Cognizant and EPAM Systems shares jumped approximately 7% on Thursday following strong results from industry bellwether Accenture. Accenture's fiscal fourth-quarter revenue of $18.68 billion exceeded the top of its own guidance range and analyst expectations of $18.04 billion. Earnings per share of $3.29 also beat the $3.18 consensus. Accenture booked $22.2 billion in new work during the quarter, bringing its annual total to a record $84.5 billion. The results suggest large companies are resuming spending on IT services and push back against concerns that AI would reduce demand for consulting work. Cognizant and EPAM, which offer similar services including cloud migration and systems modernisation, are benefiting from investor optimism that Accenture's strong performance reflects broader industry trends. Both companies will report their own quarterly results in October and November, which will confirm whether the increased demand extends beyond Accenture.

Cognizant has completed its acquisition of Astreya, a global IT managed services provider headquartered in San Jose, California, effective June 22, 2026. The combination strengthens Cognizant's AI...

Cognizant and CrowdStrike have expanded their collaboration to launch Cognizant Cybersecurity for Operational Technology, powered by CrowdStrike Falcon for XIoT. The service combines Cognizant's industrial engineering expertise with CrowdStrike's security platform to protect mission-critical assets across converged IT and operational technology environments. As IT and OT systems increasingly merge, industrial organisations face growing cybersecurity risks from legacy assets, expanded connectivity, and Industrial Internet of Things technologies. The service provides unified visibility and 24/7 managed operations across six OT security domains, including asset discovery, threat detection, vulnerability management, and compliance. The partnership, which began in 2025, has already secured clients in manufacturing, energy, and critical infrastructure sectors. The solution aims to help organisations modernise OT security whilst minimising disruption to industrial processes.