Cognizant's Q1: AI Surge, Big Deals, & Workforce Rework

Cognizants Q1 revenue surged by 3.9% YoY, driven by North American ramp-ups and big deals in financial services. Bookings soared by 21%, powered by seven large deals over $100M, including a mega one over $500M. The company is doubling down on AI, with over 5000 projects and 65 U.S. patents. AI Labs launched an innovation network for early-stage startups. Clients are embracing AI, especially in banking, insurance, and health sciences. Cognizant is reshaping its workforce and ops with Project Leap, targeting $200-300M savings next year. Q2 revenue outlook is 3.2-4.7% growth, full year 4-6.5%, backed by acquisitions like Estia. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4073e7fb1059ed22