Core Insights - Cognizant reported strong financial performance in Q1 2025, with revenue of $5.115 billion, reflecting a year-over-year increase of 7.5% and 8.2% in constant currency [3][9][40] - The company achieved a GAAP operating margin of 16.7%, up 210 basis points from the previous year, and an adjusted operating margin of 15.5%, which increased by 40 basis points year-over-year [3][9][40] - GAAP diluted EPS rose to $1.34, a 22% increase year-over-year, while adjusted diluted EPS increased by 10% to $1.23 [3][9][40] Financial Performance - Revenue growth was driven by recent acquisitions, contributing approximately 400 basis points to overall revenue growth [3][44] - The company returned $364 million to shareholders through share repurchases and dividends in Q1 2025, with a planned return of $1.7 billion for the full year [5][11] - Bookings for the trailing twelve months increased by 3% year-over-year to $26.7 billion, with a book-to-bill ratio of approximately 1.3x [6][9] Operational Highlights - The first quarter performance demonstrated strong operational rigor amid elevated uncertainty, with revenue exceeding guidance and adjusted operating margin expansion [5][9] - The company expects second quarter revenue to be between $5.14 billion and $5.21 billion, representing growth of 5.9% to 7.4% [15] - Full-year 2025 revenue guidance remains unchanged at $20.5 billion to $21.0 billion, with expected growth of 3.9% to 6.4% [15] Strategic Initiatives - Cognizant is focusing on AI-led transformation, leveraging its differentiated AI and platform capabilities to assist clients in navigating macroeconomic challenges [2][14] - Recent client agreements and partnerships include collaborations with Boehringer Ingelheim, Citizens Financial Group, and Docusign, aimed at enhancing operational efficiencies and driving innovation [16][20] - The company plans to establish a Cognizant Immersive Learning Center in Chennai, India, to train 100,000 individuals annually, reflecting its commitment to workforce development [20]