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Cognizant10-Q: Platform strategy

Cognizant launches 'Project Leap' AI transformation, earmarking $230M-$320M for restructuring.

What happened

Cognizant is funding investments in AI capabilities and partnerships through its 'Project Leap' program, aiming to create a more agile, cost-effective operating model.

Source

SEC EDGARApr 29, 2026

Quarterly report (Form 10-Q)

Cognizant 10-Q

Filing excerpt

On April 29, 2026, we committed to Project Leap described in Part I, Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Executive Summary – Business Outlook (“Business Outlook”).

sec.gov/Archives/edgar/data/1058290/000105829026000016/ctsh-20260331.htmRead the full source

Other signals in this filing (7)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Platform strategy

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
Apr 29, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$320M (Upper range of total expected costs for Project Leap restructuring, including severance and other charges.)

Details

CIK
1058290
Accession number
0001058290-26-000016
Timeframe
Current year
Filing year
2026
Fiscal year
0
Why it matters
Platform tools needed
Signal category
Strategic

Topics and mentions

Technologies

  • AI

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
May 5, 2026
signal_type
sec-10q
signal_subtype
platformStrategy

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/fd994c27-2d36-45d5-8f01-6f2b666cdcb5 returns this record as JSON. POST /v1/companies/enrich returns every signal for cognizant.com.

{
  "signal_id": "fd994c27-2d36-45d5-8f01-6f2b666cdcb5",
  "signal_type": "sec-10q",
  "signal_subtype": "platformStrategy",
  "detected_at": "2026-05-05T08:48:22.729+00:00",
  "company": {
    "name": "Cognizant",
    "domain": "cognizant.com"
  },
  "data": {
    "detail": "Cognizant is funding investments in AI capabilities and partnerships through its 'Project Leap' program, aiming to create a more agile, cost-effective operating model. However, the transformation comes with $230M-$320M in expected costs and acknowledged risks of operational disruption, creating needs for both AI technology vendors and change management/automation solutions.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "Upper range of total expected costs for Project Leap restructuring, including severance and other charges.",
      "dollar_millions": 320
    },
    "summary": "Cognizant launches 'Project Leap' AI transformation, earmarking $230M-$320M for restructuring.",
    "excerpts": "On April 29, 2026, we committed to Project Leap described in Part I, Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Executive Summary – Business Outlook (“Business Outlook”).",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1058290/000105829026000016/ctsh-20260331.htm",
    "filing_date": "2026-04-29",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Platform tools needed",
    "signal_category": "strategic",
    "technologies_mentioned": [
      "AI"
    ]
  }
}

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