Cognizant reports Q1 revenue $5.4B (+5.8% YoY), adj. EPS $1.40 (+13.8%), raises margin outlook

COGNIZANT TECHNOLOGY SOLUTIONS CORP

2026-Q1 EPS reported $1.39 revenue$5,413,000,000

Revenue $5.4B, up 5.8% YoY (3.9% CC); GAAP EPS $1.39 (+3.7%), adj. EPS $1.40 (+13.8%).
Trailing 12-month bookings $29.6B (+11%); Q1 bookings up 21% with 7 large deals signed.
FY 2026 constant-currency revenue guidance unchanged at 4.0%-6.5%; adj. op. margin guidance raised to 16.0%-16.2%, expansion of 20-40 bps.
Q1 operating cash flow $274M, free cash flow $198M; returned $603M via dividends ($159M) and buybacks ($444M).
Employees 357,600, +6K QoQ; voluntary tech attrition 12.3%; Financial Services led segment growth.

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