Cognizant Q2 Profit Falls, Cuts Annual Guidance Amid Slowdown

Cognizant, a big IT company, earned a little less money in the second quarter of 2026 than it did the year before.

Its profit fell 1.4% to $636 million because it had to pay more taxes.

Even though sales grew 4.5% to $5.5 billion, the company lowered its yearly growth forecast to 4‑5.5% because the world economy is slowing down.

The CEO said wars and high prices are hurting business.

The company’s profit margin improved a bit, but it still has to cut jobs and keep costs down.