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Cognizant posts 5.8% revenue growth, 13.8% adjusted EPS rise, and boosts 2026 margin guidance with Project Leap savings.

Company Fundamentals
29 Apr 2026
PRNewsWire
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Bullish
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Cognizant reported a 5.8% year-over-year revenue increase to $5.4 billion in Q1 2026, driven by strong bookings growth of 21% including seven large deals. Adjusted EPS rose 13.8% to $1.40, outpacing revenue growth, while adjusted operating margin slightly improved to 15.6%. The company introduced Project Leap to accelerate AI investments and workforce upskilling, expecting $200-$300 million in savings this year, which enabled raising its 2026 adjusted operating margin guidance to 16.0%-16.2%. Revenue growth guidance remains at 4.0%-6.5% for 2026, with adjusted EPS expected to grow 7%-9%.

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