Description

Cognizant Technology Solutions’ 8,000 AI Engagements: Can Growth Accelerate?

Cognizant Technology Solutions reported a second quarter marked by steady revenue growth, margin expansion, and ongoing strategic investments reflecting its AI-driven transformation. Revenue rose 4.1% year-over-year in constant currency to $5.5 billion, with organic growth coming in at the high end of expectations, predominantly driven by robust activity in North America. The Financial Services segment exhibited particularly strong momentum, growing nearly 12% year-over-year in constant currency and leading the company’s bookings, which increased 5% over the trailing twelve months. The company signed seven large deals valued over $100 million each, including three new logos, signaling durable demand despite macroeconomic uncertainties. The company emphasized its transition to an AI builder model, spotlighting advances in AI-assisted software development, with over 40% of software development now AI-assisted and more than 8,000 AI engagements underway.