IT Major Cognizant Technology Solutions reported a revenue of $5.5 billion for the quarter ending June 2026, a 4.1 per cent year on year increase in constant currency terms in line with its guidance estimates for the quarter. Despite this, the company trimmed its full year growth guidance for 2026, narrowing the expected range from 4-6.5 per cent guided earlier to 4-5.5 per cent. For the third quarter ended September 2026, it has guided a revenue growth of 3.8-5.3 per cent in CC terms.Net profit was down 1.4 per cent to $636 million, marginally down from $645 million in the same quarter last year while operating margins went up 30 basis point to 15.9 per cent.The company also incurred $84 million in charges for June quarter towards their Project Leap initiative. This included $56 million of employee separation costs and $28 million of other costs“Our organic revenue growth momentum continued in the second quarter and was at the high end of our expectations,” Ravi Kumar S, Chief Executive Officer, Cognizant said. He stressed on the fact that Cognizant had emerged on the top among its peers in revenue growth this quarter and the overall guidance. “As organizations shift from AI experimentation to enterprise-scale execution, we believe the market opportunity ahead is larger than ever, and we’re positioning Cognizant to lead in this next era,” he added.Cognizant beat its peers in the quarter in revenue growth (on a CC basis) . Infosys posted growth of 2.4 per cent, Wipro 0.9 per cent, HCL Tech 2.6 per cent, while TCS came the closest with a growth of 3.2 per cent.Kumar added that the company posted a second consecutive quarter of double-digit growth in the financial services segment.Among the sectors, financial services stood out with a constant currency growth of 11.7 per cent. The healthcare segment saw a growth at 1 per cent while Products and resources and communications, media & technology reported a growth of 0.7 and 1.4 per cent respectively. As for geographies North America grew by 5.5 per cent, followed by Europe which went up by 0.8 per while rest of the world declined by 1.5 per cent.Cognizant reported a headcount of 356,700 as of June 30, 2026, a net headcount addition of 12,900 on a year-on-year basis but a decline of 900 people in sequential terms. Voluntary attrition for tech services on a trailing 12-month basis was 13.0 per cent, slightly up from 12.6 per cent for the period ended June 2025.Cognizant’s headcount uptick of 12,900 on a year on year basis was also higher than its Tier 1 rivals with Infosys reporting a YoY headcount increase of 4,274 while Wipro saw a growth of 9,817 employees. Tata Consultancy Services (TCS), meanwhile, saw a headcount decrease of 19,271 while HCL Tech went up by by 738.On a trailing twelve-month basis, bookings increased 5 per cent year-over-year to $29.1 billion, which represented a book-to-bill of approximately 1.3x. The company’s bookings for the quarter included seven large deals (over $100 million). Published on July 29, 2026