Cognizant Technology Solutions Corp
CTSHQ3 2025(CTSH Q2 FY2025)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$398.5M
AI Revenue (Q)
$240.3M
Total Revenue (Q)
$9.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Cognizant's Q2 FY2025 10-Q (period ending June 30, 2025) reports $5,245M quarterly revenue, up 8.1% YoY (7.2% CC). Belcan contributed ~400bps. Growth in Financial Services and Health Sciences. GAAP and Adjusted Operating Margin both at 15.6%. Risk factor language now explicitly includes 'the impact AI-based technologies may have on the demand for our services or our ability to obtain favorable pricing or other terms for our services' -- acknowledging both opportunity and risk from AI displacement. Still no AI-specific revenue quantification. Maintaining 2.5% estimate.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $5,245 [million, Q2 2025]
10-Q, Consolidated Statements of Operations, Three Months Ended June 30, 2025
Revenue up $395 million or 8.1% from Q2 2024; an increase of 7.2% in constant currency. Our recently completed acquisition of Belcan contributed approximately 400 basis points to revenue growth.
10-Q, Item 2 MD&A, Q2 2025 Financial Results
our ability to successfully use AI-based technologies in our client offerings and our own internal operations and the impact AI-based technologies may have on the demand for our services or our ability to obtain favorable pricing or other terms for our services
10-Q, Forward Looking Statements, Risk Factors
AI Products Identified (Ring 1)
AI consulting and advisory servicesGenAI implementation and integration servicesAI-powered application modernizationAI-driven analytics and automationCognizant Moment (AI-enabled digital experiences)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Digital services and solutionsConsultingApplication developmentSystems integrationEngineering research and development (Belcan)Application maintenanceInfrastructure and securityBusiness process services and automation
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix