New Delhi, July 29 -- Cognizant Technology Solutions Corp. is bracing for a slower 2026, with the delayed revival of non-essential technology spending prompting the company to cut its growth outlook to the lowest in more than a year.

The Teaneck, New Jersey-based company, which grew 7% last fiscal year, had previously set a target of 7.3% for the current year. However, as clients continue to sit on the fence, the company cut its guidance to at best 5.9%, the lowest outlook since the final quarter of 2024, and underlining the demand challenge over the broader IT services sector.

The Indian-heritage company, larger than Infosys in revenue, ended the June quarter with $5.48 billion in revenue, up 1.3% sequentially and 4.5% year over year. ...