Cognizant Technology Solutions Corporation (CTSH) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
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SA Transcripts158.79K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Cognizant Technology Solutions Corporation (CTSH) Morgan Stanley Technology, Media & Telecom Conference 2026 March 3, 2026 7:05 PM EST Company Participants Jatin Dalal - Chief Financial Officer Conference Call Participants James Faucette - Morgan Stanley, Research Division Presentation James FaucetteMorgan Stanley, Research Division Thanks for joining us this afternoon. My name is James Faucette, Senior IT services analyst here at Morgan Stanley. And I'm very pleased to have Jatin Dalal, CFO of Cognizant that will be chatting with us this afternoon. Before we get started, I do have a quick disclosure to read. Please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales rep. So thanks for being here today. I really appreciate you guys making the trip. Always excited to hear kind of what's happening with Cognizant. Certainly, there's been a lot of work underway for a few years with the management team very focused on AI development, et cetera. But... Question-and-Answer Session James FaucetteMorgan Stanley, Research Division Maybe to start, why don't you give us a little bit of a preamble, talk about how you put together your outlook for calendar year '26 and how you're thinking about organic growth generally? Jatin DalalChief Financial Officer Sure. Jim, thank you very much for having us. Wonderful to be here with meeting all the investors. Let me start with our -- the whole assumption around guidance range. And as you know, we guided 4% to 6.5% total growth for 2026, of which inorganic contribution is roughly 150 basis points, of which 100 is done and 50 to go. Now at the midpoint of our guidance range, we assume that the environment continues to be what it was at the time of giving the guidance. At the upper end, we expected the environment to improve during the course of 2026. And