CTSH · Cognizant Q2 FY2026 earnings call record财报电话会记录

“From an AI indicators perspective, our revenue and adjusted operating income per associate increased 4.6% and 7.1% respectively.”

“We estimate the $1 trillion system integration market can expand into $5 trillion-$6 trillion enterprise operations market, with $4.5 trillion of operational labor exposed to AI.”

“Our healthcare platform business generates more than $1.1 billion in annual revenue, through the first half of 2026, grew faster than the overall company while delivering substantially higher margins.”

“While clients in retail, consumer goods, and travel and hospitality continue to navigate pressure from geopolitical uncertainty, supply chain disruptions and elevated oil prices, we are seeing momentum in manufacturing, logistics, energy and utilities, where Physical AI and smart manufacturing are creating compelling opportunities for us.”

“Within communications, media and technology, demand among comms and media customers is muted, consistent with last quarter.”

“With technology customers, demand remains strong, driven by AI-native engineering, digital operations, data and cloud services.”

“Excluding these impacts, second quarter adjusted operating margin was 16%, up 40 basis points year-over-year.”

“Second quarter adjusted EPS was $1.37, up 5% year-over-year, driven by revenue growth, margin expansion, and lower share count.”

“Year-to-date, we have returned $1.9 billion to shareholders through share repurchases and dividends and remain on pace to return about $2.6 billion.”

“We have therefore revised our full-year revenue guidance range to 4%-5.5% growth in constant currency.”

“Our free cash flow conversion guidance for the year remains 90%-100% of net income.”

“Our EPS guidance has increased to $5.70-$5.82, representing 8%-10% growth versus 7%-9% growth previously.”