Cognizant Technology Solutions Corp Class A

CTSH: XNAS (USA)
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Cognizant Earnings: Expanded AI Partnerships Should Fuel Long-Term Growth; Shares Undervalued

Cognizant's first-quarter revenue grew 4% in constant currency. Operating margin of 16% was stable from previous quarters. First-quarter bookings growth of 21% was healthy and in line with its Indian IT service counterparts, bringing trailing 12-month bookings to a new high of $29.6 billion.

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