Cognizant cuts top-end FY26 revenue guidance
US-based IT services major Cognizant on Wednesday lowered the upper end of its full-year revenue growth guidance, signalling that clients continue to remain cautious on discretionary technology spending despite the company reporting steady second-quarter growth, improving margins and healthy deal momentum.
The Nasdaq-listed firm now expects FY26 revenue to grow 4-5.5%, compared with its earlier forecast of 4-6.5%. The revision comes even as Cognizant maintained that it continues to outpace the broader IT services industry and expects demand for AI-led projects to remain resilient.
