Cognizant Q3 revenue climbs 4.6% to $5.66 bn, surpassing estimates

Cognizant reported Q3 revenue of $5.66 billion, up 4.6% year-on-year, beating estimates, with GAAP EPS rising 148% to $1.39. Despite the strong results, shares fell 8.65% due to a 7% decline in bookings and lowered full-year constant currency revenue guidance to 4–4.4%. Headcount increased by 3,200 to 359,900.