Teaneck-headquartered IT services firm Cognizant reported first-quarter revenue in the upper half of its guidance range, which shows steady execution amid a complex macroeconomic environment, even as client spending trends remain measured.


The company posted Q1 2026 revenue of $5.4 billion, up 6 percent year-on-year, or 3.9 percent in constant currency.

Operating margin for the quarter stood at 15.6 percent, flat on an adjusted basis and down 110 basis points year-on-year.

Bookings momentum remained strong, with trailing twelve-month bookings rising 11 percent year-on-year to $29.6 billion, translating into a book-to-bill ratio of 1.4x.

Quarterly bookings grew 21 percent year-on-year, supported by large deal activity.