Cognizant Q2 2026 Earnings Call Summary: AI-Driven Growth and Strategic Shifts
Cognizant Technology Solutions Corporation reported strong performance in its second quarter of fiscal year 2026, delivering a 4.1% year-over-year constant currency revenue growth driven by North American operations and large deals entering full execution. The financial services segment saw double-digit growth for the second consecutive quarter, signaling broader AI adoption trends across industries. The company accelerated its transformation into an 'AI builder' with new initiatives such as a dedicated AI market unit and an internal operating system to bridge AI experimentation with enterprise value delivery. Over 40% of software development is now AI-assisted, contributing to higher productivity metrics like adjusted operating income per associate. Cognizant also expanded its BPO practice using agentic business operations and acquired Astreya to bolster data center infrastructure capabilities. For the full year, revenue guidance was revised upward to 4-5.5% growth in constant currency due to macroeconomic uncertainty but with expectations of stronger Q4 performance from large deal conversions.
Topics: acquisition AI adoption operational transformation revenue growth