2 publishers · first seen Thu, 29 Oct 2026 16:21 UTC · updated Thu, 29 Oct 2026 19:19 UTC
Cognizant reported third-quarter 2026 revenue of $5.6 billion, a 4.6% increase from the previous year, driven by double-digit growth in financial services and a 10.5% rise in communications, media and technology. The company revised its full-year 2026 revenue growth guidance to 4% to 4.4% in constant currency terms, down from earlier projections, citing macroeconomic pressures affecting discretionary spending. CEO Ravi Kumar S noted that over 50% of the company’s code is AI-assisted, with employees earning over 95,000 frontier AI badges.
Adjusted operating margin rose 30 basis points to 16.3%, marking seven consecutive quarters of year-on-year expansion, while reported operating margin declined to 15.4%. Bookings over the 12 months ending September 2026 increased 4% to $28.7 billion, with three new deals each valued at $100 million or more. The company had 359,900 employees at the end of September, up 10,100 from a year earlier.
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