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Cognizant sees quarterly revenue above estimates on strong enterprise demand
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Cognizant sees quarterly revenue above estimates on strong enterprise demand
Jul 30, 2025 1:58 PM

July 30 (Reuters) - IT consulting company Cognizant

Technology forecast third-quarter revenue above Wall

Street expectations on Wednesday, owing to strong spending from

customers looking to integrate artificial intelligence into

their platforms.

Cognizant's services have seen strong uptake from

enterprises looking to automate processes and shift workloads to

the cloud as they adopt AI in the hopes of boosting productivity

and optimizing costs.

"Our investments in talent, platforms and AI infrastructure

drove our fourth-straight quarter of organic year-over-year

revenue growth," said Cognizant CEO Ravi Kumar S.

The company forecast third-quarter revenue between $5.27

billion and $5.35 billion, compared with analysts' expectations

of $5.27 billion, according to data compiled by LSEG.

It reported revenue of $5.25 billion in the second quarter,

beating estimates of $5.19 billion.

Cognizant reported earnings per share of $1.31 in the

quarter ended June 30, compared with a profit of $1.14 per share

a year ago.

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