AcquisitionsApr 29, 2026, 08:18 AM
CTSH Acquires 3Cloud for $728M; Q1 Revenue +5.8% to $5.41B
AI Summary
Cognizant Technology Solutions Corp (CTSH) acquired 3Cloud, a Microsoft Azure services provider and AI enablement solutions leader, for $728 million on January 1, 2026. For the first quarter of 2026, the company reported revenues of $5.41 billion, a 5.8% increase year-over-year, with diluted EPS rising to $1.39. Net income remained stable at $662 million. CTSH also declared a quarterly dividend of $0.33 per share and repurchased $448 million in common stock.
Key Highlights
- Acquired 3Cloud, a Microsoft Azure services provider, for $728M.
- Q1 2026 revenue increased 5.8% to $5.41 billion.
- Q1 2026 diluted EPS rose 3.7% to $1.39.
- Q1 2026 net income was $662 million, flat YoY.
- Declared $0.33 per share quarterly dividend.
- Repurchased $448 million of common stock.
- Financial Services revenue reached $1.64 billion.
- North America revenue was $4.05 billion.