Cognizant reports Q1 adjusted EPS $1.40, consensus $1.33

Reports Q1 revenue $5.41B, consensus $5.41B. “In a complex macroeconomic environment, we delivered first quarter revenue growth in the upper half of our guidance range, with sustained bookings momentum and Financial Services again leading performance. We signed seven large deals in the quarter and delivered over 70% large deal total contract value growth year-over-year,” said Ravi Kumar S, Chief Executive Officer. “We believe our AI builder strategy, deep industry expertise and scaled partnership ecosystem uniquely position us to bridge the ‘AI Velocity Gap’ by helping clients convert their significant AI investments into tangible business outcomes.”