Recent Updates — CTSH
Cognizant reported third-quarter 2026 revenue of $5.664 billion, a 4.6% increase year-over-year, with adjusted diluted EPS of $1.49, up 7.2%. The company declared a quarterly cash dividend of $0.33 per share, payable on November 25, 2026 to shareholders of record on November 13, 2026. Trailing twelve-month bookings rose 4% to $28.7 billion. Cognizant operates as an AI builder and technology services provider.
On October 5, 2026, Cognizant Technology Solutions Corporation entered into a new credit agreement providing for a $550 million term loan facility and a $1.85 billion revolving credit facility. The company utilized proceeds from the term loan to repay its existing terminated term loan and borrowed approximately $1.0 billion under the revolver to refinance its previous revolving debt. The unsecured facilities mature on October 3, 2031, with quarterly principal payments of $6.875 million starting after the first year. The agreement includes a maximum leverage ratio covenant of 3.50:1.00 and allows for potential increases up to $1.2 billion. Cognizant Technology Solutions Corporation provides information technology services and business process outsourcing solutions globally.
Cognizant Technology Solutions Corporation reported second quarter 2026 financial results with revenue of $5.48 billion, a 4.5% year-over-year increase. GAAP diluted earnings per share were $1.36, up 3.8%, while adjusted operating margin expanded to 16.0%. The company completed its acquisition of Astreya for $634 million and borrowed $1.0 billion under its revolving credit facility. Cognizant repurchased 22.5 million shares for $1.15 billion in the quarter, leaving $2.3 billion remaining on its authorization. Full-year adjusted diluted EPS guidance was raised to a range of $5.70 to $5.82. In July 2026, the company declared a quarterly cash dividend of $0.33 per share for shareholders of record on August 18, 2026, payable on August 25, 2026. Cognizant is an AI builder and technology services provider.
The United States District Court for the District of New Jersey preliminarily approved a settlement of a stockholder derivative action, Viswanatha Palempalli v. Michael Pastalos-Fox, et al., No. 2:21-cv-12025-EP-SDA. Cognizant Technology Solutions Corporation is disclosing the settlement details via Long-Form Notice and Stipulation of Settlement exhibits. Cognizant Technology Solutions Corporation is an information technology services company.
Cognizant Technology Solutions Corporation held its annual meeting of shareholders on June 2, 2026, with approximately 92.90% of outstanding Class A Common Stock represented. All 13 director nominees were re-elected, and proposals regarding executive compensation and the ratification of PricewaterhouseCoopers LLP were approved. A shareholder proposal to adopt a right to act by written consent was not approved, receiving 162,523,425 votes in favor and 253,824,087 against.
Cognizant Technology Solutions Corporation has provided notice to lenders to borrow $1 billion under its existing revolving credit facility. The funds are expected to be drawn on May 20, 2026.