Cognizant Technology Solutions reports a robust third quarter with a 6.5% year-over-year revenue growth, driven by strong demand for AI-driven solutions and improved margins, indicating continued momentum in its business transformation strategy.
- Quarterly revenue reached $5.4 billion, marking the fifth consecutive quarter of organic growth.
- Signed six significant contracts with a total contract value of $100 million or more, elevating year-to-date deals to 16.
- Adjusted operating margin improved by 70 basis points year-over-year, reflecting disciplined expense management.
- Approximately 30% of internal code was AI-generated, enhancing developer productivity and efficiency.
- Continued investment in AI capabilities is expected to drive future growth, with a focus on expanding AI engagement and outcomes for clients.
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