertise supporting complex technology environments for many of the world's largest technology companies, including six of the "Magnificent Seven" hyperscalers. Was named to TIME's list of America's Best Companies 2026 in the ranking's inaugural edition. TIME and Statista evaluated America's Best Companies 2026 across three dimensions: employee satisfaction, financial performance and sustainability transparency. Earned a place on the Fortune 500 list, marking its 16th consecutive year of recognition. The annual ranking by Fortune Magazine evaluates companies based on total revenues for their respective fiscal years. In the 2026 edition, Cognizant ranked 216 overall and third in the IT services industry. Released new research showing that AI's real-world results depend less on the technology itself than on the maturity of a company's tech infrastructure and where it directs its investment. The study, "Closing the AI Execution Gap: A $2 Billion Business Boost," revealed $4.7 trillion in untapped AI value across Global 2000 companies. Unveiled a new report focused on India titled "Smarter IT spend: From cost control to cost intelligence." The report revealed that while technology investments are rising across industries, only 12% of organizations have an enterprise-wide unified view of IT spend, limiting their ability to translate technology investments into measurable business outcomes. Revealed new findings from a joint study with Pearson, The AI Workforce Pulse, signaling that entry-level roles are being reimagined by AI, and work is evolving faster than organizations can redesign how they hire, develop and support talent. Released findings from a joint study with Pearson, The AI Workforce Pulse: The Adaptability Imperative, highlighting how AI is transforming India's entry-level workforce at a faster pace than the global average, while simultaneously creating new career pathways and urgent skilling challenges. Recognized as a Leader by Everest Group® in: Healthcare Payer Digital Services PEAK Matrix® Assessment, 2026 Marketing Transformation Services PEAK Matrix® Assessment, 2026 Guidewire Services PEAK Matrix® Assessment, 2026 Agentic Process Automation (APA) Solutions PEAK Matrix® Assessment, 2026 Oracle Cloud Applications Services PEAK Matrix® Assessment, 2026 Healthcare Customer Experience Management (CXM) Intelligent Operations PEAK Matrix® Assessment, 2026 Software Product Engineering Services PEAK Matrix® Assessment, 2026 – Global Google Cloud Services PEAK Matrix® Assessment, 2026 Mainframe Modernization Services PEAK Matrix® Assessment, 2026 Market Leader in HFS Horizons: Financial Crime Compliance (FCC) in Financial Services, 2026 Report Data Modernization and AI, 2026 Report HCP Service Providers, 2026 Report SAP S/4HANA Transformation Services, 2026 Report Global Capability Centers (GCC) Services, 2026 Report Leadership in Avasant's RadarView: Clinical and Care Management Services Business Process Transformation, 2026 Higher Education Digital Services, 2026 Advanced Network Services, 2026 High-Tech Digital Services, 2026 Airlines and Airports Digital Services, 2026 Manufacturing Digital Services, 2026 Banking Process Transformation, 2026 Healthcare Payer Business Process Transformation, 2026 Property and Casualty Insurance Digital Services, 2026 Banking Digital Services, 2026 Global Competency Center (GCC) Setup and Scale Services, 2026 Digital Commerce Services, 2026 Cybersecurity Services, 2026 Leadership in ISG Provider Lens® Global Capability Center (GCC) Services, 2026 - Global Named to the Leading Pack in TechMarketView's Market Readiness Index 2026 Conference Call
Cognizant will host a conference call on July 29, 2026, at 8:30 a.m. (Eastern) to discuss the Company's second quarter 2026 results. To listen to the conference call, please dial (877) 810-9510 (domestic) or +1 (201) 493-6778 (international) and provide the following conference passcode: "Cognizant Call."
The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com. An earnings supplement will also be available on the Cognizant website at the time of the conference call. For those who cannot access the live broadcast, a replay will be available. To listen to the replay, please dial (877) 660-6853 (domestically) or +1 (201) 612-7415 (internationally) and enter 13760925 beginning two hours after the end of the call until 11:59 p.m. (Eastern) on Wednesday, August 12, 2026. The replay will also be available at Cognizant's website www.cognizant.com for 60 days following the call.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to our strategy, strategic partnerships and collaborations, competitive position and opportunities in the marketplace, investment in and growth of our business, the pace and magnitude of change and client needs related to AI, the effectiveness of and plans related to our recruiting and talent efforts and related costs, labor market trends, the anticipated amount of capital to be returned to shareholders, our anticipated financial performance, matters related to Project Leap, expected benefits resulting from our acquisition of Astreya and other statements regarding matters that are not historical facts. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the competitive and rapidly changing nature of the markets we compete in, our ability to successfully use AI-based technologies and the impact those technologies may have on the demand and terms for our services, the competitive marketplace for talent and its impact on employee recruitment and retention, legal, reputational and financial risks resulting from cyberattacks, changes in the regulatory environment, including with respect to immigration, trade and taxes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
About Non-GAAP Financial Measures and Performance Metrics
Non-GAAP Financial Measures
To supplement our financial results presented in accordance with GAAP, this press release includes references to the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: Adjusted Operating Margin, Adjusted Net Income, Adjusted Diluted EPS (or Adjusted EPS), free cash flow, net cash and constant currency revenue growth. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures should be read in conjunction with our financial statements prepared in accordance with GAAP. The reconciliations of our non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.
Our non-GAAP financial measures Adjusted Operating Margin and Adjusted Income from Operations exclude unusual items, such as Project Leap charges and the partial reversal of the India Defined Contribution Obligation in 2026 and the gain on sale of property and equipment in 2025. Our non-GAAP financial measures Adjusted Net Income and Adjusted Diluted EPS exclude unusual items, such as Project Leap charges, the partial reversal of the India Defined Contribution Obligation and the gain on sale of property and equipment, net non-operating foreign currency exchange gains or losses and the tax impact of all the applicable adjustments. The income tax impact of each item excluded from Adjusted Net Income and Adjusted Diluted EPS is calculated by applying the statutory rate and local tax regulations in the jurisdiction in which the item was incurred. Free cash flow is defined as cash flows from operating activities plus proceeds from sale of property and equipment, net of purchases of property and equipment. Net cash is defined as cash and cash equivalents and short-term investments less short-term and long-term debt. Constant currency revenue growth is defined as revenues for a given period restated at the comparative period's foreign currency exchange rates measured against the comparative period's reported revenues.
Management believes providing investors with an operating view consistent with how we manage the Company provides enhanced transparency into our operating results. For our internal management reporting and budgeting purposes, we use various GAAP and non-GAAP financial measures for financial and operational decision-making, to evaluate period-to-period comparisons, to determine portions of the compensation for our executive officers and for making comparisons of our operating results to those of our competitors. Accordingly, we believe that the presentation of our non-GAAP measures, which exclude certain costs, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.
A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in accordance with GAAP and may exclude costs that are recurring such as our net non-operating foreign currency exchange gains or losses. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from our non-GAAP financial measures to allow investors to evaluate such non-GAAP financial measures.
Performance Metrics
Bookings are defined as total contract value (or TCV) of new contracts, including new contract sales as well as renewals and expansions of existing contracts. Bookings can vary significantly quarter to quarter depending in part on the timing of the signing of a small number of large contracts. Our book-to-bill ratio is defined as bookings for the trailing twelve months divided by revenue for the same period. Measuring bookings involves the use of estimates and judgments and there are no independent standards or requirements governing the calculation of bookings. The extent and timing of conversion of bookings to revenues may be impacted by, among other factors, the types of services and solutions sold, contract duration, the pace of client spending, actual volumes of services delivered as compared to the volumes anticipated at the time of sale, and contract modifications, including terminations, over the lifetime of a contract. The majority of our contracts are terminable by the client on short notice often without penalty, and some without notice. We do not update our bookings for subsequent terminations, reductions or foreign currency exchange rate fluctuations. Information regarding our bookings is not comparable to, nor should it be substituted for, an analysis of our reported revenues. However, management believes that it is a key indicator of potential future revenues and provides a useful indicator of the volume of our business over time. Large deals and mega deals are defined as deals with a total contract value of $100 million or greater and $500 million or greater, respectively.
Investor Relations Contact:
Media Contact:
Tyler Scott
Jeff DeMarrais
SVP, Investor Relations
SVP, Corporate Communications
+1 551-220-8246
+1 475-223-2298
[email protected]
[email protected]
- tables to follow -
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(in millions, except per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues
$ 5,481
$ 5,245
$ 10,894
$ 10,360
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization expense
shown separately below)
3,652
3,479
7,290
6,876
Selling, general and administrative expenses
728
810
1,519
1,601
Restructuring charges
84
—
84
—
Depreciation and amortization expense
143
139
284
275
(Gain) on sale of property and equipment
—
—
—
(62)
Income from operations
874
817
1,717
1,670
Other income (expense), net:
Interest income
18
23
40
53
Interest expense
(13)
(9)
(20)
(21)
Foreign currency exchange gains (losses), net
7
7
25
9
Other, net
(11)
4
(20)
3
Total other income (expense), net
1
25
25
44
Income before provision for income taxes
875
842
1,742
1,714
Provision for income taxes
(231)
(197)
(439)
(410)
Income (loss) from equity method investments
(8)
—
(5)
4
Net income
$ 636
$ 645
$ 1,298
$ 1,308
Basic earnings per share
$ 1.36
$ 1.31
$ 2.76
$ 2.65
Diluted earnings per share
$ 1.36
$ 1.31
$ 2.75
$ 2.65
Weighted average number of common shares outstanding - Basic
466
492
471
493
Dilutive effect of shares issuable under stock-based compensation plans
—
—
1
—
Weighted average number of common shares outstanding - Diluted
466
492
472
493
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Unaudited)
(in millions, except par values)
June 30,
2026
December 31,
2025
Assets
Current assets:
Cash and cash equivalents
$ 1,038
$ 1,901
Short-term investments
13
13
Trade accounts receivable, net
4,780
4,439
Other current assets
1,728
1,465
Total current assets
7,559
7,818
Property and equipment, net
981
933
Operating lease assets, net
555
573
Goodwill
8,083
7,106
Intangible assets, net
1,675
1,417
Deferred income tax assets, net
764
967
Long-term investments
106
111
Other noncurrent assets
1,102
1,767
Total assets
$ 20,825
$ 20,692
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$ 357
$ 308
Deferred revenue
490
501
Short-term debt
33
33
Operating lease liabilities
145
153
Accrued expenses and other current liabilities
2,439
2,664
Total current liabilities
3,464
3,659
Deferred revenue, noncurrent
31
37
Operating lease liabilities, noncurrent
389
423
Deferred income tax liabilities, net
177
168
Long-term debt
1,527
543
Other noncurrent liabilities
775
847
Total liabilities
6,363
5,677
Stockholders' equity:
Preferred stock, $0.10 par value, 15 shares authorized, none issued
—
—
Class A common stock, $0.01 par value, 1,000 shares authorized, 452 and 479 shares issued
and outstanding as of June 30, 2026 and December 31, 2025, respectively
5
5
Additional paid-in capital
11
12
Retained earnings
14,647
15,158
Accumulated other comprehensive income (loss)
(201)
(160)
Total stockholders' equity
14,462
15,015
Total liabilities and stockholders' equity
$ 20,825
$ 20,692
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
Reconciliations of Non-GAAP Financial Measures
(Unaudited)
(dollars in millions, except per share amounts)
Three Months Ended
June 30,
Six Months Ended
June 30,
Guidance
2026
2025
2026
2025
Full Year 2026 (1)
GAAP income from operations
$ 874
$ 817
$ 1,717
$ 1,670
Project Leap charges(a)
84
—
84
—
$230 - $320
India Defined Contribution Obligation(b)
(81)
—
(81)
—
$(81)
(Gain) on sale of property and equipment(c)
—
—
—
(62)
—
Adjusted Income From Operations
$ 877
$ 817
$ 1,720
$ 1,608
GAAP operating margin
15.9 %
15.6 %
15.8 %
16.1 %
Project Leap charges(a)
1.5
—
0.8
—
1.0% - 1.5%
India Defined Contribution Obligation(b)
(1.4)
—
(0.8)
—
(0.4) %
(Gain) on sale of property and equipment(c)
—
—
—
(0.6)
—
Adjusted Operating Margin
16.0 %
15.6 %
15.8 %
15.5 %
16.0% - 16.2%
GAAP net income
$ 636
$ 645
$ 1,298
$ 1,308
Effect of adjustments to income from operations, pre-tax
(1) A full reconciliation of Adjusted Operating Margin and Adjusted Diluted Earnings Per Share guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts, as we are unable to provide reconciling information with respect to unusual items, net non-operating foreign currency exchange gains or losses and the tax effects of these adjustments, and such adjustments may be significant.
Notes:
(a)
Project Leap charges for the three and six months ended June 30, 2026 were $84 million and included $56 million of employee separation costs and $28 million of other costs. We expect to incur costs of $230 million to $320 million in connection with Project Leap, with substantially all of the costs expected to be incurred in 2026. The total costs related to Project Leap are reported in "Restructuring charges" in our unaudited consolidated statements of operations. Our guidance anticipates pre-tax charges of approximately $0.50 to $0.70 per diluted share for the full year 2026. The tax benefit of these charges is expected to be approximately ($0.13) to ($0.18) per diluted share for the full year 2026.
(b)
On February 28, 2019, a ruling of the Supreme Court of India interpreting certain statutory defined contribution obligations of employees and employers (the "India Defined Contribution Obligation") altered historical understandings of the obligation under the Employees' Provident Fund and Miscellaneous Provision Act, 1952, extending it to cover additional portions of the employee's income. As a result, the ongoing contributions of our affected employees and the Company were required to be increased. In the first quarter of 2019, we accrued $117 million with respect to prior periods, assuming retroactive application of the SCI's ruling, in "Selling, general and administrative expenses" in our unaudited consolidated statement of operations.
Labor law reforms implemented by the Government of India effective November 21, 2025, including the Code on Social Security, 2020, were designed to repeal and replace the Employees' Provident fund and Miscellaneous Provisions Act, 1952, subject to the issuance of applicable rules. The Social Security Rules were notified by the government of India in May 2026. Additionally, the government of India published the Employees Provident Fund Scheme of 2026 in June 2026. As a result of these developments, management concluded that the liability relating to periods where no proceedings had been initiated by the government is no longer required. Thus, in the second quarter of 2026, management recorded a benefit of $81 million in "Selling, general and administrative expenses" in our unaudited consolidated statement of operations. Our guidance anticipates a pre-tax benefit of approximately ($0.18) per diluted share with a corresponding tax expense of approximately $0.05 per diluted share for the full year 2026.
(c)
During the three months ended March 31, 2025, we realized a gain on the sale of an office complex in India, which was reported in "(Gain) on sale of property and equipment" on our unaudited consolidated statement of operations.
(d)
Non-operating foreign currency exchange gains and losses, inclusive of gains and losses related to foreign exchange forward contracts not designated as hedging instruments for accounting purposes, are reported in "Foreign currency exchange gains (losses), net" in our unaudited consolidated statements of operations. Non-operating foreign currency exchange gains and losses are subject to high variability and low visibility and therefore cannot be provided on a forward-looking basis without unreasonable efforts.
(e)
Presented below are the tax impacts of our non-GAAP adjustment to pre-tax income for the:
(in millions)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Non-GAAP income tax benefit (expense) related to:
Project Leap charges
22
—
22
—
India Defined Contribution Obligation
(21)
—
(21)
—
Gain on sale of property and equipment
—
—
—
(9)
Foreign currency exchange gains and losses
(8)
(7)
(30)
(10)
The effective tax rate related to non-operating foreign currency exchange gains and losses varies depending on the jurisdictions in which such income and expenses are generated and the statutory rates applicable in those jurisdictions. As such, the income tax effect of non-operating foreign currency exchange gains and losses shown in the above table may not appear proportionate to the net pre-tax foreign currency exchange gains and losses reported in our unaudited consolidated statements of operations.
The above tables serve to reconcile the Non-GAAP financial measures to the most directly comparable GAAP measures. Refer to the "About Non-GAAP Financial Measures and Performance Metrics" section of our press release for further information on the use of these Non-GAAP measures.
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
Revenue by Business Segment and Geography
(Unaudited)
(dollars in millions)
Three Months Ended June 30, 2026
Year over Year
$
% of total
% Change
Constant
Currency
% Change (a)
Revenues by Segment:
Health Sciences
$ 1,572
28.7 %
1.4 %
1.0 %
Financial Services (c)
1,733
31.6 %
12.0 %
11.7 %
Products and Resources (c)
1,322
24.1 %
1.2 %
0.7 %
Communications, Media and Technology (c)
854
15.6 %
1.5 %
1.4 %
Total Revenues (b)(c)
$ 5,481
4.5 %
4.1 %
Revenues by Geography:
North America (b)(c)
$ 4,127
75.3 %
5.5 %
5.5 %
United Kingdom
492
9.0 %
2.1 %
1.5 %
Continental Europe
535
9.7 %
2.9 %
0.1 %
Europe - Total
1,027
18.7 %
2.5 %
0.8 %
Rest of World
327
6.0 %
(1.2) %
(1.5) %
Total Revenues (b)(c)
$ 5,481
4.5 %
4.1 %
Six Months Ended June 30, 2026
Year over Year
$
% of total
% Change
Constant
Currency
% Change (a)
Revenues by Segment:
Health Sciences
$ 3,151
28.9 %
0.9 %
— %
Financial Services (c)
3,377
31.0 %
12.2 %
11.0 %
Products and Resources (c)
2,643
24.3 %
2.3 %
0.9 %
Communications, Media and Technology (c)
1,723
15.8 %
4.7 %
3.9 %
Total Revenues (b)(c)
$ 10,894
5.2 %
4.0 %
Revenues by Geography:
North America (b)(c)
$ 8,179
75.0 %
5.3 %
5.2 %
United Kingdom
1,001
9.2 %
6.6 %
3.0 %
Continental Europe
1,065
9.8 %
5.1 %
(1.5) %
Europe - Total
2,066
19.0 %
5.8 %
0.7 %
Rest of World
649
6.0 %
1.1 %
(0.1) %
Total Revenues (b)(c)
$ 10,894
5.2 %
4.0 %
Notes:
(a)
Constant currency revenue growth is not a measure of financial performance prepared in accordance with GAAP. See "About Non-GAAP Financial Measures and Performance Metrics" section of our press release for further information.
(b)
For the three and six months ended June 30, 2026, revenues from our recently completed acquisitions contributed approximately 100 basis points and 90 basis points, respectively, to overall revenue growth, across all segments in North America.
(c)
For the quarter ended June 30, 2026, the sale of third-party products in connection with our integrated offerings strategy contributed approximately 170 basis points to overall revenue growth. These sales contributed 175 basis points of growth to our North America region and 350 basis points of growth to our Continental Europe region. These sales contributed 350 basis points of growth to our Communications Media and Technology segment, 250 basis points of growth to our Financial Services segment and 125 basis points of growth to our Products and Resources segment. For the six months ended June 30, 2026, the sale of third-party products, primarily in North America and Europe, in connection with our integrated offerings strategy, contributed approximately 160 basis points to overall revenue growth. These sales contributed 675 basis points of growth to our Communications Media and Technology segment and 250 basis points growth to our Financial Services segment.
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Cash flows from operating activities:
Net income
$ 636
$ 645
$ 1,298
$ 1,308
Adjustments for non-cash income and expenses
224
133
516
297
Changes in operating assets and liabilities, net of effects of businesses acquired
(302)
(380)
(982)
(807)
Net cash provided by operating activities
558
398
832
798
Cash flows from investing activities:
Purchases of property and equipment
(99)
(67)
(175)
(144)
Proceeds from sale of property and equipment
—
—
—
70
Net (purchases) of investments
—
(15)
—
(15)
Payments for business combinations, net of cash acquired
(604)
—
(1,334)
—
Net cash (used in) investing activities
(703)
(82)
(1,509)
(89)
Cash flows from financing activities:
Issuance of common stock under stock-based compensation plans
12
14
29
33
Repurchases of common stock
(1,163)
(368)
(1,607)
(577)
Net change in term loan borrowings and finance leases
(12)
(9)
(23)
(21)
Proceeds from borrowing under the revolving credit facility
1,000
—
1,000
—
Repayment of notes outstanding under the revolving credit facility
—
—
—
(300)
Dividends paid
(157)
(153)
(316)
(308)
Net cash (used in) financing activities
(320)
(516)
(917)
(1,173)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(1)
16
(2)
29
(Decrease) in cash, cash equivalents and restricted cash
(466)
(184)
(1,596)
(435)
Cash, cash equivalents and restricted cash, beginning of period
1,504
1,980
2,634
2,231
Cash and cash equivalents, end of period
$ 1,038
$ 1,796
$ 1,038
$ 1,796
SUPPLEMENTAL CASH FLOW INFORMATION
(in millions)
Three Months Ended
June 30,
Stock Repurchases under Board of Directors' authorized stock repurchase program:
2026
2025
Number of shares repurchased
22.5
4.5
Remaining authorized balance as of June 30, 2026
$ 2,338
Reconciliation of Free Cash Flow Non-GAAP Financial Measure
(in millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net cash provided by operating activities
$ 558
$ 398
$ 832
$ 798
Purchases of property and equipment
(99)
(67)
(175)
(144)
Proceeds from sale of property and equipment
—
—
—
70
Free cash flow
$ 459
$ 331
$ 657
$ 724
1
Constant currency ("CC") revenue growth, Adjusted Operating Margin and Adjusted Diluted Earnings Per Share ("Adjusted Diluted EPS" or "Adjusted EPS") are not measures of financial performance prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). A full reconciliation of Adjusted Operating Margin guidance to the corresponding GAAP measure on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and a partial reconciliation to the most directly comparable GAAP financial measure at the end of this release.
2
Guidance as of July 29, 2026
3
A full reconciliation of Adjusted Operating Margin and Adjusted Diluted EPS guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and a partial reconciliation to the most directly comparable GAAP financial measures at the end of this release.
Die Einheit stellt zweckgerichtete Teams bereit, die Kunden dabei unterstützen, den Übergang von KI-Pilotprojekten zu skalierbaren Ergebnissen zu meistern.
, /PRNewswire/ -- Cognizant (NASDAQ: CTSH) gab heute die Gründung seiner EMEA-KI-Einheit bekannt, einer speziellen Organisation, die Unternehmen in Europa, dem Nahen Osten und Afrika dabei unterstützen soll, ihre KI-Ziele in unternehmerischen Mehrwert umzusetzen. Im Einklang mit der AI-Builder-Strategie von Cognizant vereint die Einheit Beratungs-, Entwicklungs- und Umsetzungskompetenz, um Kunden beim Aufbau, der Bereitstellung und dem Betrieb von agentenbasierten KI-Lösungen zu unterstützen, die auf ihrem jeweiligen Geschäftskontext basieren, messbare Ergebnisse fördern und unabhängig von einer bestimmten Plattform, einem bestimmten Modell oder einer bestimmten Cloud sind.
Cognizant launches EMEA AI Unit to help enterprises scale agentic AI adoption. Cognizant is an AI Builder company www.cognizant.ai Im Mittelpunkt der Einführung steht das Frontier-Deployed-Engineering-Angebot von Cognizant, ein Umsetzungsmodell, das Kunden dabei helfen soll, die Lücke zwischen Experimenten und skalierbaren geschäftlichen Auswirkungen zu schließen. Es umfasst drei Servicemodelle – „Foundation", „Accelerate" und „Transform" –, die Unternehmen von der KI-Strategie und -Governance bis hin zur produktiven Bereitstellung und einer durchgängigen Neugestaltung der Geschäftsabläufe unterstützen.
Foundation hilft Unternehmen dabei, die Strategie, die Governance, die Technologieauswahl und erste Prototypen zu etablieren, die für den Start ihrer Reise in die agentenbasierte KI erforderlich sind. Accelerate konzentriert sich auf die schnelle Identifizierung, Entwicklung und Bereitstellung hochwertiger Anwendungsfälle in der Produktion. Transform unterstützt eine umfassendere Neugestaltung durch Multi-Agent-Entwicklungsteams, die dabei helfen, Arbeitsabläufe durchgängig neu zu gestalten und zu automatisieren, und so die Verantwortlichkeit für die operative Leistung fördern.
Die Einheit unterstützt bereits Kunden in verschiedenen Reifegraden. Cognizant unterstützt einen der führenden europäischen Online-Modehändler dabei, bewährte KI-Anwendungsfälle in die Produktion zu überführen – mithilfe eines AI-Factory-Modells, das Entwicklungszyklen von Monaten auf Tage verkürzen kann und gleichzeitig agentenbasierte Arbeitsabläufe in den Bereichen Lieferkette, Lagerbestand, Retouren, Kundenerlebnis und Margenschutz vorantreibt. Zudem arbeitet das Unternehmen mit einem weltweit führenden Pharmakonzern zusammen, um die Forschungs- und Entwicklungsabläufe durch Multi-Agenten-Systeme neu zu gestalten, die die Wirkstoffforschung, die Konzeption klinischer Studien und die Vorbereitung auf behördliche Zulassungsverfahren umfassen.
Die EMEA-KI-Einheit spiegelt den AI-Builder-Ansatz von Cognizant wider, indem sie Menschen, Plattformen und geschäftlichen Kontext kombiniert, um KI-Systeme zu entwickeln, die im Unternehmen echte Arbeit leisten. Als neutraler AI Builder arbeitet Cognizant plattform-, modell- und technologieunabhängig und hilft Kunden dabei, die Lösungen auszuwählen und zu skalieren, die ihren individuellen betrieblichen Anforderungen am besten entsprechen, anstatt sie zu verpflichten, sich auf einen einzigen Stack oder Anbieter festzulegen. Die zweckorientierten Teams unterstützen Kunden dabei, den Übergang von Pilotprojekten zu skalierbaren Ergebnissen zu vollziehen, und helfen ihnen gleichzeitig bei der Erfüllung regionaler Anforderungen wie Datenhoheit, regulatorischer Vorgaben und branchenspezifischer betrieblicher Bedürfnisse.
„In der gesamten EMEA-Region sind viele Unternehmen von KI begeistert, arbeiten aber noch daran, diese Dynamik in echten geschäftlichen Mehrwert umzuwandeln", sagte Manoj Mehta, Präsident EMEA bei Cognizant. „Die EMEA-KI-Einheit spiegelt die AI-Builder-Strategie von Cognizant wider, indem sie die Mitarbeiter, Plattformen und das technische Fachwissen zusammenführt, die erforderlich sind, um Kunden von Pilotprojekten zum Erfolg zu führen. Unser Ansatz ist von Grund auf neutral: Wir arbeiten cloud-, modell- und ökosystemübergreifend, damit Kunden eigenständige KI-Lösungen entwickeln können, die zu ihrem Geschäft passen, sich in die Betriebsabläufe integrieren lassen und die Verantwortlichkeit für die Ergebnisse gewährleisten."
Informationen zu Cognizant
Cognizant (NASDAQ: CTSH) ist ein Entwickler von KI-Lösungen und Anbieter von Technologiedienstleistungen, der durch die Entwicklung von Full-Stack-KI-Lösungen für Kunden eine Brücke zwischen KI-Investitionen und Unternehmenswert schlägt. Dank seiner umfassenden Branchen-, Prozess- und Engineering-Expertise ist Cognizant in der Lage, den individuellen Kontext von Unternehmen in Technologiesysteme zu integrieren, die das menschliche Potenzial erweitern, greifbare Erträge erzielen und globalen Unternehmen in einer sich schnell verändernden Welt einen Vorsprung verschaffen. Weitere Informationen dazu erhalten Sie unter www.cognizant.ai oder @cognizant.
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Unit will provide fit-for-purpose teams that can help clients build the bridge from AI pilots to scalable outcomes
, /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced the launch of its EMEA AI Unit, a dedicated organization created to help enterprises across Europe, the Middle East and Africa move from AI ambition to enterprise value. Aligned to Cognizant's AI Builder strategy, the unit brings together advisory, engineering and delivery capabilities to help clients build, deploy and run agentic AI solutions grounded in their business context, designed to support measurable outcomes and independent of any single platform, model or cloud.
Cognizant launches EMEA AI Unit to help enterprises scale agentic AI adoption. Cognizant is an AI Builder company www.cognizant.ai At the center of the launch is Cognizant's Frontier Deployed Engineering offering, a delivery model designed to help clients close the gap between experimentation and scaled business impact. It includes three service models — Foundation, Accelerate and Transform — that support organizations from AI strategy and governance through to production deployment and end-to-end business reinvention.
Foundation helps organizations establish the strategy, governance, technology choices and early prototypes needed to begin their agentic AI journey. Accelerate focuses on rapidly identifying, building and deploying high-value use cases into production. Transform supports broader reinvention through multi-agent delivery squads that help redesign and automate workflows end to end, supporting accountability for operational performance.
The unit is already supporting clients at different stages of maturity. Cognizant is helping one of Europe's leading online fashion retailers move proven AI use cases into production through an AI factory model that can compress development cycles from months to days, while advancing agentic workflows across supply chain, inventory, returns, customer experience and margin protection. It is also working with a global pharmaceutical leader to reimagine R&D operations through multi-agent systems spanning drug discovery, clinical trial design and regulatory preparation.
The EMEA AI Unit reflects Cognizant's AI Builder approach by combining people, platforms and business context to build AI systems that do real work inside the enterprise. As a neutral AI Builder, Cognizant works across cloud platforms, AI models and technology ecosystems, helping clients choose and scale the solutions that best fit their unique operating needs rather than asking them to commit to a single stack or vendor. Its fit-for-purpose teams help clients move from pilots to scalable outcomes while supporting client efforts to address regional requirements such as data sovereignty, regulatory expectations and sector-specific operating needs.
"Across EMEA, many organizations are enthusiastic about AI but are still working out how to turn that momentum into real business value," said Manoj Mehta, President EMEA at Cognizant. "The EMEA AI Unit reflects Cognizant's AI Builder strategy by bringing together the people, platforms and engineering expertise needed to move clients from pilots to payoff. Our approach is neutral by design: we work across clouds, models and ecosystems so clients can build agentic AI solutions that fit their business, integrate into operations and support accountability for outcomes."
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Key Takeaways Innodata is favored over Genpact for faster growth, wider margins and stronger long-term upside.Innodata raised 2026 revenue growth guidance to 40% or more after first-quarter revenues rose 54%.Genpact offers stability and a low valuation, but its mature core business limits overall growth. Artificial intelligence is redefining the global IT services landscape as enterprises accelerate investments in generative AI, agentic AI and intelligent automation. Companies capable of combining deep domain expertise with scalable AI execution are well positioned to benefit from this multiyear transformation. Innodata (INOD - Free Report) and Genpact (G - Free Report) are two companies riding this wave, albeit through distinctly different business models.
Innodata has evolved into a specialized AI data engineering company serving frontier AI labs, hyperscalers and enterprise AI builders, while Genpact is leveraging decades of business process expertise to embed agentic AI into finance, supply chain and enterprise operations. Both are benefiting from rising AI adoption, making them worthwhile stocks to compare today.
Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for Innodata StockInnodata continues to establish itself as one of the fastest-growing pure-play AI services companies. The first quarter of 2026 was another record period, with revenues increasing 54% year over year to $90.1 million while adjusted EBITDA nearly doubled to $25 million. Management also raised its full-year 2026 revenue growth outlook to approximately 40% or more from the previous expectation of roughly 35%, reflecting stronger-than-anticipated customer demand.
The company's biggest competitive advantage lies in its strategic position within the AI ecosystem. Rather than building foundation models itself, Innodata provides the specialized data engineering, model evaluation, trust and safety services, reasoning datasets and AI observability platforms that leading AI developers require. During the quarter, the company announced new engagements with one of the world's leading Big Tech companies expected to contribute roughly $51 million in 2026 revenues. Revenues from its other Big Tech customers surged 453% year over year, highlighting improving customer diversification.
Growth opportunities continue expanding well beyond traditional data annotation. Innodata recently introduced its Evaluation and Observability Platform, which has already secured its first $1 million customer engagement, while multiple enterprises are evaluating the solution. The company is also gaining traction across enterprise AI, federal AI programs, robotics and physical AI applications, creating several long-term growth vectors.
Financial execution has been equally impressive. Adjusted gross margin expanded to 47%, well above management's long-term target, while cash, cash equivalents and short-term investments climbed to $117.4 million with virtually no debt outstanding. The company's ability to generate higher margins alongside accelerating growth demonstrates significant operating leverage.
Nevertheless, risks remain. Revenues are still concentrated among several large technology customers, and the stock's premium valuation leaves limited room for execution disappointments if AI spending moderates.
The Case for Genpact StockGenpact represents a more mature but increasingly AI-focused enterprise services company. Rather than targeting frontier AI developers, it helps large global enterprises automate mission-critical operations through agentic AI, advanced analytics and digital transformation.
The company's AI strategy is gaining momentum. First-quarter 2026 revenues increased 6.7% year over year to $1.296 billion, while Advanced Technology Solutions revenues accelerated 24%, now accounting for 27% of total revenues. Gross margin expanded for the twelfth consecutive quarter, highlighting the benefits of shifting toward higher-value AI-enabled offerings.
Management believes Genpact is entering a new growth phase driven by Agentic Operations. The company signed six large transformational deals during the quarter while its Advanced Technology Solutions pipeline expanded more than 30% over the prior 90 days. Growing partnerships with Google Cloud and expanding deployment of proprietary AI solutions across finance, procurement and supply chain operations further strengthen its competitive positioning.
Another major advantage is Genpact's diversified enterprise customer base and recurring managed-services model. These long-term relationships generate stable cash flows and reduce dependence on a handful of AI infrastructure customers.
However, Genpact's mature business also limits its growth potential. Although Advanced Technology Solutions continues to grow rapidly, Core Business Services still generate roughly three-fourths of total revenues, keeping overall company growth in the mid-single digits. As a result, Genpact offers greater stability but less explosive upside than Innodata.
Innodata Has Clearly Outperformed Its PeersThe market has rewarded companies with greater exposure to frontier AI development. Innodata shares have gained 9.7% year to date (YTD), outperforming the Zacks S&P 500 Composite's 7.5% return.
INOD vs G Price Performance (YTD)
Image Source: Zacks Investment Research
By comparison, Genpact stock has plunged 33.2% YTD as investors remained cautious about its slower growth trajectory. Close peers ExlService Holdings (EXLS - Free Report) and Cognizant Technology Solutions (CTSH - Free Report) have also struggled, plummeting 34.8% and 45.2%, respectively, during the same period. Among this peer group, Innodata has emerged as the clear market leader, reflecting investor confidence in its faster AI-driven growth, expanding hyperscaler relationships and increasing exposure to high-value AI infrastructure projects.
Valuation Premium Mirrors Superior Growth ExpectationsThe valuation gap among these AI services companies reflects their very different growth profiles. Innodata currently trades at 36.32X forward 12-month earnings, significantly above Genpact's 7.31X.
INOD vs G Valuation (P/E F12M)
Image Source: Zacks Investment Research
Peer valuations reinforce this contrast. ExlService trades at 11.55X forward 12-month earnings, while Cognizant trades at 7.59X. Genpact and Cognizant command similar multiples because investors expect relatively modest revenue and earnings expansion. ExlService earns a somewhat higher valuation thanks to stronger digital analytics capabilities, yet it still trades at a substantial discount to Innodata. Investors continue assigning Innodata a premium because of its exceptional revenue growth, expanding profitability, rising AI customer wins and considerable long-term runway in frontier AI services.
Earnings Outlook Continues to Favor InnodataAnalyst estimate revisions also support Innodata's stronger investment case. Over the past 60 days, the Zacks Consensus Estimate for 2026 earnings has remained unchanged at $1.14 per share, while the 2027 estimate increased to $1.84 from $1.78. Analysts expect 2026 earnings to grow 23.9% on 42.5% revenue growth, followed by another 61.4% earnings per share (EPS) increase on 29.3% revenue growth in 2027.
INOD EPS Estimate
Image Source: Zacks Investment Research
Genpact's earnings outlook is comparatively more modest. The 2026 consensus estimate for EPS edged lower to $4.05 from $4.06 over the past 60 days, while the 2027 estimate increased slightly to $4.44 from $4.43. Analysts currently project 11% earnings growth on 6.9% revenue growth in 2026, followed by 9.6% EPS growth and 7% revenue growth in 2027.
Genpact EPS Estimate
Image Source: Zacks Investment Research
Which AI Services Stock Offers Better Upside?Both companies stand to benefit from rising enterprise AI adoption, but they appeal to different types of investors. Genpact offers a diversified customer base, recurring revenues and an increasingly AI-enabled business model at an inexpensive valuation. However, its mature operations naturally limit the pace of future growth.
Innodata appears to offer the stronger long-term investment opportunity. The company is delivering substantially faster revenue growth, rapidly expanding margins, raising guidance, broadening its customer base and moving into higher-value AI software and platform offerings. Combined with significantly stronger earnings growth expectations, Innodata currently offers the better upside potential despite trading at a much richer valuation. Innodata currently sports a Zacks Rank #1 (Strong Buy) compared with Genpact's Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Key Takeaways Cognizant expects Q2 revenues of $5.45B-$5.52B, supported by large-deal ramps and AI demand. CTSH sees Astreya boosting Q2 growth, while AI engagements and platform-led delivery expand. CTSH faces macro uncertainty, softer discretionary demand and competition before Q2 results. Cognizant Technology Solutions (CTSH - Free Report) is scheduled to report its second-quarter 2026 results on July 29, 2026.
The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.38 per share, which has been unchanged over the past 30 days. This represents a 5.34% increase from the figure reported in the year-ago quarter.
For the second quarter of 2026, Cognizant expects revenues in the range of $5.45-$5.52 billion, implying year-over-year growth of 3.8%-5.3% (3.2%-4.7% at constant currency).
The Zacks Consensus Estimate for second-quarter revenues is pegged at $5.48 billion, indicating a year-over-year increase of 4.54%.
Cognizant’s earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 4.81%.
Let’s see how things have shaped up for the upcoming announcement.
Factors to NoteCognizant’s second-quarter performance is expected to have benefited from the ramp-up of large deals and strong bookings momentum achieved in the previous quarters. In the first quarter of 2026, CTSH signed seven large deals, including one mega deal valued at over $500 million. Bookings grew 21% year over year, and trailing 12-month bookings reached $29.6 billion, for a book-to-bill of about 1.4x, reflecting continued large-deal activity. Management emphasized that many of these large-deal transitions, initiated in the fourth quarter of 2025 and the first quarter of 2026, will begin to unlock revenues in the second quarter of 2026 and the third quarter of 2026 as they move from transition to production phases.
The company continues to gain traction in AI-led services and platform-driven delivery, supported by large-deal ramps and steady constant-currency growth. In the first quarter of 2026, the company reported more than 5,000 AI engagements and said nearly 40% of its code is AI-assisted, supported by partnerships that include Anthropic, Google Gemini and OpenAI Codex.
Another significant benefit for the second quarter of 2026 is the partial quarter contribution from recent acquisitions, particularly Astreya. CTSH completed the acquisition of Astreya, a specialist in AI infrastructure and managed services, which is expected to add a critical layer to CTSH’s AI Builder technology stack. The second-quarter guidance includes approximately 150 basis points of revenue growth from recently completed acquisitions, with Astreya providing a partial quarter contribution.
CTSH’s strong position in key verticals such as Financial Services and Health Sciences, along with healthy demand for AI, analytics, and integrated offerings, is expected to have supported second-quarter growth. Financial Services, in particular, delivered double-digit growth in the first quarter of 2026 and continues to benefit from robust investment cycles and innovation budgets. The company is also capitalizing on opportunities in predictive supply chains, agentic commerce and hyper-personalization, especially as clients seek to consolidate vendors and modernize legacy systems.
However, the company is suffering from challenging macroeconomic uncertainty, softening discretionary demand and stiff competition. These challenges are expected to have affected CTSH’s performance in the to-be-reported quarter.
What Our Model SaysPer the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Cognizant has an Earnings ESP of -1.34% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Amphenol (APH - Free Report) has an Earnings ESP of +1.12% and a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Amphenol shares have gained 13% year to date. Amphenol is scheduled to report its second-quarter 2026 results on July 29.
ASE Technology (ASX - Free Report) has an Earnings ESP of +21.21% and a Zacks Rank #1.
ASE Technology shares have surged 128.9% year to date. ASE Technology is set to report its second-quarter 2026 results on July 30.
Fortive (FTV - Free Report) has an Earnings ESP of +2.82% and a Zacks Rank #2 at present.
Fortive shares have gained 12.9% in the year-to-date period. Fortive is set to report second-quarter 2026 results on July 29.
198-year-old mutual property and casualty insurer to optimize core systems, unify its data and advance responsible AI adoption under a five-year partnership
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today a strategic, five-year, enterprise-wide partnership with The Andover Companies, Inc., one of the longest-standing mutual property and casualty insurance groups in the Northeast, to scale its core and portal systems, unify its data and help lay the foundation for responsible AI adoption in underwriting and claims.
The Andover Companies Selects Cognizant to Modernize Technology and Advance AI-Driven Innovation. Cognizant is an AI Builder company www.cognizant.ai. Under the agreement, Cognizant will modernize integration of Andover's core policy administration platform to its digital properties, build a new enterprise data platform and strengthen the security of Andover's policyholder- and agent-facing digital portals, including support for NYDFS cybersecurity compliance, while helping Andover explore responsible AI use cases across IT, underwriting and claims.
Throughout the term of the agreement, Cognizant and Andover will focus on:
Core platform integration and optimization: Providing application and managed services across Andover's successful core system modernization achievement with a policy administration platform. Integration and optimization will include enhanced workflow, product & pricing enhancements, platform upgrades, and API modernization. This model gives Andover a single, accountable partner for the ongoing operation, support, and continuous enhancement of its environment. Enterprise data foundation: Establishing a governed, AWS-native enterprise data platform using a layered "Medallion" architecture to consolidate data from Andover's core systems, agency data management, and other sources into a single, trusted view, with AI-enabled governance to help automate data-quality checks, metadata management, lineage, and classification, supporting downstream AI models built on accurate, well-governed, and audit-ready data. Security and compliance modernization: Leading cybersecurity and application modernization work, including identity access management and architecture hardening for Andover's MyAndover policyholder portal and independent-agent portal, while supporting more robust regulatory alignment for NYDFS compliance. Responsible AI exploration: Collaborating with Andover's vision for the responsible and secure use of AI through a jointly run AI exploration workshop to scope near-term, high-value use cases for generative and agentic AI across underwriting, claims, and software development & quality assurance with plans to prototype on Cognizant's Neuro® AI platform, which brings together generative AI, machine learning and evolutionary AI under multi-agent orchestration with built-in explainability and audit trails. By scaling its core system interoperability and building a governed data foundation first, Andover will mature its existing and modernized capabilities to support faster, more consistent underwriting intake and claims handling, while keeping underwriters and adjusters firmly in control of final decisions. A more integrated, secure, and scalable platform is also intended to aid Andover's agility and relationship strength with its independent agents, and to scale capacity during surge periods, such as major weather events, while laying the foundation for responsible AI adoption over time. As that foundation matures, Cognizant intends to introduce generative and agentic AI capabilities—drawing on its Neuro® AI platform and industry-trained models—to help accelerate submission intake, triage FNOLs and surface insights for underwriters and adjusters, always keeping a human in the loop.
"Our approach has always been to enable Andover with technology advantage without disruption, maintaining continuity for our policyholders and agents today while building the foundation for tomorrow," said Kevin McNamara, Chief Information Officer of The Andover Companies, Inc. "Cognizant's deep experience with insurance platforms and as a leading global consultancy, combined with our objective to scale downstream and upstream digital capabilities, unlock the responsible use of AI, and protect our data and the trust of our stakeholder community was a winning combination. Cognizant's offering of industry expertise, skilled people, advanced technology accelerators, and responsive partnership has given us the confidence to move beyond our modernization success to further our goals of being the 'Easiest Company to Do Business With', long-term profitability, and a trusted partner to our Independent Agents and Insureds."
"We're proud to partner with a carrier that has been serving its policyholders and independent agents for nearly two centuries as it invests ahead of the market in its technology and data foundation," said Nageswar Cherukupalli, Chief Sales Officer and Head of Banking, Capital Markets, and Insurance at Cognizant. "Our work with Andover reflects our approach to AI Builder engagements in insurance: to unlock the value of core systems and establish trusted data first, then apply AI—through platforms like Cognizant Neuro® AI—carefully and responsibly, in ways that support underwriters and adjusters rather than replace their judgment."
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
About The Andover Companies
The Andover Companies, Inc. is one of the largest and longest-standing property and casualty mutual insurance groups in the Northeast, writing business across Massachusetts, Maine, New Hampshire, Rhode Island, Connecticut, New York, New Jersey, and Illinois. Our three distinct insurance companies, Merrimack, Cambridge, and Bay State Insurance Company, enable us to provide a wide range of coverage solutions and services that shield personal and commercial properties and their owners from risk. As our company approaches its 200th year in business, we are just as committed as our founders were to protecting our policyholders and continuing to build the most reliable network of local and independent insurance agents in the region. Consistently rated "A" or higher by AM Best for over a century, we display an unwavering ambition to safeguard our neighbors and communities. To learn more about The Andover Companies, visit: https://www.andovercompanies.com.
For more information, contact:
Katrina Cheung
[email protected]
As a Global Premier Partner in the Claude Partner Network, Cognizant brings the industry depth and delivery scale to take Claude from enterprise AI pilots to results in production Cognizant is embedding Claude across its own business and engineering platforms, while scaling a Claude-certified workforce as part of its new Frontier Certified workforce model Cognizant is already applying Claude in client work spanning manufacturing, life sciences and insurance, delivering measurable results in production , /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced an expanded strategic partnership with Anthropic, becoming one of a small number of Global Premier Partners in the Claude Partner Network. The expanded relationship builds on the partnership announced in late 2025.
The expanded partnership addresses the gap between model capability and companies' ability to drive business results. Closing that gap extends beyond model capability. It takes the domain context, engineering depth and delivery scale to embed AI into the systems enterprises already run on. That is the mandate Cognizant executes as an AI Builder.
"AI capability is rising faster than enterprises can absorb it, and that gap is the defining problem of this moment," said Ravi Kumar S, CEO, Cognizant. "Our role is to be the bridge. We bring the industry context, the engineering scale and the trust frameworks that use Claude to deliver production outcomes inside the most demanding enterprise environments. This partnership with Anthropic is about doing that for clients who need AI they can rely on, not just experiment with."
"Deepening our partnership with Cognizant will help more companies harness AI's growing capability and deploy it in real, practical ways for their businesses. From manufacturing to the life sciences, Cognizant is bringing Claude into the everyday work of some of the world's most demanding industries — the kinds of contexts where AI can demonstrate its greatest value for humanity," said Daniela Amodei, Co-Founder and President of Anthropic.
Cognizant is already applying Claude in client work spanning multiple regulated industries, with measurable results. In manufacturing, Cognizant delivered a working AI-led customer experience portal for a global manufacturer within six months of kickoff. In life sciences, Cognizant built an agentic contract-intelligence system for a biopharmaceutical company that has helped cut contract review time by up to 40 percent while lifting extraction accuracy above 88 percent in that deployment. In insurance, Cognizant developed a risk-navigation tool that helped turn hours of manual research into about a minute for underwriters evaluating similar accounts, saving each underwriter roughly eight hours a week in that deployment. Additional work is underway across financial services, telecommunications and other industries.
Cognizant currently holds the most certifications on Claude globally - a reflection of the scale of investment enterprises are making as AI services spend expands well beyond traditional technology budgets. Cognizant's work with Travelport is one proof point of that shift: Claude is expected to be deployed across Travelport's software delivery lifecycle, with its large context window analyzing Travelport's codebases to surface embedded business logic at scale — one of the most technically demanding elements of enterprise modernization — to modernize how its travel retailing and distribution platforms are built, tested and maintained.
Cognizant is also embedding Claude across platforms including Flowsource™, Neuro® AI Engineering and Neuro® IT Ops, as part of an open, model-agnostic strategy. Flowsource™, an established full-stack engineering platform, has evolved to introduce an agentic workforce alongside human engineers, integrating Claude Code directly into its Spec-Driven Development module. Flowsource directs these agents using specifications, coding standards and architectural blueprints, then automatically checks the output against those same standards to help support reliable, production-grade software.
With Cognizant's recently announced Frontier workforce model, the company has committed to readying 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators credentialed directly by frontier-model companies, as part of a certification pipeline reaching 40,000 professionals. Claude certification and training already make up a meaningful and growing share of it.
To date, more than 30,000 Cognizant associates have completed Claude training, with both certification and training figures expected to grow towards the full complement of 350,000+ Cognizant associates as Cognizant expands platform fluency across the company. That depth runs through Cognizant's software engineering practice in particular, where teams use Claude as part of how they build for clients every day, the same capability the company applies internally that it now brings to market.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Arrowstreet Capital Limited Partnership trimmed its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH – Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,782,329 shares of the information technology service provider’s stock after selling 91,945 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.59% of Cognizant Technology Solutions worth $170,696,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in Cognizant Technology Solutions in the third quarter worth $25,000. Lodestone Wealth Management LLC bought a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in shares of Cognizant Technology Solutions during the fourth quarter valued at approximately $28,000. Physician Wealth Advisors Inc. increased its holdings in shares of Cognizant Technology Solutions by 165.1% in the fourth quarter. Physician Wealth Advisors Inc. now owns 342 shares of the information technology service provider’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in Cognizant Technology Solutions in the 4th quarter worth approximately $29,000. Institutional investors own 92.44% of the company’s stock.
Cognizant Technology Solutions News Summary Here are the key news stories impacting Cognizant Technology Solutions this week:
Positive Sentiment: Cognizant announced a strategic partnership with Gulf Edge to accelerate enterprise AI adoption in Southeast Asia, including Thailand. The deal highlights CTSH’s push into higher-growth AI services and could support longer-term revenue opportunities. Article Title Positive Sentiment: Investors appear to be buying ahead of Cognizant’s second-quarter earnings report on July 29, leaning on the company’s first-quarter momentum, which included revenue growth, strong bookings, and improved margin guidance. Article Title Positive Sentiment: Wall Street still broadly remains constructive: JPMorgan cut its price target to $55 from $74, but kept an overweight rating, while other recent analyst calls have been positive. That suggests expectations may be reset rather than deteriorating. Article Title Neutral Sentiment: Short-interest data did not show a meaningful change, so there is little evidence that the latest move is being driven by a short squeeze or bearish positioning. Negative Sentiment: The JPMorgan target cut reflects lower near-term upside expectations, and the stock remains well below its prior highs, which may temper enthusiasm if upcoming earnings disappoint. Negative Sentiment: Recent insider selling and mixed institutional ownership trends could be a modest headwind for sentiment, even though these factors do not appear to be the main driver today. Analyst Upgrades and Downgrades A number of research analysts have commented on the company. Morgan Stanley set a $44.00 price objective on Cognizant Technology Solutions and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. dropped their target price on Cognizant Technology Solutions from $74.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday. Guggenheim cut their price target on Cognizant Technology Solutions from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price objective on Cognizant Technology Solutions from $83.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Cognizant Technology Solutions in a report on Friday, July 10th. Ten equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cognizant Technology Solutions currently has an average rating of “Hold” and an average target price of $62.00.
Get Our Latest Research Report on Cognizant Technology Solutions
Cognizant Technology Solutions Stock Up 5.7% NASDAQ:CTSH opened at $45.45 on Friday. Cognizant Technology Solutions Corporation has a 1 year low of $37.08 and a 1 year high of $87.03. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.94 and a beta of 0.87. The stock has a 50-day moving average price of $47.14 and a two-hundred day moving average price of $59.67.
Cognizant Technology Solutions (NASDAQ:CTSH – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information technology service provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Cognizant Technology Solutions had a return on equity of 17.50% and a net margin of 10.41%.The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter last year, the firm posted $1.23 earnings per share. Cognizant Technology Solutions’s revenue was up 5.8% compared to the same quarter last year. Cognizant Technology Solutions has set its FY 2026 guidance at 5.630-5.770 EPS. As a group, equities analysts expect that Cognizant Technology Solutions Corporation will post 5.7 earnings per share for the current year.
Cognizant Technology Solutions Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. Cognizant Technology Solutions’s payout ratio is presently 28.70%.
Cognizant Technology Solutions declared that its Board of Directors has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology service provider to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
Cognizant Technology Solutions (NASDAQ: CTSH) is a global professional services company that provides information technology, consulting and business process services to large enterprises. Its core offerings include digital engineering, application development and maintenance, cloud migration and managed services, data analytics and artificial intelligence, cybersecurity, and industry-specific solutions. Cognizant works with clients to design and implement technology-enabled transformations that address customer experience, operational efficiency and new product and service delivery.
Founded in the 1990s and headquartered in Teaneck, New Jersey, Cognizant has grown into a multinational organization with delivery centers and operations across the Americas, Europe, and Asia.
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Partnership combines Cognizant's global AI engineering capabilities with Gulf Edge's sovereign digital infrastructure to capture the region's growing demand for secure, scalable AI solutions.
Partnership combines sovereign digital infrastructure, enterprise AI capabilities,
and industry expertise to help position Thailand as a leading AI economy in Southeast Asia
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited (Gulf Edge), the digital infrastructure arm of Gulf Group, today announced a landmark strategic partnership that aims to accelerate AI adoption across Thailand and support the country's transition toward an AI-native economy.
Cognizant and Gulf Edge Launch Strategic AI & Services Partnership to Accelerate Thailand’s AI Transformation. Cognizant is an AI Builder company www.cognizant.ai As artificial intelligence rapidly reshapes industries, economies and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand's next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant intend to help organizations deploy AI securely, responsibly and at scale.
The collaboration brings together Gulf Edge's leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand's most important industries with Cognizant's global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies aim to deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration and managed services.
The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing and the public sector. Through industry-specific AI solutions, organizations are expected to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes and unlock new opportunities for innovation and growth.
Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand's position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners and public-sector organizations to develop AI talent, promote responsible AI adoption and foster a sustainable innovation ecosystem for the country.
Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, "Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge's strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant's global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth."
Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, "Cognizant and Gulf Edge share a clear ambition to accelerate AI adoption in Thailand, helping to position the country as a regional AI hub. As an AI Builder, Cognizant focuses on bridging the gap between AI investments and measurable business value by building AI into everyday workflows, utilizing specific business context, and embedding it directly into existing operations. Together with Gulf Edge, we intend to bring this approach to Thai organizations, helping them innovate and scale." Ayyar continued, "This joint effort has the potential to generate up to approximately 1,000 high-skilled jobs in advanced AI and digital transformation. We are excited to collaborate with Gulf Edge to develop homegrown talent and build the lasting technology capabilities required for Thailand's digital future."
About Gulf Edge
Gulf Edge Company Limited is the digital infrastructure arm of Gulf Development Public Company Limited, Thailand's leading energy and infrastructure conglomerate. Gulf Edge is building a robust digital ecosystem, spanning data centers, cloud services, satellite technology, and AI infrastructure, to accelerate Thailand's digital transformation and position the country as a regional hub for the AI economy.
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for clients. Its deep industry, process, and engineering expertise enables it to build an organization's unique context into technology systems that amplify human potential, realize tangible returns, and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
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The Style Scores are broken down into four categories:
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Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 7.65; value investors should take notice.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.00 to $5.70 per share. CTSH also boasts an average earnings surprise of +4.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CTSH should be on investors' short list.
Wall Street expects a year-over-year increase in earnings on higher revenues when Cognizant (CTSH - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis information technology consulting and outsourcing firm is expected to post quarterly earnings of $1.38 per share in its upcoming report, which represents a year-over-year change of +5.3%.
Revenues are expected to be $5.48 billion, up 4.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.18% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Cognizant?For Cognizant, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.45%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Cognizant will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Cognizant would post earnings of $1.33 per share when it actually produced earnings of $1.40, delivering a surprise of +5.26%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Cognizant doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cognizant (CTSH - Free Report) Headquartered in Teaneck, NJ, Cognizant Technology Solutions Corporation is a leading professional services company. The company was spun off from Dun & Bradstreet in 1996 and went public in 1998.
CTSH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. CTSH has a Growth Style Score of B, forecasting year-over-year earnings growth of 8% for the current fiscal year.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.00 to $5.70 per share. CTSH boasts an average earnings surprise of +4.8%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CTSH should be on investors' short list.
Data from global nonprofit partners shows consistent gains in employment, earnings and long-term stability for underestimated youth
, /PRNewswire/ -- As the world marks World Youth Skills Day, Cognizant (NASDAQ: CTSH) today highlighted Synapse grantee-published data showing that skills-based training programs are delivering measurable, long-term economic mobility for young people even as artificial intelligence (AI) rapidly redefines entry-level work. World Youth Skills Day celebrates the importance of equipping young people with the skills they need for employment, decent work and entrepreneurship.
According to the International Labour Organization (ILO), an estimated 260 million young people - primarily ages 15–24 - are not in education, employment or training, creating persistent barriers to workforce entry. At the same time, new research from Cognizant and Pearson's The AI Workforce Pulse shows that nearly all (94%) HR leaders expect AI will generate new entry-level roles that didn't exist before and these roles will evolve toward supervising and collaborating with AI systems rather than executing routine tasks. The rapid pace of AI adoption is creating a disconnect between the skills organizations have and the skills they need, making talent strategy one of the defining challenges of the moment.
Launched in 2023, Cognizant's Synapse initiative is a company-wide effort to advance learning and development, forge technology partnerships and invest in community giving. It brings together nonprofits, educational institutions and industry partners to expand access to digital and professional skills training worldwide. The initiative has already surpassed its initial goal of reaching one million individuals and now aims to upskill two million people by 2030. Results from nonprofits supported by Cognizant's Synapse initiative demonstrate that when young people gain access to structured, employer-connected skills training, they don't just find jobs but also are better positioned to build lasting financial stability.
Proven Outcomes Across Leading Workforce Programs
Published data from select Synapse-supported nonprofit organizations shows consistent, high-impact outcomes for young adults. Across programs and geographies, when young people gain access to structured, employer-connected skills training, outcomes have improved quickly and demonstrated lasting benefits. Notably, these outcomes were achieved before the latest wave of AI disruption - demonstrating that skills-first models were already solving the workforce challenges many employers are only now beginning to define.
Year Up United: Young adults earn 30% higher wages on average six years after completing the program compared to a control group, representing the largest earnings impact ever recorded for a workforce development program in a randomized controlled trial. Braven: The Class of 2025 outpaced their peers nationally in quality outcome attainment by 12 percentage points (57% vs 45%) within six months of graduation. CodePath: Program alumni earn a median first-year salary of $20,000 higher than their computer science peers, with 74% from low-income or underestimated backgrounds, demonstrating the effectiveness of skills-first pathways. Generation: While 90% of alumni were unemployed before enrollment in the program, 76% remain employed 2–5 years later, 73% earn a living wage, and nearly half support their families financially. The King's Trust: The King's Trust supports young people aged 11–30 across the United Kingdom to build their confidence and skills for work. Over the last five years, three in four young people supported by the charity have moved into employment, education or training. The charity's work has generated an estimated £3.9 billion in social value over the past decade. "As AI transforms how work gets done, the ability to learn, adapt and apply new skills is becoming the most important currency in the labor market," said Kathy Diaz, Chief People Officer, Cognizant. "The data from our Synapse nonprofit partners shows that when young people are given access to the right training and opportunities, they don't just enter the workforce but thrive in it. On World Youth Skills Day, we're reminded that scaling access to skills is one of the most powerful ways to expand economic opportunity."
Cognizant is also investing directly in early-career talent, having hired 20,000 new graduates in 2025 and currently expects to exceed that number in 2026.
Preparing Youth for an AI-Driven Workforce
The findings come at a pivotal moment for the global workforce. Cognizant's New Work, New World research shows that AI already could be impacting 93% of jobs, while the AI Workforce Pulse study highlights a growing gap between employer needs and workforce readiness. As entry-level roles evolve toward AI collaboration, adaptability and problem-solving, employers are placing greater emphasis on the human and transferable skills that Synapse-supported programs are already building at scale.
"We see every day how access to training and support can change the trajectory of a young person's life," said Susan Murray, CEO, Year Up United. "With the right combination of technical skills, durable skills and hands-on experience, young people are not only securing jobs but building careers, supporting their families, and strengthening their communities. Partnerships like Synapse are critical to making that impact at scale."
For more information, visit the Synapse webpage here.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to the effects and speed of AI's impact on the workforce and the job market. These statements are neither promises nor guarantees but include findings of the reports discussed above and remain subject to a variety of risks and uncertainties, many of which are beyond Cognizant's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause outcomes to differ materially from those expressed or implied include general economic conditions, the impact of technological development and competition, the competitive and rapidly changing nature of the markets Cognizant and its clients compete in, the competitive marketplace for talent and its impact on employee recruitment and retention, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) has released the following notice:
HERMAN JONES LLP
SERINA M. VASH
153 Central Avenue #131
Westfield, NJ 07090
[email protected]
Telephone: (404) 504-6516
Facsimile: (404) 504-6501
[Additional Counsel on Signature Page]
Attorneys for Plaintiff
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF NEW JERSEY
VISWANATHA PALEMPALLI,
Derivatively on Behalf of COGNIZANT
TECHNOLOGY SOLUTIONS CORPORATION,
Plaintiff,
v.
MICHAEL PATSALOS-FOX, JOHN
N. FOX, JR., MAUREEN BREAKIRON-
EVANS, LEO S. MACKAY, JR., ZEIN
ABDALLA, FRANCISCO D'SOUZA,
KAREN MCLOUGHLIN, RAJEEV MEHTA,
GORDON J. COBURN, STEVEN
SCHWARTZ, RAMAKRISHNAN
CHANDRASEKARAN, JOHN E. KLEIN,
JONATHAN CHADWICK, THOMAS M.
WENDEL, LAKSHMI NARAYANAN, and
ROBERT E. WEISSMAN,
Defendants,
-and-
COGNIZANT TECHNOLOGY SOLUTIONS
CORPORATION, a
Delaware Corporation,
Nominal Defendant.
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Case No. 2:21-cv-12025-EP-SDA
SUMMARY NOTICE OF PENDENCY
AND PROPOSED SETTLEMENT OF
STOCKHOLDER DERIVATIVE ACTION
EXHIBIT B-2
TO: ALL OWNERS OF THE COMMON STOCK OF COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION ("COGNIZANT" OR THE "COMPANY") CURRENTLY AND AS OF NOVEMBER 25, 2025:
THIS NOTICE RELATES TO THE PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER DERIVATIVE LITIGATION. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. IF YOU ARE A COGNIZANT STOCKHOLDER, THIS NOTICE CONTAINS IMPORTANT INFORMATION ABOUT YOUR RIGHTS.
THIS DERIVATIVE ACTION IS NOT A "CLASS ACTION." THUS, THERE IS NO COMMON FUND UPON WHICH YOU CAN MAKE A CLAIM FOR MONETARY PAYMENT. IF YOU DO NOT OBJECT TO THE TERMS OF THE PROPOSED SETTLEMENT, THE AMOUNT OF ATTORNEYS' FEES AND EXPENSES, OR THE AMOUNT OF THE SERVICE AWARD DESCRIBED IN THIS NOTICE, YOU ARE NOT OBLIGATED TO TAKE ANY ACTION.
PLEASE TAKE NOTICE that the parties to the above-captioned stockholder derivative action have reached an agreement to settle the derivative claims brought on behalf of and for the benefit of Cognizant.
The terms of the settlement are set forth in a Stipulation and Agreement of Settlement dated November 25, 2025 (the "Stipulation").1 This notice should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation, which has been filed with the U.S. District Court for the District of New Jersey. A link to the text of the Stipulation and the full-length Long-Form Notice of Pendency and Proposed Settlement of Stockholder Derivative Action may be found on the "Investors" page of Cognizant's website at http://investors.cognizant.com.
1 All capitalized terms herein have the same meanings as set forth in the Stipulation.
Under the terms of the Stipulation, as a part of the proposed Settlement, the Defendants shall cause their insurers to pay to Cognizant a sum of $5.5 million (the "Settlement Fund"), minus the court-approved Fee and Expense Amount. Defendants acknowledge that Plaintiff's and Plaintiff's Counsel's demand, litigation, and settlement efforts caused Defendants' insurers to agree to make the cash payment to Cognizant.
In consideration of the substantial benefit conferred upon Cognizant as a direct result of the Settlement and the efforts of Plaintiff and Plaintiff's Counsel in the Derivative Action, Plaintiff's Counsel will request Court approval of an award of attorneys' fees and expenses not to exceed $1,830,000 (or approximately 33% of the Settlement Fund). Plaintiff's Counsel also will apply to the Court for a service award of up to $15,000 to Plaintiff, subject to Court approval, which will be paid from any approved Fee and Expense Amount.
A hearing will be held on SEPTEMBER 14, 2026, at 11:00 a.m. before the Honorable Stacey D. Adams of the United States District Court for the District of New Jersey at the Frank R. Lautenberg Post Office and U.S. Courthouse, 2 Federal Square, Courtroom 9, Newark, New Jersey 07102 (the "Settlement Hearing"), at which the Court will determine whether to approve the Settlement.
Any Current Cognizant Stockholder has a right, but is not required, to appear and to be heard at the Settlement Hearing, providing that he, she, or it is a stockholder of record or beneficial owner of Cognizant common stock and was a stockholder of record or beneficial owner of Cognizant common stock as of November 25, 2025. Any Current Cognizant Stockholder who satisfies this requirement may enter an appearance through counsel of such stockholder's own choosing and at such stockholder's own expense, or may appear on his or her own. However, you shall not be heard at the Settlement Hearing unless, no later than August 31, 2026, you have filed with the Court a written notice of objection containing the following information:
Your name, legal address, and telephone number; The case name and number (Palempalli v. Patsalos-Fox, et al., Case No. 2:21-cv-12025-EP-SDA); Proof of being a Cognizant stockholder currently and as of November 25, 2025; The date(s) you acquired your Cognizant stock; A statement of each objection being made; Notice of whether you intend to appear at the Settlement Hearing (you are not required to appear); and Copies of any papers you intend to submit to the Court, along with the names of any witness(es) you intend to call to testify at the Settlement Hearing and the subject(s) of their testimony. If you wish to object to the proposed Settlement, you must file the written objection described above with the Court on or before August 31, 2026. All written objections and supporting papers must be filed with the Clerk of the Court, U.S. District Court for the District of New Jersey, at the Martin Luther King Building and U.S. Courthouse, 50 Walnut Street, Newark, N.J. 07101, and served by that date on each of the following Settling Parties' counsel:
Counsel for Plaintiff:
Stephen J. Oddo
ROBBINS LLP
5060 Shoreham Place, Suite 300
San Diego, CA 92122
Counsel for Defendants:
Daniel Roeser
Charles A. Brown
GOODWIN PROCTER LLP
The New York Times Building
620 Eighth Avenue
New York, NY 10018
James Holsey Keale
TANENBAUM KEALE LLP
Three Gateway Center, Suite 1301
100 Mulberry Street
Newark, New Jersey 07102
Nina Yadava
Sarah D. Efronson
JONES DAY
250 Vesey Street
New York, New York 10281
Andrew J. Ehrlich
Alison R. Benedon
PAUL, WEISS, RIFKIND, WHARTON &
GARRISON LLP
1285 Avenue of the Americas
New York, New York 10019
YOUR WRITTEN OBJECTIONS MUST BE POSTMARKED OR ON FILE WITH THE CLERK OF THE COURT NO LATER THAN AUGUST 31, 2026.
Only stockholders who have filed and delivered valid and timely written notices of objection will be entitled to be heard at the Settlement Hearing unless the Court orders otherwise. If you fail to object in the manner and within the time prescribed above, you shall be deemed to have waived your right to object (including the right to appeal) and shall forever be barred, in this proceeding or in any other proceeding, from raising such objection(s).
Inquiries may be made to Plaintiff's Counsel: Robbins LLP, 5060 Shoreham Place, Suite 300, San Diego, California 92122, telephone: (619) 525-3990.
PLEASE DO NOT CONTACT THE COURT
OR DEFENDANTS REGARDING THIS NOTICE
DATED: June 29, 2026
BY ORDER OF THE COURT
U.S. DISTRICT COURT OF NEW JERSEY
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Key Takeaways Cognizant plans 5,000 Frontier-certified engineers and 10,000 business operators by the end of 2026. CTSH expects second-quarter 2026 revenues of $5.45-$5.52 billion, up 3.8%-5.3% year over year. Cognizant faces softer demand, stiff competition and margin pressure despite its expanding AI portfolio. Cognizant Technology Solutions (CTSH - Free Report) is accelerating its enterprise artificial intelligence (AI) strategy by scaling its AI talent base to 5,000 Frontier-certified engineers and 10,000 Frontier business operators by the end of 2026. The initiative is designed to help enterprises move AI projects from pilots to production by combining advanced AI engineering capabilities with business process expertise.
The Frontier workforce will support AI deployments across multiple enterprise platforms, including Microsoft (MSFT - Free Report) , Alphabet’s (GOOGL - Free Report) cloud computing platform Google Cloud, AWS, NVIDIA (NVDA - Free Report) , Salesforce and ServiceNow. The program aligns with Cognizant's AI Builder strategy, enabling customers to implement, govern and scale AI solutions while maintaining security, compliance and operational oversight. The first deployment-ready cohort is expected to begin supporting clients in the fourth quarter of 2026.
The initiative complements Cognizant's broader AI transformation strategy, which includes Project Leap, Skillspring and more than 5,000 AI client engagements. CTSH is increasingly shifting toward outcome-based AI services, interdisciplinary AI teams and enterprise-scale AI implementation, positioning the company to capture rising demand for production-ready AI solutions.
Cognizant Broadens Enterprise AI EcosystemCognizant's expanding partner ecosystem complements its Frontier workforce initiative by providing the platforms, infrastructure and tools needed to move enterprise AI projects from pilot stages to large-scale production deployments.
CTSH is leveraging its collaboration with Microsoft to help enterprises deploy Microsoft Copilot, Azure AI and GitHub Copilot solutions at scale. The Frontier workforce is expected to accelerate adoption of these technologies by enabling customers to implement AI across business functions and software engineering workflows, strengthening CTSH's position in enterprise AI services.
CTSH is also benefiting from its partnership with NVIDIA, which provides the AI infrastructure underpinning the company's AI Factory platform. NVIDIA's advanced computing capabilities, together with Cognizant's growing Frontier workforce, are expected to support enterprise customers in building, deploying and scaling generative AI applications.
CTSH is expanding its collaboration with Alphabet's Google Cloud to accelerate enterprise adoption of Google Gemini Enterprise solutions. The Frontier workforce will support customers in deploying Alphabet's Google-powered AI applications at scale, helping organizations transition AI initiatives from pilot projects to enterprise-wide production while expanding CTSH's opportunities in AI consulting and implementation services.
CTSH Initiates Strong Q2 GuidanceCognizant's expanding AI governance portfolio, growing AI engagements and strengthening partner ecosystem are expected to benefit the company’s top-line growth.
For the second quarter of 2026, Cognizant expects revenues to be in the range of $5.45-$5.52 billion, implying year-over-year growth of 3.8%-5.3%.
The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $5.49 billion, indicating year-over-year growth of 4.59%.
The consensus mark for earnings is pegged at $1.38 per share, unchanged over the past 60 days. The figure implies a year-over-year increase of 5.34%.
Cognizant Struggles Despite Expanding AI PortfolioDespite an expanding AI portfolio and a strong partner base, Cognizant’s shares have plunged 47.7% in the year-to-date period against the broader Zacks Computer & Technology sector's return of 16.9%.
The company is facing softer discretionary spending, trade and policy uncertainty, and continued caution in parts of Products & Resources and Health Sciences. Stiff competition across IT services, with peers competing on price, delivery scale and AI credentials, remains a headwind.
Cognizant is also experinecing margin pressure and rising costs, as reflected in an 80-basis-point year-over-year decline in its first-quarter 2026 gross margin. The decline was due to the impact of integrated offerings and higher compensation costs.
What Should Investors Do With CTSH Stock?Cognizant’s expanding client base and robust AI-driven solutions continue to support its growth prospects and drive top-line growth.
However, the company is facing macroeconomic uncertainty, softening discretionary demand and stiff competition, which are expected to hurt CTSH’s performance.
Cognizant currently carries a Zacks Rank #3 (Hold), suggesting that investors may want to wait for a more favorable entry point in the stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A sharp rotation trade has taken over markets to start the second half of 2026, with investors dumping the year’s biggest winners and piling into beaten-down names.
Bespoke Investment Group’s Thursday update titled "Selling Winners, Buying Losers" highlights the strong rotation that has taken hold in July.
INTC stock is up today. See the real-time price action here. Technology — the clear leader through the first half — has stumbled out of the gate in July, falling 4.8% in the first five trading sessions, making it the worst-performing sector.
In contrast, Energy has surged 4.7%, leading a group of cyclical and defensive sectors including financials, healthcare and consumer staples that are all posting July gains.
The shift reflects a classic "sell the rips, buy the dips" dynamic, driven less by fundamentals and more by positioning and rebalancing flows, according to Bespoke’s analysis.
At the stock level, the reversal has been even more dramatic. The 22 S&P 500 companies that more than doubled in the first half are down an average of 16.3% so far in July, with 20 of the 22 trading lower.
The six biggest winners — each up more than 250% earlier this year — have dropped an average of 18.3%, according to Bespoke.
Buying LosersMeanwhile, laggards are catching a bid. Of the 29 S&P 500 stocks that fell more than 20% in the first half, 26 are higher this month, posting an average gain of 5.3%.
Among the most notable rebounds, Accenture Plc (NYSE:ACN) has jumped 10.2%, leading the bounce among previously beaten-down names.
Lululemon athletica (NASDAQ:LULU) is the lone notable decliner among prior laggards, slipping just 0.5%.
The Bottom LineThe scale and speed of the reversal point to institutional rebalancing as a key driver, according to Bespoke. After a highly concentrated rally led by a narrow group of winners, funds and ETFs appear to be reducing exposure to extended names and rotating into underperformers.
Investors will have to decide whether this is a temporary, flow-driven reset or the early stages of a broader shift away from tech and momentum and toward value and cyclicals.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
Company recognized for employee satisfaction, financial performance and sustainability transparency
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has been named to TIME's list of America's Best Companies 2026 in the ranking's inaugural edition. This prestigious recognition by TIME and Statista Inc. identifies 1,000 top-performing U.S. companies that set the standard for responsible, future-ready business.
TIME and Statista evaluated America's Best Companies 2026 across three dimensions: employee satisfaction, financial performance and sustainability transparency. Employee satisfaction was based on approximately 217,000 employee surveys assessing workplace culture, pay, conditions and employer reputation. Financial performance analyzed revenue growth, profitability and asset performance using multi-year financial data. Sustainability transparency evaluated environmental impact, social responsibility and governance practices.
"At Cognizant, our ability to lead as an AI builder starts with our people," said Kathy Diaz, Chief People Officer, Cognizant. "This recognition from TIME reflects the priority we've made on equipping our workforce for the future—opening up new ways to learn, grow and innovate. We are building on our deep culture of continuous learning where curiosity is the norm, and where every associate has the chance to shape what comes next. When our people thrive, our clients and communities do, too."
This achievement adds to a growing list of recent honors for Cognizant, including being named to TIME's World's Best Companies list, Ethisphere's World's Most Ethical Companies list and has been certified as a Great Place to Work® in 31 countries. Cognizant was also named one of Newsweek's America's Greatest Workplaces for Entry Level 2026 and is hiring more than 1,000 entry-level associates across North America by the end of 2026. Together, these honors reflect the foundation that makes Cognizant an effective AI builder for clients: a people-first culture, strong financial performance and a commitment to responsible business.
Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, business-relevant data and various market and consumer studies and surveys.
To view the full America's Best Companies 2026 list, visit TIME's website.
About Cognizant
Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Cognizant's Frontier workforce model to create the human infrastructure that turns AI investment into enterprise outcomes Backed by decades of running technology and operations at enterprise scale, Cognizant's human capital operating model embeds outcome-owning Frontier talent inside client operations Cognizant Frontier talent operates across any cloud, any model to help close the gap between AI capability and enterprise results , /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI Builder and technology services provider, today announced it was committing to scaling its Frontier-certified workforce, the human and operational infrastructure enterprises need to convert AI capability into measurable business results, to 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators.
Cognizant's people investment will yield its first cohort, which will be both Frontier-assessed and deployment-ready, by fourth quarter, 2026. Cognizant also plans to augment its own Frontier talent pipeline through annual direct hires of Frontier-native talent from American and global universities.
This human capital investment is focused on solving an urgent problem facing enterprises today: most organizations have spent more on AI than on any technology in a generation, and most have little to show for it. Cognizant measures the gap between what AI can deliver and what enterprises actually realize at $4.5 trillion. That gap is not a compute problem. It is a people and process problem, and it will not be closed by provisioning more infrastructure. The required investment is skilling and deploying more Frontier-ready talent into client-oriented delivery to help clients realize a return on their technology investment.
"Closing the AI outcome gap demands talent who not only understands a client's industry deeply but can also reimagine the way work is structured and take end-to-end responsibility for delivering results in collaboration with clients, on any model or cloud the client selects," said Cognizant CEO Ravi Kumar S. "That is what a Frontier workforce does. By taking accountability for outcomes rather than stopping at technology deployment, we can help clients accelerate measurable results while managing risk. Cognizant's industry context and experience position us uniquely to unlock the value that has remained out of reach during this shift toward outcome-based delivery and a new chapter in human capital."
Cognizant's Frontier workforce is model- and cloud-agnostic by design. Its teams build an organization's unique context into whatever stack the client has already chosen, across a partnership footprint that spans Anthropic, OpenAI, Microsoft, Google, AWS, NVIDIA, Salesforce, and ServiceNow. The result is durable capability designed for enterprise ownership and portability across environments, otherwise known as solutions that are geared towards the problems being experienced by our client, not the closest thing a proprietary platform can accomplish.
"AI has exposed 93% of jobs to change, and the associated labor value remains untapped because the workforce architecture built for a pre-AI world cannot capture it. So we rebuilt the architecture for the world we are in now," said Cognizant Chief People Officer, Kathy Diaz. "Industry domain depth is a core strength of Cognizant, and we bring enterprise-scale experience across technology, processes and operations. We know how to take these powerful frontier tools and turn them into real business value, and we are training our workforce to do it at scale."
Cognizant Chief Learning Officer, Thiru Arohi said: "We are developing a new professional identity for the AI era. We are investing in the infrastructure behind this identity: the Academy, the assessment architecture, the certification pathway, and the talent pipeline from campus to senior practitioner. What we are scaling is not headcount, but a workforce capable of closing the outcome gap that no model, platform, or deployment engineer can close alone."
This Frontier model is anchored in six principles: interdisciplinary capability; a direct linkage to customer value; building, deploying, or working alongside agents as routine; end-to-end accountability; delivery through a small operational pod; and a single, unified Cognizant experience for the client. The workforce will be organized as a single premium job family of seven roles across two complementary tracks, Frontier Certified Engineers and Frontier Business Operators:
Frontier Certified Engineers: Frontier Certified Engineers architect and build agentic systems, engineer the retrieval and context layers that keep those systems grounded in domain reality, and orchestrate multi-agent pipelines into live production, remaining accountable for every system they deploy, including ongoing monitoring, tuning and improvement cycles that follow go-live. They are where industry domain expertise, full-stack AI engineering and production accountability converge in a single practitioner. They enter a client environment already fluent in its regulatory constraints, operational failure modes and business logic, and use that fluency to determine not just what AI can do, but what it should do, and how it must be governed to be trusted in alignment with client requirements. Frontier Business Operators: Frontier Business Operators are responsible for delivering operational outcomes in collaboration with client stakeholders in environments where the workforce is simultaneously human and digital, managing agent fleets and human teams against a committed outcome, in real time, with no separation between the two. Their edge is not technical configuration; it is the judgment that comes from having run the operations floors, claims pipelines, and service workflows that AI agents are now being asked to take on. They know how to feed every exception and override back into agent calibration, so the system is continuously refined to improve reliability over time. What sets these roles apart from being forward deployed engineers is permanence, accountability and something that cannot be trained overnight: Cognizant's deep industry domain expertise and the hard-won experience of an AI builder running enterprise operations at scale. The model is already live — a two-person Engineer-and-Operator pod recently reimagined a large food service company's account-management workflow into seventeen production AI agents, reclaiming roughly eleven hours per account manager each week while cutting handoff cycles by about 60 percent and nearly tripling their revenue per engagement.
Underpinning the commitment is a model built to scale and to reach the client. Cognizant stands up local capacity inside client clusters so certified pods deploy close to the work they own, while its global capability centers supply the talent base behind them. The elevation funnel narrows at each stage: from a broad base of AI-fluency skilling across hundreds of thousands of associates, through structured AI-Bridge programs to 40,000 in Frontier certification, credentialed directly by the frontier-model companies, including GitHub Copilot, Google Gemini, Anthropic's Claude, and OpenAI's Codex. Today's announced investment will expand Cognizant's SkillSpring™ capacity, deliver AI-fluency and responsible-AI training across the workforce, and fund embedded client engagements worldwide.
For enterprises, the payoff is measured where it matters most: AI investment converted into business results, delivering value from the technology stack they already run, with accountability through an AI builder firm that lasts well beyond go-live. In committing to the people who deliver those outcomes, Cognizant is making a strategic bet that the defining edge of the AI era will be human and operational, and positioning its clients to pursue the financial return from their technology investment which has eluded them. That is the future of AI: not just capability, but outcomes that endure.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
Key Takeaways Cognizant is broadening its AI capabilities by integrating Gemini Enterprise with Google Workspace. CTSH expects Q2 2026 revenues of $5.45-$5.52B, implying year-over-year growth of 3.8%-5.3%. CTSH faces softer discretionary spending, stiff IT services competition and margin pressure. Cognizant Technology Solutions (CTSH - Free Report) is strengthening its enterprise artificial intelligence (AI) portfolio by expanding its partnership with Alphabet’s (GOOGL - Free Report) cloud computing platform, Google Cloud. Through the collaboration, Cognizant is integrating Gemini Enterprise with Google Workspace into its consulting, implementation, and managed services offerings, enabling enterprises to accelerate generative AI adoption while improving workforce productivity and accelerating enterprise AI transformation.
The collaboration also enhances Cognizant's internal AI capabilities. The company plans to deploy Gemini Enterprise across more than 200,000 employees while training its workforce on Google Cloud's AI technologies to improve software engineering productivity and accelerate AI solution delivery.
Cognizant aims to strengthen its AI Builder strategy while enhancing its ability to execute large-scale enterprise AI transformation projects by first deploying these capabilities internally before rolling them out to customers. The expanded Google Cloud partnership is part of Cognizant's broader strategy to expand its enterprise AI ecosystem, reinforcing its capabilities across AI development, deployment and security.
Cognizant Deepens Enterprise AI PartnershipsCognizant continues to expand its enterprise AI ecosystem through strategic partnerships with Google Cloud, CrowdStrike (CRWD - Free Report) and Snowflake (SNOW - Free Report) , strengthening its capabilities in generative AI, intelligent agents, AI-powered cybersecurity and enterprise AI deployment.
Cognizant announced a broader collaboration with Snowflake to help enterprises operationalize AI at scale. As a launch partner for Snowflake Cortex-powered Intelligent Agents, Cognizant will help customers deploy AI agents that automate complex business workflows while leveraging governed enterprise data, enabling organizations to move AI applications from pilot projects to production faster.
Cognizant expanded its strategic alliance with CrowdStrike to help enterprises secure AI throughout its lifecycle. Cognizant will integrate the CrowdStrike Falcon platform into its AI Factory and Managed Cybersecurity Services, enabling organizations to securely deploy, govern and manage AI agents, models and infrastructure across enterprise environments.
CTSH Offers Strong Q2 GuidanceCognizant's expanding AI portfolio, growing enterprise AI engagements, and strengthening partner ecosystem are expected to support the company's top-line growth.
For the second quarter of 2026, Cognizant expects revenues to be in the range of $5.45-$5.52 billion, implying year-over-year growth of 3.8%-5.3%.
The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $5.49 billion, indicating year-over-year growth of 4.59%.
The consensus mark for earnings is pegged at $1.38 per share, unchanged over the past 30 days. The figure implies a year-over-year increase of 5.34%.
Cognizant Struggles Despite Expanding AI PortfolioDespite an expanding AI portfolio and a strong partner base, Cognizant’s shares have plunged 47% in the year-to-date period against the broader Zacks Computer & Technology sector's return of 16.6%.
The company is facing softer discretionary spending, trade and policy uncertainty, and continued caution in parts of Products & Resources and Health Sciences. Stiff competition across the IT services industry, particularly in AI-enabled digital transformation, remains a key headwind.
Cognizant is also facing margin pressure and rising costs, as reflected in an 80-basis-point year-over-year decline in its first-quarter 2026 gross margin. The decline was due to the impact of integrated offerings and higher compensation costs.
ConclusionCognizant's expanding AI ecosystem and growing enterprise partnerships continue to strengthen its long-term growth prospects and support top-line expansion. However, challenging macroeconomic conditions, soft discretionary spending and stiff competition are expected to weigh on CTSH's near-term performance.
Cognizant currently carries a Zacks Rank #3 (Hold), You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Marek Kameništiak
Fio banka, a.s.
Prohlášení
Collaboration pairs Cognizant's Frontier Certified Engineers, who deploy and scale AI in client environments, with a rollout of Gemini Enterprise and Google Workspace across Cognizant
, /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced a significant expansion of its partnership with Google Cloud, broadening how the companies bring Gemini Enterprise to clients and deepening Cognizant's own internal use of the technology.
Through the expanded collaboration, which builds on the dedicated Gemini Enterprise practice announced in April, Cognizant and Google Cloud are bringing together jointly delivered solutions, a portfolio of reusable agents and certified Cognizant Frontier Certified Engineers who work directly within client environments to accelerate time to value on Gemini deployments. The work focuses on helping clients realize the value of their investments across the Google Cloud AI portfolio, including Gemini Enterprise, Gemini Enterprise for Customer Experience and Gemini Enterprise Agent Platform.
Central to the expanded partnership is Cognizant's Frontier Certified Engineer delivery model. Frontier Certified Engineers pair deep technology fluency with industry and operational context to audit existing workflows, run evaluations on agents and deploy them into production. The approach underlines Cognizant's AI Builder strategy to help clients close the gap between what AI can do and the value enterprises put into production.
"This partnership reflects exactly what our AI Builder strategy is built to do," said Ravi Kumar S, CEO, Cognizant. "Our Frontier Certified Engineers work directly alongside Google Cloud's teams, solving real problems in production. We have built this capability, proven it inside our own business, and are now bringing it to joint clients at scale."
To build proven, scalable delivery models for its clients, Cognizant is adopting Google Cloud technologies internally, deploying Gemini Enterprise and Google Workspace across its global organization. Internal use cases span software engineering, delivery operations, agentic workforce solutions and customer support.
In software engineering, global teams are using Antigravity 2.0 and Gemini Enterprise capabilities for code explanation, automated test generation and legacy application modernization, helping accelerate software development velocity by up to 30 percent in internal Cognizant benchmarks. In delivery, associates from project managers to delivery professionals use Gemini Enterprise to streamline processes, track milestones and automate documentation. Across prioritized functions, Cognizant is deploying role-based agents that can automate up to 60 to 70 percent of manual effort within targeted workflows, and its own engineers are using Gemini Enterprise to transform internal support experiences.
Cognizant aims to deploy Gemini Enterprise to 100,000 associates this year, with plans to scale to 200,000, and is certifying a minimum of 10,000 Cognizant professionals on the platform.
Client work is already showing results: A leading US communications and entertainment provider modernized its contact center operations with Cognizant and Gemini Enterprise for Customer Experience, lifting its first-contact resolution rate by 17 percent, as measured against pre-deployment baselines, and resolving nearly one-third of appointment requests through AI-powered automation. Gemini-powered AI agents were deployed in three months, with more than 500 AI model optimizations in the first year.
"Cognizant is leading by example by integrating Gemini Enterprise and Google Workspace across its own global workforce," said Karthik Narain, Chief Product and Business Officer, Google Cloud. "This deep, first-hand experience uniquely positions Cognizant to help our joint customers scale agentic AI solutions and accelerate time-to-value."
As part of the expanded partnership, Cognizant and Google Cloud are also taking a portfolio of core offerings jointly to market, designed to move enterprises from AI experimentation to measurable business outcomes. The joint go-to-market strategy focuses on high-impact sectors including retail and consumer goods, healthcare and life sciences, communications, media and technology, and financial services.
The offerings include a Frontier Certified Engineer delivery model that places senior engineering talent alongside Google Cloud teams; an agentic employee platform that deploys AI agents into specific enterprise roles to compress deployment timelines from quarters to weeks; contact center solutions powered by Gemini Enterprise for Customer Experience; and rapid agent development through Cognizant's Agent Foundry, which has built more than 2,000 agents to date, to shorten multi-month development cycles into two-week sprints. The companies plan to deepen the collaboration across additional industries and solution areas in the coming months.
To learn more about this partnership, visit Cognizant's Google Cloud partner page.
About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant.
