Ravi Kumar S, Chief Executive Officer, Cognizant Technology Solutions
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Cognizant Technology Solutions on Wednesday marginally beat its own revenue guidance, with a 3.8 per cent Constant Currency (CC) revenue growth at $5.33 billion for the quarter ended December 2025 (Q3). On a sequential basis, revenue went down by 1.5 per cent.
The net profit of the US-based IT services company, which has a major presence in Chennai, was 18.7 per cent at $648 million.
Full-Year Performance
For the full year 2025, revenue stood at $21.1 billion, a 6.4 per cent growth in cc terms, again beating the high end of the company’s full year guidance by 10 basis points. Full-year net profit remained flat at $2.2 billion.
Headcount Growth
Cognizant reported a headcount of 351,600 as of December 31, 2025, an increase of 14,800 on a year-on-year basis and 1,800 on a sequential basis. Voluntary attrition (on a trailing 12-month basis) was 13.9 per cent, compared to 15.9 per cent in the year-ago quarter.
The IT major saw a 140-basis-point year-on-year (y-o-y) increase in its adjusted operating margins of 16.1 per cent.
2026 Outlook
For the full year 2026, the company expects revenue growth of 4.0 to 6.5 per cent in constant currency terms. For the first quarter, revenue growth is expected to be in the 2.7-4.2 per cent range on a constant-currency basis.
“In 2025 we at Cognizant have put our AI builder strategy in motion and returned to the ‘winner’s circle’ two years ahead of the target we set at our Investor Day. We have invested in our talent, strengthened our partnership ecosystem and advanced our AI platforms to help clients scale AI across the enterprise,” said Ravi Kumar S, Chief Executive Officer.
Kumar added that the company is confident that the foundation Cognizant built over the last three years positions it well to carry this momentum in the years ahead.
Bookings Growth
On a trailing-twelve-month basis, the company’s bookings increased 5 per cent year-on-year to $28.4 billion, representing a book-to-bill ratio of approximately 1.3x. The company’s bookings for the quarter included 12 large deals (over $100 million).
Geographically, North America recorded the highest growth at 4.2 per cent y-o-y (CC). Financial services was the highest-growth vertical, growing revenue by 9.3 per cent y-o-y.
Published on February 4, 2026
