India, Oct. 30 -- Cognizant reported third-quarter revenue of USD 5.664 billion, up 4.6% year-on-year, as financial services growth and improved adjusted margins supported its performance. The company also reported a significant operational milestone: more than half of its code is now AI-assisted.

The results show Cognizant changing how it delivers technology services while continuing to grow. They also present a mixed picture of demand. Revenue increased 4.8% in constant currency, but bookings declined 7% during the quarter, even as trailing 12-month bookings rose.

Cognizant revised its full-year 2026 constant-currency revenue growth guidance to 4.0-4.4% and expects an adjusted operating margin of approximately 16.1%.

Financial servic...