Yazılar

Cognizant Downplays AI Threat

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Cognizant’s leadership has said concerns that emerging artificial intelligence tools could replace large IT services firms are overstated.

Executives noted that while advanced systems are transforming workflows, organizations still require expertise to implement, integrate, and manage these technologies effectively. The complexity of deploying AI within enterprise environments continues to create demand for specialized services.

Industry discussions have highlighted potential disruption from newer AI-driven solutions. However, Cognizant emphasized that businesses typically need structured support to scale and govern these systems rather than relying solely on automated tools.

The company expects continued growth as clients expand adoption of AI across operational processes. Leadership indicated that technological change may reshape roles but is unlikely to eliminate the need for service providers in the near term.

The perspective aligns with broader views in the IT sector that artificial intelligence is more likely to drive transformation than displacement.

EPAM Shares Fall After Weak Outlook

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EPAM Systems saw its shares decline sharply after issuing a cautious outlook despite forecasting first-quarter results in line with market expectations.

The company projected first-quarter revenue between $1.38 billion and $1.40 billion, aligning with analyst estimates. Adjusted earnings per share are expected to range from $2.70 to $2.78.

However, investors reacted negatively to EPAM’s 2026 revenue growth guidance of 3 to 6 percent, which signals slower expansion compared to the 5 percent organic growth reported in 2025.

EPAM operates across IT consulting, cloud services and AI-driven transformation projects. While demand for digital modernization remains steady, the company’s conservative projections appear to reflect ongoing economic uncertainty.

Fourth-quarter performance exceeded expectations, with revenue reaching $1.41 billion and adjusted earnings per share of $3.26.

Despite solid recent results, the tempered growth outlook weighed on market sentiment.

France’s Atos Flags Steep Revenue Decline for 2025

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French IT services group Atos warned it expects a sharp drop in annual revenue for 2025, citing ongoing contract losses that continued through the quarter ending December 31. The company said revenue is estimated to fall to about 8 billion euros, in line with its earlier guidance.

Chief executive Philippe Salle said the figure represents an organic decline of 13.8%, underscoring the scale of the challenges facing the group as it attempts to rebuild after years of financial strain. Once considered a flagship of Europe’s technology sector, Atos recently emerged from a major debt restructuring that nearly pushed it into collapse.

The company is pursuing a broad reorganisation that includes asset sales and job cuts, significantly shrinking a business that was once valued at more than 10 billion euros to around 1 billion euros today. Salle said customer confidence is slowly returning, though at a more gradual pace than expected.

Atos plans to exit around 10 additional countries in 2026, following divestments in Scandinavia and Latin America. Despite the revenue decline, the group said it expects to exceed its 2025 profitability target and will publish its outlook for 2026 alongside full-year results on March 6.