Cognizant is trading 4.8% up today at $52.73 on solid second-quarter results and an improved profit outlook.

  • Revenue grew 4.5% year-over-year to $5.48 billion, driven by a strong 12% gain in the Financial Services segment.
  • Management raised full-year margin guidance, emphasizing operational efficiency and a focus on higher-margin AI work despite softer discretionary spending.
  • The stock's climb comes as the broader market remains flat and cautious ahead of the Federal Reserve's FOMC statement.