Cognizant Technology Solutions Corporation
Explore Cognizant Technology Solutions Corporation
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Cognizant Technology Solutions Corporation
Explore Cognizant Technology Solutions Corporation
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2025 Revenue
$21.1B
▲ 11.7% vs FY2024 ($18.9B)
Source: Annual report / company filing
Cognizant Technology Solutions Corporation reported $21.1B in revenue for fiscal year 2025. This represents a growth of 11.7% compared to the 2024 figure of $18.9B.
That origin — captive unit, remediation work, back-office function — produced a company with $21.1B in FY2025 revenue and 340,000 employees across delivery centers in India, the Americas, and Europe. Revenue reached $21.1B in FY2025, recovering modestly from the $18.3 billion posted in 2023, as enterprise IT spending showed early signs of recovery after a period of cautious budget management among large corporate clients. Cognizant's revenue plateaued across three years: $18.1 billion in 2022, $18.3 billion in 2023, $21.1B in FY2025. Net income of $2.1 billion on $18.9 billion in revenue — an 11.1% net margin — is respectable for IT services but below where the company's technology-intensive positioning should eventually take margins. The $38 billion market cap at roughly 2x revenue implies the market is pricing Cognizant as a slow-growth services business rather than a platform company. The $2.7 billion acquisition of TriZetto in 2014 was the most significant strategic move in company history.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $21.1B | — | +11.7% |
| FY2024 | $18.9B | $2.1B | +3.3% |
| FY2023 | $18.3B | — | +1.1% |
| FY2022 | $18.1B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.