Cognizant Q1 revenue rises 7.4%, beats estimates

US-based IT services firm Cognizant Technology Solutions beat revenue estimates for the first quarter of 2025 on the back of large deal realisations in health sciences and financial services.

Revenue was $5.1 billion, up 7.5% year-on-year, exceeding the high end of its guidance and analyst estimates of $5.07 billion. Net profit rose 21% to $663 million for the quarter ended March. The operating margin rose 210 basis points y-o-y to 16.7%. The firm follows the calendar year.