CTSH · 10-Q · 2026Q3 · Full report
Strategic Initiatives
COGNIZANT TECHNOLOGY SOLUTIONS CORP · 2026-10-29 · Importance 52 · Surprise 42 · In source text
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 incurred $135 million of total program costs through the third quarter, including $51 million in that quarter, and now expects total costs of $180 million to $250 million. It expects $140 million to $160 million of costs in 2026, with the remainder through the first quarter of 2027, and approximately $200 million in in-year savings in 2026, primarily to fund these investments.
Key facts
- Project Leap is expected to generate approximately $200 million of in-year savings in 2026, primarily to fund investments. source
- Cognizant initiated Project Leap in the second quarter of 2026 to fund investments in integrated offerings, AI capabilities and partnerships, reshape productivity through competitive offerings, and upskill its workforce. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +3.0% | Project Leap is expected to generate approximately $200 million of in-year savings in 2026, primarily to fund investments. |