CTSH · Technology

COGNIZANT TECHNOLOGY SOLUTIONS CORP

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-11

• Claude AI Services ExpansionImportance 34 · Surprise 42
  Cognizant formed the Claude Frontier Capability Group, bringing more than 25,000 professionals into a dedicated global organization to deliver Claude for clients. The group is intended to help enterprises move AI from…

News · 2026-11-10

• Claude AI Services ExpansionImportance 34 · Surprise 42
  Cognizant formed the Claude Frontier Capability Group, bringing more than 25,000 professionals into a dedicated global organization to deliver Claude for clients. The group is intended to help enterprises move AI from…

News · 2026-11-06

• Acquisition / Partnership / DivestitureImportance 38 · Surprise 60
  On November 6, 2026, Cognizant completed its acquisition of Wizeline, an AI-native digital engineering and product development services firm serving enterprise clients. Wizeline adds capabilities in digital product…

News · 2026-10-30

• Operating Margin DriversImportance 41 · Surprise 32
  Third-quarter 2026 operating margin was 15.4%, down 60 basis points year over year. Adjusted operating margin was 16.3%, up 30 basis points year over year and described in reporting as the highest in four years.…
• AI Product ExpansionImportance 31 · Surprise 42
  Cognizant formed an OpenAI Frontier Capability Group with more than 25,000 professionals aligned to deliver OpenAI products, including Codex and ChatGPT, to clients. The group is focused on helping enterprises use…

10-Q · 2026-10-29

• Restructuring ChargesImportance 52 · Surprise 42
  Cognizant incurred $51 million of Project Leap employee separation and other costs in Q3 2026 and $135 million cumulatively since the program began. The company revised expected total program costs to $180 million–$250…
• Strategic InitiativesImportance 52 · Surprise 42
  In the second quarter of 2026, Cognizant initiated Project Leap to fund investments in integrated offerings, AI capabilities and partnerships, reshape productivity, and optimize its technology footprint. The company…
• U.S. Tax Law ChangesImportance 49 · Surprise 60
  The U.S. One Big Beautiful Bill Act (OBBBA) was enacted in July 2025 and repealed the requirement to capitalize U.S. research and experimental costs. Cognizant concluded it was not more likely than not to realize a…
• Share Repurchase ProgramImportance 44 · Surprise 24
  During 2026, Cognizant repurchased $1.838 billion of Class A common stock under its stock repurchase program. The repurchases consisted of $1.338 billion in open-market purchases and $500 million through accelerated…
• Income Tax Rate ChangesImportance 42 · Surprise 42
  The effective tax rate declined year over year in Q3 2026 because Q3 2025 included a one-time, non-cash $390 million tax expense related to the OBBBA. That 2025 charge reduced Q3 2025 GAAP diluted EPS by $0.80 and was…
• Revenue Performance and MixImportance 37 · Surprise 32
  Q3 2026 revenue was $5.664 billion, up $249 million, or 4.6% year over year and 4.8% in constant currency. Recently completed acquisitions contributed 210 basis points of year-over-year growth, and third-party product…
• Segment Revenue PerformanceImportance 36 · Surprise 40
  In Q3 2026, Financial Services revenue grew 12.0% reported and 12.3% in constant currency, while CMT grew 10.5% and 10.7%, respectively. Health Sciences revenue declined 1.1% reported and 0.9% constant currency;…
• AI Investment OutlookImportance 34 · Surprise 42
  Cognizant says clients are focused on transformation into AI-ready, technology-driven and data-enabled businesses and may increasingly seek services that deliver productivity and cost savings. The company increasingly…
• India-Mauritius Tax TreatyImportance 34 · Surprise 42
  India and Mauritius signed a protocol amending the India-Mauritius Income Tax Treaty in March 2024. The amendment entered into force in August 2026 and was announced by the Indian government in October 2026. Cognizant…
• India Labor Law ChangesImportance 32 · Surprise 42
  India’s labor law reforms, including the Code on Social Security, 2020, took effect on November 21, 2025. The government published The Social Security Rules in May 2026 and notified the Employees Provident Fund Scheme…
• FX / Currency ImpactImportance 31 · Surprise 32
  Indian rupee-denominated costs represented approximately 22% of Cognizant’s global operating costs in the third quarter of 2026, exposing results to exchange-rate movements. Net of designated cash-flow hedges, rupee…
• Operating Margin DriversImportance 29 · Surprise 32
  Q3 2026 GAAP operating margin fell 60 basis points year over year to 15.4%, while adjusted operating margin increased 30 basis points to 16.3%. Project Leap savings, net of AI capability investments, and favorable…
• Geographic Revenue PerformanceImportance 25 · Surprise 32
  In the third quarter, revenue increased 5.8% in North America and 6.2% in the United Kingdom, while Continental Europe declined 1.5% on a constant-currency basis; Europe overall grew 2.2%. North America growth included…
• Operating Expense TrendsImportance 24 · Surprise 14
  Q3 2026 cost of revenues increased $170 million year over year, and its share of revenue rose 0.1 percentage point to 66.2%, primarily from third-party product sales and higher compensation costs, partly offset by…
• End-Market Demand TrendsImportance 14 · Surprise 6
  Third-quarter revenue growth was led by banking clients in Financial Services and technology clients in CMT, while communications and media customers in CMT, healthcare customers in Health Sciences, and retail,…
• Liquidity and Cash PositionImportance 13 · Surprise 6
  Cognizant monitors domestic and international cash flows and balances and assesses how much non-U.S. cash, cash equivalents, and short-term investments is needed locally versus available for repatriation to the United…

Earnings call · 2026-10-29

• Revenue Guidance and OutlookImportance 78 · Surprise 84
  Cognizant expects fourth-quarter revenue growth of 3.2% to 4.7% year over year in constant currency, including approximately 200 basis points from recently completed acquisitions. Full-year constant-currency revenue…
• Restructuring and HeadcountImportance 67 · Surprise 66
  Cognizant revised expected Project Leap costs to $180 million to $250 million, down from $230 million to $320 million, primarily because employee severance and other personnel costs are lower. Approximately $160…
• Capital Return ProgramImportance 61 · Surprise 32
  Cognizant repurchased 4.9 million shares in the third quarter for more than $250 million, at an average price of approximately $53 per share. Year to date, it returned $2.3 billion to shareholders through share…
• Free Cash Flow and LiquidityImportance 53 · Surprise 6
  Third-quarter free cash flow was $925 million, bringing year-to-date free cash flow to $1.6 billion. Cognizant ended the quarter with $1.6 billion in cash and short-term investments. Full-year free cash flow conversion…
• Guidance / OutlookImportance 41 · Surprise 32
  Management said it is confident about remaining in the industry’s winner circle in 2027. It expects gross and operating margin expansion and projected full-year margin expansion, following seven consecutive quarters of…
• Revenue Performance and MixImportance 37 · Surprise 32
  Third-quarter 2026 revenue grew 4.8% year over year in constant currency to $5.7 billion, with growth benefiting from 3Cloud and Astreya and higher third-party product revenue. Financial Services grew 12% in constant…
• Geographic Market CommentaryImportance 36 · Surprise 40
  North America led growth, and the U.K. benefited from public-sector strength; Rest of World improved sequentially. Financial Services grew 12% year-over-year in constant currency for a third consecutive quarter of…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  Cognizant announced its intent to acquire Australia-based DyFlex Solutions, an SAP platinum partner, to deepen SAP expertise and support core-platform modernization in Australia and New Zealand. The acquisition was…
• Macroeconomic Factors ImpactImportance 32 · Surprise 24
  Management said macroeconomic conditions were largely stable in Q3 2026, but uncertainty weighed more heavily on discretionary spending in Q4, particularly in health care and consumer-facing sectors. The company…
• Backlog and Book-to-BillImportance 31 · Surprise 32
  Trailing 12-month bookings grew 4%, with book-to-bill of 1.3x, while the mix of new versus expanded business increased to 60%. New and expansion bookings were up 16% year-to-date, and medium-sized deals grew at a…
• AI Product Strategy and LaunchesImportance 31 · Surprise 42
  Cognizant said its AI Builder strategy is intended to help enterprises deploy AI at scale through workflow redesign, enterprise-grade AI engineering, client AI adoption, and governance of institutional intelligence. It…
• India Listing Regulatory FrameworkImportance 31 · Surprise 42
  Cognizant said it was evaluating a potential primary offering and secondary listing in India and was working with stakeholders. Management was monitoring proposed updates to the regulatory framework, which it expected…
• Medicaid and Medicare Regulatory UncertaintyImportance 26 · Surprise 24
  Management said regulatory uncertainty around Medicaid and Medicare enrollment contributed to a softer-than-expected Q4 outlook and constrained health care discretionary spending. The uncertainty affected expected…
• Market Demand TrendsImportance 26 · Surprise 24
  Management said the AI tailwind is beginning to support Cognizant’s business. It expects discretionary spending to unlock, with demand broadening from financial services to other industries. Management described the…
• Operating Margin DriversImportance 25 · Surprise 32
  Third-quarter adjusted operating margin was 16.3%, up 30 basis points year over year excluding approximately $51 million of Project Leap costs. Project Leap savings and favorable currency more than offset higher…
• PERM Application SuspensionImportance 25 · Surprise 42
  Management addressed the Department of Labor’s recently announced suspension of new PERM permanent labor certification applications for some companies, including Cognizant. The company reported approximately 32,000…
• Income Tax Rate ChangesImportance 20 · Surprise 24
  Cognizant set full-year 2026 tax-rate guidance at approximately 25%, compared with its prior range of 25%–26%. Management expected the fourth-quarter tax rate to be modestly above the full-year rate. Higher tax…

8-K · 2026-10-29

• Income Tax Rate ChangesImportance 57 · Surprise 64
  Q3 income tax provision was $237 million, compared with $613 million in Q3 2025, when the company recorded a one-time $390 million non-cash tax expense. The prior-year charge followed the conclusion that a $390 million…
• Guidance / OutlookImportance 53 · Surprise 32
  For full-year 2026, Cognizant expects revenue of $22.05 billion to $22.14 billion, representing 4.5% to 4.9% reported growth and 4.0% to 4.4% constant-currency growth. Adjusted operating margin is expected to be…
• Strategic Cost ReductionImportance 52 · Surprise 42
  Cognizant revised its Project Leap cost estimate to $180 million to $250 million, with $140 million to $160 million expected in 2026 and the remainder through the first quarter of 2027. The costs include $150 million…
• U.S. Tax Law ChangesImportance 46 · Surprise 42
  The One Big Beautiful Bill Act (OBBBA) was enacted in the United States in July 2025 and repealed the requirement to capitalize U.S. research and experimental costs. Cognizant concluded it was not more likely than not…
• Segment Demand TrendsImportance 42 · Surprise 40
  Financial Services revenue grew 12.0% year over year in the third quarter, while Communications, Media and Technology grew 10.5%. Health Sciences and Products and Resources revenue declined 1.1% and 0.9%, respectively.…
• Bookings and Order TrendsImportance 37 · Surprise 32
  Trailing-12-month bookings rose 4% year over year to $28.7 billion, with a book-to-bill ratio of approximately 1.3x. Third-quarter bookings declined 7% year over year and included three large deals, each with total…
• Geographic Market PerformanceImportance 37 · Surprise 32
  North America, Cognizant’s largest listed geography at 75.2% of quarterly revenue, grew 5.7% year over year. The United Kingdom grew 5.8%, while Continental Europe declined 2.6%; Rest of World grew 1.2%. For the first…
• Customer Contract Extensions and WinsImportance 34 · Surprise 42
  Cognizant extended its work with Gilead Sciences for five years, continuing a relationship of more than a decade that includes support for global IT infrastructure, platforms, applications and advanced analytics. It…
• AI Product and Platform LaunchesImportance 34 · Surprise 42
  Cognizant announced general availability of Workflow Agentic Processing and Enterprise Model Context Protocol Servers for its TriZetto Facets and QNXT core administration platforms. The capability enables AI agents to…
• AI and Security PartnershipsImportance 34 · Surprise 42
  Cognizant expanded its Google Cloud partnership by creating a Gemini Frontier Capability Group supported by 18,000 dedicated Cognizant associates. It also expanded its collaboration with CrowdStrike to offer…

News · 2026-10-29

• Revenue Guidance and OutlookImportance 56 · Surprise 68
  Cognizant forecast fourth-quarter 2026 revenue of $5.49 billion to $5.57 billion, below the reported analyst estimate of $5.65 billion. Full-year 2026 revenue guidance was $22.05 billion to $22.14 billion, versus…
• Guidance and OutlookImportance 56 · Surprise 68
  Cognizant forecast fourth-quarter 2026 revenue of $5.49 billion to $5.57 billion, below the $5.65 billion analyst estimate. Full-year 2026 revenue guidance was $22.05 billion to $22.14 billion, versus $22.20 billion…
• Income Tax ExpenseImportance 55 · Surprise 82
  Third-quarter 2026 net income rose to $627 million from $274 million a year earlier, a year-over-year increase of more than 10%. The comparison was largely affected by a one-time, non-cash $390 million income tax…
• Operating Margin DriversImportance 41 · Surprise 32
  Third-quarter 2026 operating margin was 15.4%, down 60 basis points year over year. Adjusted operating margin was 16.3%, up 30 basis points year over year and described in reporting as the highest in four years.…
• Strategic Cost ReductionImportance 40 · Surprise 42
  Cognizant launched Project Leap to streamline operations. The initiative is expected to incur $180 million to $250 million in costs and is targeting $200 million in savings in 2026. The reported cost and savings…
• Business Segment DemandImportance 30 · Surprise 40
  Cognizant reported 12% year-over-year revenue growth in Financial Services in the third quarter. The double-digit growth points to comparatively strong demand from financial services clients, while the digest provides…
• Order Backlog and Book-to-BillImportance 25 · Surprise 32
  Cognizant’s bookings, representing the total value of new contracts, fell 7% year over year in the third quarter. The decline followed a 6% drop in the second quarter, indicating a sequential continuation of weaker new…
• Q3 Revenue Performance and MixImportance 18 · Surprise 14
  Cognizant reported third-quarter 2026 revenue of $5.664 billion, up 4.6% year over year and 4.8% in constant currency. Banking and technology clients and acquisitions drove growth. Financial Services revenue grew 12%…

News · 2026-10-27

• Customer DynamicsImportance 31 · Surprise 42
  The European Bank for Reconstruction and Development selected Cognizant as a strategic partner for a five-year technology transformation framework. The work spans digital and workplace management, cloud infrastructure,…

News · 2026-10-26

• Customer DynamicsImportance 31 · Surprise 42
  The European Bank for Reconstruction and Development selected Cognizant as a strategic partner for a five-year technology transformation framework. The work spans digital and workplace management, cloud infrastructure,…
• AI Product ExpansionImportance 31 · Surprise 42
  Cognizant formed an OpenAI Frontier Capability Group with more than 25,000 professionals aligned to deliver OpenAI products, including Codex and ChatGPT, to clients. The group is focused on helping enterprises use…

News · 2026-10-23

• Acquisitions and PartnershipsImportance 34 · Surprise 42
  Cognizant agreed to acquire DyFlex Solutions, an SAP partner operating in Australia and New Zealand, to expand its AI-led enterprise transformation services for SAP clients. The deal is expected to combine DyFlex’s SAP…