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Cognizant beats Q2 guidance, announces $2 billion shareholder return plan

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Cognizant beats Q2 guidance, announces $2 billion shareholder return plan
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DBT Bureau

Pune, 31 July 2025

Cognizant reported strong Q2 2025 results, exceeding its revenue guidance and showcasing momentum in AI-led transformation. CEO Ravi Kumar S highlighted continued margin expansion and two $1 billion deals as proof of strategic execution.

“Our second quarter revenue performance exceeded the high end of our guidance range, underscoring the effectiveness of our strategy to build a resilient and durable portfolio that positions us to win in the AI era,” said Ravi Kumar S, Chief Executive Officer. “We are differentiating ourselves by moving with agility and building IP at the edge, leveraging our interdisciplinary capabilities to deliver agentification at scale.”

The company posted a 7.7% constant currency revenue growth in H1 2025 and an 11% rise in adjusted EPS. Bookings rose 18% YoY in Q2, reaching $27.8 billion on a trailing twelve-month basis. Total headcount rose by 7,500 to 343,800, while attrition in tech services declined to 15.2%.

Cognizant repurchased $544 million in shares year-to-date and announced a quarterly dividend of $0.31 per share. Full-year revenue is projected at $20.7–$21.1 billion, with an adjusted operating margin of 15.5%–15.7%.

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