Cognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious on discretionary IT spending and large investments. The company expects annual revenue between $22.04 billion and $22.35 billion. This comes after reporting second-quarter revenue in line with estimates. Enterprises are prioritizing data center infrastructure over software as AI adoption accelerates.

July 29 : Cognizant Technology on Wednesday raised its annual adjusted profit forecast after recording strong growth in its financial services business and continued operating…

July 29 : Cognizant Technology forecast quarterly revenue below Wall Street estimates on Wednesday, as clients remained cautious on discretionary IT spending. Shares of the…

Cognizant lowers its 2026 growth forecast due to cautious client spending, despite outperforming peers in recent revenue growth.