Cognizant Technology Solutions Corp presented at Citi's 2026 Global TMT Conference, where it detailed its strategy for navigating a slow-growing IT services market. The company highlighted its early investments in artificial intelligence, recent successes in securing large deals, and its deepening industry expertise as key drivers of its performance.
Management noted that a shift in the company's delivery model, with a greater emphasis on AI-assisted systems, is expected to support revenue per employee. Cognizant reported a 5% increase in bookings over the last twelve months and a 5% rise in revenue per head in the first half of 2026. The company anticipates that its third-quarter organic growth will be similar to the second quarter's, with an expected acceleration in the fourth quarter. Separately, it was disclosed that the VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position of 855,075 shares in the second quarter.