
Cognizant beats estimates in Q2 as net profit rises 14%
Its 2025 constant currency revenue growth guidance narrowed to 4-6%, while the 2025 adjusted operating margin guidance is unchanged at 15.5-15.7%. The company's operating margin stood at 15.6%.
"Our second quarter revenue performance exceeded the high end of our guidance range, underscoring the effectiveness of our strategy to build a resilient and durable portfolio that positions us to win in the AI era," said Ravi Kumar S, Chief Executive Officer.
"Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth, another quarter of margin expansion and helped us accelerate bookings, including two $1 billion deals," he added.

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Mint
10 minutes ago
- Mint
IPO Blitz in Progress: 100+ U.S. Listings in 2025 — The Window Is Narrowing
After a lull in 2022 and 2023, the U.S. IPO market has roared back to life. As of early August, 210 companies have gone public in 2025, that's more than 85.84% higher than at this point last year. Some of the year's most anticipated names have already hit the market. Circle Internet Group — the company behind USD Coin (USDC) — listed in June, raising about $1.1 billion. CoreWeave, which provides AI-focused cloud infrastructure, went public in March and has since risen roughly 250% from its IPO price. Astera Labs, which designs connectivity solutions for semiconductors, has also posted sizeable gains. It's not just mega-cap tech capturing investor attention. Smaller biotech and AI hardware IPOs have also delivered notable early returns. Even Reddit, which listed in March 2024, continues to draw interest as it builds its post-IPO track record. Driving this resurgence are steadier interest rates, easing recession fears, and strong institutional demand for high-growth areas such as AI infrastructure, fintech, and enterprise software. Every IPO comes with a lockup period — usually between 90 and 180 days — when insiders, early investors, and employees can't sell their shares. The idea is to keep prices stable in the early months after listing. When the lockup ends, large blocks of stock can hit the market at once. That can drag prices down if selling is heavy, or provide a fresh wave of liquidity that helps prices find a higher level if demand is strong. Late August through September 2025 will be a key stretch for several of the year's most closely watched IPOs: CoreWeave : The end of the lock up period is nearing, with over 37 million shares becoming eligible for sale. : The end of the lock up period is nearing, with over 37 million shares becoming eligible for sale. Chime – lockup also expires in September 2025, setting up a similar unlock event. For investors, these dates could mark the last relatively calm stretch before insider activity adds volatility. Renaissance Capital and Nasdaq data as of early August 2025 highlight how strong this year's crop has been: 59% of Q1 2025 IPOs were profitable at listing, up from 29% in Q1 2024. CoreWeave is up approximately 250% since its IPO. Circle Internet Group has seen gains exceeding 420% from its IPO day. All are multi-billion-dollar firms backed by institutions and operating in high-growth sectors like AI infrastructure, cloud, and fintech. Lockup expirations often bring asymmetry; the chance for significant price moves in a compressed timeframe. Take CoreWeave: its lockup expires soon, releasing 37.5 million shares into the market. If institutional demand holds, any selling pressure may be absorbed swiftly; if insiders flood the market, a short-term sell-off is possible. For investors, the days leading up to this expiration may be the last window to enter without navigating sharp volatility. Not every IPO keeps its momentum after lockup. Key signs to track: Institutional demand: Strong buying at IPO and in follow-on trading Strong buying at IPO and in follow-on trading Revenue and margin trends: Sustained growth supports higher valuations Sustained growth supports higher valuations Customer diversification: Reliance on one major client adds risk Reliance on one major client adds risk Cash flow: Positive or near-breakeven free cash flow limits dilution risk Positive or near-breakeven free cash flow limits dilution risk Lockup structure: Staggered expirations can soften volatility Staggered expirations can soften volatility Sector momentum: AI infrastructure, fintech, and semiconductors are leading in 2025 AI & Infrastructure: CoreWeave's Nasdaq debut in June became one of the year's defining tech moments, with its cloud infrastructure platform, powered by Nvidia GPUs, drawing strong investor demand and lifting enterprise value past $100 billion within weeks. SailPoint also drew attention with a $1.38 billion raise in the identity security space, while Cerebras Systems' pending listing is set to test appetite for next-generation AI hardware. CoreWeave's Nasdaq debut in June became one of the year's defining tech moments, with its cloud infrastructure platform, powered by Nvidia GPUs, drawing strong investor demand and lifting enterprise value past $100 billion within weeks. SailPoint also drew attention with a $1.38 billion raise in the identity security space, while Cerebras Systems' pending listing is set to test appetite for next-generation AI hardware. Fintech & Digital Assets: Chime Financial surged 59% on opening day, riding momentum in consumer-focused digital banking. Circle Internet Group delivered a sixfold jump shortly after listing, boosted by the U.S. Senate's passage of stablecoin-specific regulation. Galaxy Digital and eToro also made their U.S. exchange debuts, expanding the roster of crypto-linked listings. Chime Financial surged 59% on opening day, riding momentum in consumer-focused digital banking. Circle Internet Group delivered a sixfold jump shortly after listing, boosted by the U.S. Senate's passage of stablecoin-specific regulation. Galaxy Digital and eToro also made their U.S. exchange debuts, expanding the roster of crypto-linked listings. Healthcare & Life Sciences: Hinge Health and Omada Health both tapped strong demand for digital health plays, each rising double digits after IPO. Metsera drew biotech interest with its obesity drug pipeline, while Caris Life Sciences used its $494 million raise to expand precision oncology work. Hinge Health and Omada Health both tapped strong demand for digital health plays, each rising double digits after IPO. Metsera drew biotech interest with its obesity drug pipeline, while Caris Life Sciences used its $494 million raise to expand precision oncology work. Energy & Industrials: Contemporary Amperex Technology (CATL) raised $4.6 billion in Hong Kong, cementing its position as the world's largest EV battery maker. In the U.S., Venture Global's LNG-focused listing became the biggest capital raise of the first half, signalling continued investor appetite for large-scale energy infrastructure. In the IPO surge of 2020–2021, some of the biggest winners rallied again right after lockup expirations, especially when insiders kept most of their shares and institutions built positions. Those moments acted like a 'second debut,' attracting fresh buyers. But the window can close quickly, leaving late entrants chasing higher prices. With 2025's top-performing sectors showing similar strength, any pullback around lockup dates could turn into a new base for the next leg higher, provided fundamentals hold. Navigating lockup windows calls for planning and discipline: Identify Q2 2025 IPOs with expirations coming up. Check insider ownership and the scale of potential share releases. Track institutional buying, it can cushion volatility. Consider phased entries before and after lockup expiry. Monitor macro news – rate changes, trade developments, or sector headlines can magnify moves. Set alerts for exit points to avoid getting caught in a sharp reversal. By combining timely data with a clear strategy, investors can turn a potential risk window into a well-timed entry or exit. Managing IPO risk and opportunity means tracking a lot of moving parts, from pricing and early trading to insider unlock dates. Appreciate offers tools and features designed to help investors navigate these events with ease: Fractional Investing: Buy U.S. stocks and ETFs from just ₹ 1, making it possible to own a slice of even the most expensive shares without saving up for the full amount. Buy U.S. stocks and ETFs from just 1, making it possible to own a slice of even the most expensive shares without saving up for the full amount. One-Click Transfers: Fund investments instantly with zero remittance or withdrawal fees, offering a quick and cost-effective gateway to U.S. markets. Fund investments instantly with zero remittance or withdrawal fees, offering a quick and cost-effective gateway to U.S. markets. Zero Subscription & Competitive Forex Rates: Invest without monthly subscription fees, while benefiting from favorable exchange rates. Invest without monthly subscription fees, while benefiting from favorable exchange rates. Change Savings: Automate wealth building by rounding up daily spends and investing the spare change once it reaches ₹ 2,000, currently directed into the VOO ETF. Automate wealth building by rounding up daily spends and investing the spare change once it reaches 2,000, currently directed into the VOO ETF. AI-Powered Recommendations & Education: Access intelligent stock insights, curated watchlists, and learn through in-app podcasts, blogs, and expert content. Access intelligent stock insights, curated watchlists, and learn through in-app podcasts, blogs, and expert content. Robust Security & Insurance: U.S. assets are safeguarded with bank-grade encryption, AI-based fraud monitoring, and SIPC insurance coverage up to $500,000. U.S. assets are safeguarded with bank-grade encryption, AI-based fraud monitoring, and SIPC insurance coverage up to $500,000. Future Feature Pipeline: Upcoming products include access to Indian equities, mutual funds, IPOs, MSME financing, insurance, and more, aiming to create a comprehensive global investing experience. The 2025 IPO market is on track for its busiest year since the pandemic boom, with AI, fintech, and semiconductors leading the charge. August and September lockup expirations will test the durability of those gains. For investors, preparation will matter as much as timing. The weeks ahead could offer the last stable entry points before the next wave of volatility hits and those who've done the homework, will be ready to act. To know more about investing in US stocks, ETFs, and Mutual Funds, click here Note to the reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Mint.

Business Standard
an hour ago
- Business Standard
Bitcoin tops 124k to hit new peak as Fed easing hopes lift sentiment
Bitcoin price today: The flagship cryptocurrency, Bitcoin, hit a fresh record on Thursday, surging past the $124,500 level, as risk-on sentiment deepened amid rising expectations of monetary easing by the Federal Reserve. The world's largest crypto-asset by market capitalisation rose as much as 1.27 per cent to $124,514.57 on Thursday, in Asia trading. It pared some gains to trade 0.6 per cent higher at $123,690 as of 8:30 AM IST. Bitcoin's market cap rose to around $2.5 trillion, according to CoinGecko. So far this year, bitcoin has risen by around 32 per cent, and since US President Donald Trump's election win in November, the cryptocurrency has risen nearly 80 per cent. The rally in the cryptocurrency came just after the equity benchmarks on Wall Street closed at record levels for the second straight session. The S&P500 and Nasdaq closed 0.32 per cent and 0.14 per cent higher, respectively. The risk-on sentiment among traders was boosted by the increasing expectations of Fed rate cuts after the latest inflation report, as per reports. The US core CPI, which excludes food and energy costs, climbed 0.3 per cent in July, the fastest pace since the start of the year, driven mainly by higher services prices. Further, on Wednesday, US Treasury Secretary Scott Bessent urged the Federal Reserve to cut half-point interest in the September meeting, amid reports that Trump might select a new Fed Chair sooner than expected. The bullish momentum for all cryptocurrencies gained traction after Trump signed an executive order last week to expand 401(k) (employer-sponsored retirement savings plan) access to alternative assets, aiming to improve returns and diversification, increasingly favourable regulatory environment. By directing regulators to clarify investment guidelines, the order is poised to unlock the massive $8.9 trillion retirement savings market to cryptocurrencies, a development that analysts believe is fueling fresh optimism and institutional interest in the crypto space. Altcoins soar Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market cap, is also exhibiting bullish momentum by surging to a fresh record high of $4,785.67 on Thursday. Last seen, Ethereum was trading 0.63 per cent higher at $4,748.99, with a trading volume of $58 billion. The altcoin had a market cap of over $573 billion.

The Hindu
an hour ago
- The Hindu
Bitcoin hits record high above $124,000
Bitcoin hit a record high on Thursday during early Asian trading, surpassing $124,000, driven by favourable U.S. legislation and a rise in U.S. equities. The cryptocurrency rose above its previous July record, briefly exceeding $124,500 before retreating. US stocks ended higher Wednesday, with the S&P 500 index and the tech-heavy Nasdaq reaching new heights this week, contributing to the cryptocurrency's rise. Bitcoin's value has recently soared, fuelled by U.S. regulatory changes under U.S. President Donald Trump, a strong backer of the crypto sector. Its price has also been boosted by large holders of cryptocurrency, referred to as "whales". "The crypto market is enjoying a period of highly favourable fundamentals," said Samer Hasn, senior market analyst at "President Donald Trump has moved to end restrictions that previously prevented banks from doing business with companies flagged for reputational risk concerns, a category in which crypto firms were often unfairly placed," he added. Trump may also be inclined to "accelerate the integration of cryptocurrencies into the national financial system and lift additional restrictions, given his and his family's growing involvement in the sector", Hasn said. Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin.