Cognizant cuts its 2026 constant-currency growth forecast to 4-4.4 per cent amid weak discretionary spending, even as Q3 revenue rises 4.6 per cent and net profit reaches $627 million. Cognizant cut its annual guidance for the second time this year, highlighting the challenging macroeconomic environment, which has grown more complex in the last three months, and hobbled growth prospects for the information technology (IT) services companies.