Cognizant reported third-quarter revenue of $5.664 billion on October 29, up 4.6% from a year earlier, while new bookings for the quarter declined 7%.
Financial-services revenue increased 12%. Across the company, revenue growth measured at constant exchange rates was 4.8%.
Reported diluted earnings rose to $1.39 per share from 56 cents. The comparison includes a $390 million one-time, noncash tax expense recorded in the third quarter of 2025. Adjusted earnings, which exclude specified items, increased to $1.49 per share from $1.39.
The reported operating margin narrowed to 15.4% from 16%. Excluding adjustments including restructuring charges, the company’s adjusted operating margin rose to 16.3% from 16%.
Although quarterly bookings fell, bookings over the preceding 12 months increased 4% to $28.7 billion. Bookings represent contract value and differ from revenue already earned.
For 2026, management forecasts revenue of $22.05 billion–$22.14 billion and adjusted diluted earnings of $5.72–$5.79 per share. Those figures remain projections.
Sources: Cognizant — Third-Quarter 2026 Results: https://investors.cognizant.com/news-and-events/news/news-details/2026/Cognizant-Reports-Third-Quarter-2026-Results/default.aspx