Cognizant Technology Solutions reports news on its role as a technology services provider and AI builder for enterprise clients. Company updates commonly cover full-stack AI solutions, secure and governed AI deployment, ServiceNow implementation and managed services engagements, and IT modernization work for large organizations.
Recurring developments also include quarterly financial results, bookings trends, investor conference participation, AI Lab patent activity, and the Cognizant Innovation Network, its corporate investment arm focused on enterprise software startups in AI, data, cybersecurity and cloud. News may also include updates from Belcan, a Cognizant company serving aerospace, defense, space, automotive, industrial, marine and government services markets.
Cognizant (CTSH) has formed an OpenAI Frontier Capability Group, bringing together more than 25,000 professionals to deliver OpenAI products for clients.
The group will initially focus on software engineering with Codex, application modernization and customer operations. Cognizant already uses an OpenAI-based solution in its sales and customer success teams to find and pursue opportunities. The company expects the group's work to draw on its Frontier workforce model, through which it is developing engineers and business operators credentialed directly by frontier-model companies.
Cognizant (Nasdaq: CTSH) reported third-quarter 2026 revenue of $5.664 billion, up year over year, alongside higher earnings and a lower GAAP operating margin. Revenue rose 4.6%, or 4.8% in constant currency. GAAP diluted EPS increased to $1.39 from $0.56; adjusted diluted EPS reached $1.49 from $1.39. GAAP operating margin fell to 15.4% from 16.0%, while adjusted operating margin rose to 16.3% from 16.0%.
Trailing-12-month bookings rose 4% to $28.7 billion, but quarterly bookings declined 7%. Year-to-date free cash flow fell to $1.582 billion from $1.884 billion. Cognizant expects 2026 revenue of $22.05–$22.14 billion, adjusted operating margin of approximately 16.1% and adjusted diluted EPS of $5.72–$5.79. Project Leap is expected to cost $180–$250 million and generate approximately $200 million of 2026 savings. Cognizant also signed a definitive agreement to acquire DyFlex Solutions.
Cognizant (CTSH) and Travelport expanded their partnership to embed artificial intelligence across Travelport's technology platforms, products and operations. The next phase builds on a 20-year relationship and the AI transformation announced in May 2026 alongside Anthropic. The companies have completed the first phase, establishing foundational platforms, architecture and engineering practices for AI-enabled delivery.
AI tools are now being introduced for code generation, test creation and review of proposed code changes. The initial engineering focus is Travelport Trip Services, which handles bookings, exchanges, refunds and servicing worldwide. Cognizant teams will work with Travelport across 18 countries. The companies plan further platform modernization and new AI-powered customer capabilities, with work spanning engineering, workflow automation and product development.
Cognizant (Nasdaq: CTSH) has been selected by the European Bank for Reconstruction and Development as a technology partner under a five-year framework.
The engagement supports the bank's Tech Blueprint transformation programme through outcome-led managed services and fixed-capacity services. Its scope spans workplace management, cloud infrastructure, data and security, software engineering, automation and AI. Cognizant plans to introduce proprietary AI solutions for service management, software engineering and workplace services. The framework also includes continuous improvement and innovation aimed at enhancing services and resilience over time.
Cognizant (CTSH) launched Cognizant AI Nexus, a modular operating layer designed to help enterprises manage AI spending, quality and business results. The company describes five capabilities that customers can adopt independently or together: Engage for a workspace grounded in enterprise knowledge; Orchestrate for AI-agent workflows; Reveal for tracking spending and outcomes; Coach for evaluating AI work; and Route for selecting models based on quality, cost and control.
Cognizant says Nexus is designed to run inside an enterprise's own environment, with permissions, workflow audit trails and human approval for critical decisions, compliance checks and customer-facing actions. The company runs Nexus at scale across its own operations before taking it to clients. The described functionality and benefits are expected or potential, rather than reported customer results.
Cognizant (Nasdaq: CTSH) has signed a definitive agreement to acquire DyFlex Solutions, an Australia-headquartered SAP services firm serving Australia and New Zealand. DyFlex provides advisory, implementation and managed services and has over 300 people, with a delivery presence in the Philippines. Financial details were not disclosed.
Cognizant expects the acquisition to expand its regional SAP and AI capabilities and expertise in mining and resources, energy and utilities, manufacturing, logistics, the public sector and the mid-market. Following completion, it plans to combine DyFlex's regional expertise and reusable delivery tools with its AI platforms and global industry experience. Closing is expected in the first quarter of 2027, subject to required regulatory approvals and other customary closing conditions.
Cognizant (CTSH) has been selected as Ingenico's global technology partner under a five-year agreement to modernize its technology operations. The work covers infrastructure, security, business and corporate applications, and data systems.
Cognizant will embed artificial intelligence across Ingenico's infrastructure and operations, security and data. It will also provide managed services for end-user services, service desk, application support and engineering. Cognizant expects the consolidation and modernization of Ingenico's technology environment to help strengthen security, improve operational efficiency and increase business agility.
Cognizant (Nasdaq: CTSH) expanded its Google Cloud partnership by establishing a Gemini Frontier Capability Group to support enterprise AI adoption. The group has more than 18,000 dedicated Cognizant associates and builds on its Gemini practice launched in April 2026. Its initial focus includes legacy modernization, developer experience, autonomous business processes and cyber defense.
More than 55,000 associates completed the Build with Gemini workshop, building AI agents and applications while earning Gemini skills credentials. Cognizant is deploying Gemini to 100,000 associates this year and plans to scale up to 200,000.
Cognizant (CTSH) published a workplace AI study finding that 80% of employees want to use AI more than their jobs permit. The research calls this mismatch the “Activation Gap”, separating employee willingness from workplace adoption. Across employee groups, 72% to 82% say their AI tools do not meet their needs; even the most satisfied group reported only 28% satisfaction.
The study found that disposition—how people relate to technology, risk and work—is roughly six times more predictive of AI behavior than organizational rank. Two groups account for 72% of workers: willing users facing organizational barriers and workers seeking a clear business case for adoption. Cognizant researchers estimate that a uniform 5% increase in global labor productivity could add roughly $6 trillion to world GDP, with context-specific tools and tailored training offering a potential path toward some of that value.
Cognizant (CTSH) announced a five-year extension of its work with Gilead Sciences to support selected technology programs. The agreement expands support for DevOps, which combines software development and operations, and the responsible application of agentic AI tools. It follows more than a decade of work supporting elements of Gilead's IT infrastructure, platforms, applications and advanced analytics.