Cognizant cuts revenue outlook despite Q3 beat

Cognizant has lowered its full-year 2026 revenue growth guidance despite reporting better-than-expected revenue in the July-September quarter, as persistent macroeconomic uncertainty and delayed client spending weigh on its growth outlook.

The US-based IT services firm now expects revenue to grow 4-4.4% in constant currency terms, against its earlier forecast of 4-5.5%, with the upper end falling below Bloomberg estimates of 4.5%.