“Segment operating profit and operating margin percentage were as follows: Segment operating profit % Segment operating margin In 2026, segment operating margins across all our segments were positively impacted by operational efficiencies and the beneficial im…”10-Q · Jul 29, 2026 ↗
Cognizant Technology Solutions Corporation
CTSH
Market read
Cognizant Technology Solutions Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- Revenue increased 5.8% versus the comparable filing period.
- Operating margin fell 1.1 percentage points.
- CTSH's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if CTSH's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- Revenue increased 5.8% versus the comparable filing period.
- Operating margin fell 1.1 percentage points.
- Net margin fell 0.7 percentage points.
- Operating cash flow covered only 0.41x net income.
- CTSH's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +7.0% year over year.
- Operating margin changed +1.4 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.29x in the latest annual period.
- Foreign exchange has repeated favorable evidence across 5 filings.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- P/E is 25% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
58.34Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“We believe clients will continue to contend with industry-specific changes driven by evolving digital technologies, uncertainty in the regulatory environment, industry consolidation and convergence as well as international trade policie s, including tariffs,…”10-Q · Jul 29, 2026 ↗
“We believe clients will continue to contend with industry-specific changes driven by evolving digital technologies, uncertainty in the regulatory environment, industry consolidation and convergence as well as international trade policie s, including tariffs,…”10-Q · Jul 29, 2026 ↗
“Financing activities The decrease in cash used in financing activities for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, was primarily driven by the draw down on our revolving credit facility in 2026 and the repayment…”10-Q · Jul 29, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.4× · EV/sales 1.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CTSH. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-29 against the comparable filing from 2025-05-01.
What improved
- Revenue increased 5.8% versus the comparable filing period.
What weakened
- Operating margin fell 1.1 percentage points.
- Net margin fell 0.7 percentage points.
- Operating cash flow covered only 0.41x net income.
Filing receipts
“Financing activities The decrease in cash used in financing activities for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, was primarily driven by the repayment of the outstanding balance under the revolving credit facility in 2025, partially offset by increased repurchases of common stock during 2026.”
“The following table provides a summary of cash flows for the three months ended March 31: (in millions) 2026 2025 Increase / Decrease Net cash provided by (used in): Operating activities $ 274 $ 400 $ (126) Investing activities (806) (7) (799) Financing activities (597) (657) 60 Operating activities The decrease in cash provided by operating activities for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025, was primarily driven by higher incentive based compensation payments in 2026.”
“The increase was driven by amortization expense from intangible assets related to our recently completed acquisition.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind CTSH
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MSFTMicrosoft CorporationpartnerApr 29, 2026 ▾
“Note 3 — Business Combinations On January 1, 2026, pursuant to a purchase agreement, we acquired 100 % ownership in 3Cloud, one of the largest independent Microsoft Azure services providers and a global leader in Azure-dedicated AI enablement solutions and pr…”
Depended on by
ACIWACI Worldwide, Inc.partnerFeb 26, 2026 ▾
“In addition, we work with a limited number of systems integration and services partners such as Concerto, Opus Technologies, Synechron, and Cognizant Technology Solutions Corporation, for staff augmentation and coordinated co-prime delivery where appropriate.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CTSH is currently a Participant in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CTSH; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.