)
Company Research18 Mar 2024
Companies That Had Their IPO in 1998: The Inflating Dot Com Bubble
An overview of the market sentiment and IPO landscape as the dot com bubble continued to inflate during the late 90s.
Cognizant Technology Solutions
Cognizant Technology Solutions (CTSH) investor relations material
Cognizant Technology Solutions Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Feb, 2026
Executive summary
Achieved 7.0% year-over-year revenue growth for FY 2025, reaching $21.1 billion, surpassing guidance, with strong organic growth, acquisitions, and large deal momentum, especially in North America and Financial Services.
Adjusted operating margin reached 15.8%, up 50 basis points year-over-year, and adjusted EPS grew 11% to $5.28, outpacing revenue growth.
Bookings for the trailing 12 months rose 5% to $28.4 billion, with 28 large deals signed in 2025, including 12 in Q4 and a 60% year-over-year increase in large deal TCV.
AI-led transformation and productivity gains were central, with over 4,000 AI engagements and 30%+ of developer effort now AI-assisted.
Returned $2 billion to shareholders through dividends and share repurchases, and completed the 3Cloud and Belcan acquisitions to strengthen Azure, AI, and engineering capabilities.
Financial highlights
Q4 2025 revenue was $5.33 billion, up 4.9% year-over-year, and full-year revenue was $21.1 billion, up 7.0% year-over-year.
Adjusted operating margin for Q4 was 16%, up 30 basis points year-over-year; full-year adjusted margin was 15.8%.
Adjusted diluted EPS for Q4 was $1.35, up 12% year-over-year; full-year adjusted EPS was $5.28, up 11%.
Free cash flow for the year was $2.67 billion, exceeding net income and with conversion over 100%.
Acquisition of Belcan contributed 260 basis points to FY 2025 revenue growth.
Outlook and guidance
FY 2026 revenue guidance: $22.14–$22.66 billion, 4.0%–7.4% year-over-year growth in constant currency, with 150 basis points from M&A.
Adjusted operating margin guidance for 2026 is 15.9%–16.1%, with free cash flow conversion of 90%–100% of net income.
Adjusted diluted EPS guidance for 2026 is $5.56–$5.70, representing 5%–8% growth.
Plan to return $1.6 billion to shareholders in 2026, with $1 billion in share repurchases.
Q1 2026 revenue expected between $5.36 and $5.44 billion, up 4.8%–6.3% year-over-year.
How AI strategy drives large deal TCV growth
Belcan acquisition's impact on segment growth
What is the average duration of large deals?
AI's impact on traditional software demand?
BPO growth durability given AI's evolving role?
Fixed-price contracts: risks and opportunities?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebMGY
Record production, strong free cash flow, and disciplined capital returns defined 2025. - 6 FebQNST
Record Q2 revenue, $50.2M net income, HomeBuddy acquisition, and AI drive growth. - 6 FebOPGN
Shareholders will vote on seven key proposals, including a new equity plan and company name change. - 6 FebCDP
2025 FFO/share up 5.8% with strong leasing; 2026 outlook positive amid record defense spending. - 6 FebVTR
2025 saw double-digit SHOP NOI and FFO growth, a raised dividend, and $2.5B in investments. - 6 FebREG
2025 delivered record NOI and FFO growth, with 2026 guidance projecting further gains. - 6 FebMNTS
All stock issuance proposals passed except the share increase, which was not approved. - 6 FebCPT
2025 beat guidance; 2026 sees lower FFO, Sun Belt focus, and major asset sales with share repurchases. - 6 FebKOG
Record growth, robust backlog, and a NOK 5.70 dividend proposal drive future expansion. - 6 FebTSBK
Net income rose 19.8% to $8.22M, with higher margins, strong capital, and a dividend increase.
Next Cognizant Technology Solutions earnings date
Q1 202629 Apr, 2026
Cognizant Technology Solutions
Next Cognizant Technology Solutions earnings date
Q1 202629 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
IT Services and Consulting
Cognizant is an American IT services and consulting company with global operations. Its offerings of services and products are diverse, providing digital engineering, cloud solutions, IoT, and more. It also provides various consultancy services within the previously mentioned areas. The company was started as an in-house technology division of Dun & Bradstreet in 1994, but today operates as a completely separate entity. The company headquarters are in Teaneck, New Jersey, and its shares are traded on the Nasdaq.
Founding and Spin-Off
Cognizant was established in 1994 as a technology arm of Dun & Bradstreet. During the first years, its primary role was to develop software practices to provide services to Dun & Bradstreet's businesses. Recognizing the burgeoning potential of the IT services sector, Cognizant soon started serving external clients. In 1996, the company was spun off into an independent organization and had its IPO in 1998. Today, Cognizant competes with other companies such as Infosys and Accenture.
Offerings
Cognizant offers a variety of technology-driven services to its customers. At its core, the company provides digital solutions that aim to improve business operations. Through its data and analytics capabilities, the company assists in converting data into usable insights, enabling businesses to make more informed decisions. Cognizant also provides cloud and infrastructure services, helping businesses manage their IT resources efficiently. The company has industry-specific solutions for sectors like healthcare, banking, and retail. Additionally, they have a hand in areas like interactive services, the Internet of Things (IoT), and various engineering services.
Consultancy Services
The company also provides consultancy services within its field. Cognizant consultants evaluate various facets of an organization, including its processes, technologies, and overarching strategies with the objective of finding potential improvements. Once these areas are identified, the consultancy team provides tailored recommendations, ensuring they align with the specific needs and nuances of the client's industry. Overall, Cognizant's consultancy services offer businesses a blend of insight and practical advice, grounded in thorough examination and understanding of the unique challenges faced by the individual client.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage