Global Finance News
30 Apr 2026, 17:39
Cognizant reported solid first-quarter 2026 results, supported by steady revenue growth and strong deal activity.
Revenue increased 5.8% year-over-year to $5.4 billion (3.9% in constant currency), landing in the upper half of guidance. Bookings were a key highlight, rising 21% in the quarter with seven large deals signed, pushing trailing 12-month bookings up 11% to $29.6 billion.
Profitability showed mixed trends. GAAP operating margin declined 110 basis points to 15.6%, while adjusted operating margin improved slightly by 10 basis points. GAAP EPS rose 3.7% to $1.39, and adjusted EPS increased 13.8% to $1.40, reflecting cost discipline and operational improvements.
Looking ahead, Cognizant maintained its 2026 constant currency revenue growth outlook of 4.0% to 6.5% and raised its adjusted operating margin guidance to 16.0%–16.2%, signaling confidence in margin expansion.
Source: Company press release
Revenue increased 5.8% year-over-year to $5.4 billion (3.9% in constant currency), landing in the upper half of guidance. Bookings were a key highlight, rising 21% in the quarter with seven large deals signed, pushing trailing 12-month bookings up 11% to $29.6 billion.
Profitability showed mixed trends. GAAP operating margin declined 110 basis points to 15.6%, while adjusted operating margin improved slightly by 10 basis points. GAAP EPS rose 3.7% to $1.39, and adjusted EPS increased 13.8% to $1.40, reflecting cost discipline and operational improvements.
Looking ahead, Cognizant maintained its 2026 constant currency revenue growth outlook of 4.0% to 6.5% and raised its adjusted operating margin guidance to 16.0%–16.2%, signaling confidence in margin expansion.
Source: Company press release