Cognizant Q2 Revenue Rises 4.5% to $5.48B, Raises Full-Year EPS Guidance
CTSH sits 33% above its 52-week low of $37.08.
Summary
Cognizant reported Q2 revenue of $5.48 billion, up 4.5% year-over-year, with adjusted EPS of $1.37. The company raised its full-year adjusted EPS guidance to $5.70–$5.82, signaling confidence in margin improvement and the impact of its restructuring and AI initiatives. This follows a series of strategic moves including a $1 billion share buyback expansion, a $500 million accelerated share repurchase, and expanded AI partnerships with Google Cloud, Snowflake, and ServiceNow. The raised guidance and solid revenue growth suggest the restructuring and AI pivot are gaining traction, though net income dipped slightly due to ongoing transformation costs. Next quarter revenue is guided to $5.60–$5.68 billion, in line with estimates.
At the time of this announcement, CTSH was trading at $49.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $23.8B. The 52-week trading range was $37.08 to $87.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.