Cognizant Technology Solutions: Solid  Investment in AI and Automation Technologies

In evaluating Cognizant Technology Solutions’ performance for the second quarter of 2024, several important
factors come to the forefront, presenting a mixed picture of the company’s financial health and operational
execution. The company, driven by strategic acquisitions and improved operational efficiency, posted better-thanexpected revenue and margin figures, but has notably seen year-over-year revenue decline and continuous
pressure in certain industry sectors. Positively, Cognizant’s revenue in Q2 amounted to $4.85 billion, surpassing the high end of their guidance range and marking a 2.1% sequential growth in constant currency, the highest since 2022.