Cognizant reported strong financial results for the second quarter of 2025, with revenue reaching $5.25 billion, marking a 7.2% year-over-year increase in constant currency.
In a statement, CEO Ravi Kumar S remarked that the performance exceeded the high end of the company’s guidance range.
"Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth, another quarter of margin expansion and helped us accelerate bookings, including two $1 billion deals,” Kumar said.
The company saw record bookings over the last twelve months, totaling $27.8 billion, a 6% increase, with Q2 bookings surging 18% year-over-year, driven by two mega deals each valued over $1 billion.
Client engagements highlighted several major contracts, such as agreements with Lineage Inc. to deliver agentic AI solutions, with Aker Solutions to modernise IT and AI operations, and with Ipswich City Council for a five-year technology transformation in partnership with Workday.
Cognizant’s forward guidance for 2025 anticipates continued growth, with full-year revenue expected between $20.7 and $21.1 billion, and adjusted operating margin projected at 15.5% to 15.7%.
Kumar added that in today's dynamic and competitive environment, we are differentiating ourselves by moving with agility and building IP at the edge, leveraging our interdisciplinary capabilities across domain, technology and operations to address new client growth priorities and deliver agentification at scale.
Cognizant is heavily investing in vibe coding over the last month. It aims to generate 50% of its code using AI within a year and states it has already achieved 20% of that target.
Read: Cognizant’s Vibe Coding Lesson for Indian IT
The company’s headcount stood at 343,800 as of June 30, 2025, reflecting an increase of 7,500 over both the previous quarter and the same period last year.
Acquisitions played a significant role, contributing about 400 basis points to revenue growth for both Q2 and the first half of 2025.
On the technology front, the company reiterated that it has launched the Cognizant Agent Foundry, a platform-agnostic solution helping enterprises design, deploy, and manage autonomous AI agents across all stages of development.
This was complemented by the open-sourcing of its Neuro AI Multi-Agent Accelerator for research and academic use, while commercial clients gained access to a robust Multi-Agent Services Suite.
Partnerships have been strengthened, notably with Google Cloud in launching Cognizant Autonomous Customer Engagement, an AI-led contact center solution, and with Pegasystems to integrate agentic AI services and accelerate cloud transformations.
The collaboration with Salesforce was also expanded, introducing offerings built for Salesforce’s Agentforce, intended to blend human expertise with autonomous agents for greater productivity and impact in customer and operations functions.
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