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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tien-Tsin Huang | JPMorgan | 13 (0%) |
| James Faucette | Morgan Stanley | 8 (0%) |
| Jim Schneider | Goldman Sachs | 7 (0%) |
| Surinder Thind | Jefferies | 7 (0%) |
| Bryan Bergin | TD Cowen | 7 (0%) |
| Jonathan Lee | Guggenheim | 6 (0%) |
| Jason Kupferberg | Wells Fargo | 6 (0%) |
| Darrin Peller | Wolfe Research | 6 (0%) |
| Maggie Nolan | William Blair | 6 (0%) |
| Jamie Friedman | Susquehanna | 4 (50%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 13 (0%) |
| Goldman Sachs | 2 | 8 (0%) |
| Morgan Stanley | 1 | 8 (0%) |
| TD Cowen | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.08B | +6.8% | $1.10 | -0.9% | 14.8% | 10.7% | $837M |
| FY2025 Q1 | $5.12B | +7.5% | $1.34 | +21.8% | 16.7% | 13.0% | $323M |
| FY2025 Q2 | $5.25B | +8.1% | $1.31 | +14.9% | 15.6% |
| 7 (0%) |
| Jefferies | 1 | 7 (0%) |
| Wolfe Research | 1 | 6 (0%) |
| Guggenheim | 1 | 6 (0%) |
| Wells Fargo | 1 | 6 (0%) |
Cognizant reported Q1 FY2026 revenue of $5.4 billion, growing 3.9% in constant currency, with adjusted EPS of $1.40 up 14% year-over-year. Bookings growth was the strongest in recent history at 21% year-over-year, and Financial Services surpassed 10% growth. FY2026 EPS guidance was raised to $5.63 to $5.77, and adjusted operating margin guidance was elevated to 16% to 16.2%. Project LEAP was launched to accelerate AI operating model transformation, with nearly 40% of code now AI-assisted across 5,000+ engagements.
Cloud & AI | Demand | Revenue Growth | Margin | Competitive Dynamics | Pricing | Guidance Reliability | Labor Market | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 7 | 5 | 1 | 2 | 1 | 1 | |
| 2025Q1 | 1 | 3 | 6 | 2 | 3 | 2 | 1 | 2 |
| 2025Q2 | 7 | 4 | 3 | 3 | 3 | 1 | 1 | 1 |
| 2025Q3 | 7 | 3 | 4 | 2 | 2 | 2 | 3 | 2 |
| 2025Q4 | 4 | 4 | 3 | 4 | 2 | 2 | 1 | |
| 2026Q1 | 4 | 2 | 1 | 3 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 2 | 1 | 7 | 7 | 4 | 4 |
| Demand | 7 | 3 | 4 | 3 | 4 | 2 |
| Revenue Growth | 5 | 6 | 3 | 4 | 3 | 1 |
| Margin | 1 | 2 | 3 | 2 | 4 | 3 |
| Competitive Dynamics | 2 | 3 | 3 | 2 | 2 | 1 |
| Pricing | 2 | 1 | 2 | 2 | 2 | |
| Guidance Reliability | 1 | 1 | 1 | 3 | 1 | |
| Labor Market | 1 | 2 | 1 | 2 |
| 12.3% |
| $331M |
| FY2025 Q3 | $5.42B | +7.4% | $0.56 | -52.1% | 16.0% | 5.1% | $1.16B |
| FY2025 Q4 | $5.33B | +4.9% | $1.34 | +21.8% | 16.0% | 12.2% | $781M |
| FY2026 Q1 | $5.41B | +5.8% | $1.39 | +3.7% | 15.1% | 12.2% | $198M |
| FY2026 Q2 | $5.48B | +4.5% | $1.36 | +3.8% | 15.9% | 11.6% | $459M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What CTSH and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And with Daimler Truck, we will use Cognizant WorkNEXT to transform and modernize its global workplace services.”
Cognizant won a multiyear Daimler Truck engagement to modernize its global workplace services with WorkNEXT, a named enterprise client deal.
“you could meet the capacity they have bought from a frontier motor company like Anthropic or open AI directly.”
Cognizant names OpenAI alongside Anthropic as a frontier AI-model provider integrated into its human-plus-digital labor delivery model.
“you could meet the capacity they have bought from a frontier motor company like Anthropic or open AI directly.”
Cognizant names Anthropic as a frontier AI-model provider whose compute clients buy directly, part of its tokenized AI delivery model.
“Cognizant delivered an AI-powered Oracle cloud ERP transformation, unifying finance, procurement and supply chain on a single cloud-native platform”
Cognizant delivered an Oracle Cloud ERP transformation for a European telecom, evidence of ongoing enterprise adoption of Oracle's cloud ERP.
“the recent launch of autonomous customer engagement with Google to support outcome-based human AI workforce models across industries”
Cognizant launched an autonomous customer-engagement offering with Google, a partner read-through for Google's AI/cloud enterprise ecosystem.
“we are building on our TriZetto product portfolio in a strategic partnership with Palantir to advance an outcomes-based intelligence platform that embeds AI-driven decisioning directly into health care operations.”
Cognizant is partnering with Palantir to embed AI decisioning into healthcare operations via its TriZetto portfolio, a named strategic-partner win for Palantir in health.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CTSH Cognizant | 8 | +5.8% | |
| ACN Accenture | 8 | +8.3% | |
| BR Broadridge Financial Solutions | 8 | +7.8% | |
| CDW CDW | 8 | +9.3% | |
| EPAM EPAM Systems | 8 | +7.6% | |
| FIS Fidelity National Information Services | 7 | +30.1% | |
| FISV Fiserv, Inc. | 3 | -2.0% | |
| IBM International Business Machines Corporation | 8 | +9.5% | |
| IT Gartner | 8 | +2.0% | |
| JKHY Jack Henry & Associates | 8 | +8.7% | |
| LDOS Leidos | 7 | +3.6% |