Strategic partnership introduces autonomous AI software engineers to the enterprise, augmenting human capabilities to transform the software development lifecycle (SDLC) and accelerate business value. TEANECK, N.J., Jan. 28, 2026 /PRNewswire/ -- Cognizant announced a strategic partnership with Cognition, creator of Devin AI, the autonomous software engineer, to help enterprises apply AI to software development work at scale. Unlike traditional coding assistants that suggest code, Devin can take on end-to-en ...

Core Insights - Cognizant reported a third quarter revenue of $5.42 billion, reflecting a year-over-year increase of 7.4% and a constant currency growth of 6.5%, marking the fifth consecutive quarter of organic revenue growth [2][9] - The company signed six large deals in the quarter, contributing to a total of 16 large deals year-to-date, with a 40% increase in total contract value (TCV) compared to the same period last year [2][5] - Cognizant's full-year revenue guidance has been raised to a growth range of 6.0% to 6.3% in constant currency, exceeding previous estimates [4][10] Financial Performance - Revenue for Q3 2025 was $5,415 million, compared to $5,044 million in Q3 2024, with a year-to-date revenue of $15,775 million versus $14,654 million in the previous year [3][9] - The GAAP operating margin improved to 16.0%, up 140 basis points year-over-year, while the adjusted operating margin also increased to 16.0%, reflecting a 70 basis point improvement [3][9] - GAAP diluted EPS for Q3 2025 was $0.56, down from $1.17 in Q3 2024, impacted by a one-time non-cash income tax charge of $0.80 [3][9] Bookings and Employee Metrics - Trailing twelve-month bookings rose 5% year-over-year to $27.5 billion, with a book-to-bill ratio of approximately 1.3x [5] - Voluntary attrition in tech services was reported at 14.5%, a decrease from 15.2% in the previous quarter [6] Shareholder Returns - Cognizant repurchased 6.3 million shares for $450 million in Q3 2025, with a total of 13.1 million shares repurchased year-to-date for $994 million [7][9] - A quarterly cash dividend of $0.31 per share was declared, payable on November 26, 2025 [7] Segment and Geographic Performance - Revenue by segment showed Health Sciences at $1,604 million (29.6% of total), Financial Services at $1,578 million (29.2%), Products and Resources at $1,383 million (25.5%), and Communications, Media and Technology at $850 million (15.7%) [38] - North America accounted for 74.4% of total revenues, with a year-over-year growth of 7.8% [38]