Technology
In 2026-Q2, Cognizant achieved revenue growth of 4.5% year-over-year to $5,481M and diluted EPS of $1.36, driven by strong expansion in Financial Services and large deal wins, while launching the Project Leap restructuring program.
Key risk: Project Leap Restructuring Execution and Cost Volatility
Cognizant expects Project Leap costs of $230M to $320M primarily in 2026. Actual charges, timing, and anticipated annual savings of $200M to $300M depend on jurisdictional local laws and unanticipated operational events.
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