Revenue Growth
Revenue grew 6.5% year-over-year in constant currency to $5.4 billion. This marks the fifth consecutive quarter of year-over-year organic revenue growth.
Large Deal Signings
Cognizant signed 6 large deals with a TCV of $100 million or more, bringing the year-to-date total to 16. The TCV of large deals is up 40% from the prior year period.
Adjusted Operating Margin Improvement
Q3 adjusted operating margin improved by 70 basis points year-over-year, driven by disciplined expense management and an increasingly AI-enabled delivery model.
AI and Productivity Gains
Revenue per employee rose 8% year-over-year, while adjusted operating income per employee grew 10%. Approximately 30% of internal code was AI-generated, significantly improving productivity.
Partnerships and Innovation
Cognizant entered a new collaboration with Anthropic and continues to expand its AI ecosystem. The company also launched a Cognizant Enterprise Vibe Coding Blueprint to help clients build AI fluency.
Financial Performance
Adjusted EPS grew approximately 11% year-over-year. Free cash flow was $1.2 billion, representing 170% of adjusted net income.