Cognizant's Bold AI Bet: Outcome-Based Pricing, India IPO, and M&A Push

• Cognizant CEO Ravi Kumar S declares the company's turnaround complete, focusing on "big and bold bets" with AI at the core.
• The company aims to reposition itself as a "builder" using AI, moving beyond systems integration to create bespoke, agentic capital.
• Cognizant is exploring outcome-based pricing models, shifting from effort-based billing to owning risk and delivering bundled value.
• A secondary listing or IPO in India is under active discussion with regulators, aiming to attract new investors.
• With renewed confidence, Cognizant plans strategic M&A, particularly in AI platforms, specific verticals, and underrepresented geographies like Europe and Asia-Pacific.

Why It Matters: Cognizant is making strategic shifts towards AI-driven growth, outcome-based pricing, and a potential India IPO.