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Cognizant Technology Solutions vs Infosys: revenue, profit, margins and growth compared

Cognizant Technology Solutions brought in $21.1B of revenue in fiscal 2025, Infosys $19.3B in fiscal 2025. Revenue changed by +7.0% at Cognizant Technology Solutions and +3.9% at Infosys on the year before, so Cognizant Technology Solutions grew faster. Cognizant Technology Solutions kept 10.6% of its revenue as net profit, Infosys 16.4%.

Side by side, latest fiscal year

CTSHINFY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (March 31, 2025)
Revenue$21.1B$19.3B
Revenue growth+7.0%+3.9%
Net income$2.2B$3.2B
Net margin10.6%16.4%
Free cash flow$2.6Bn/a
Free cash flow margin12.3%n/a
Earnings per share (diluted)$4.56$0.76
Cash$1.9B$2.9B
Debt$543Mn/a
Price to earnings12.6n/a
Market value$25.8B$42.6B
Dividend yield2.16%n/a
Rank by revenue in sector#35 of 530 · Technology#38 of 530 · Technology

Over the years

Revenue
CTSH FY2018: $16.1BCTSH FY2019: $16.8BCTSH FY2020: $16.7BCTSH FY2021: $18.5BCTSH FY2022: $19.4BCTSH FY2023: $19.4BCTSH FY2024: $19.7BCTSH FY2025: $21.1BINFY FY2018: $10.9BINFY FY2019: $11.8BINFY FY2020: $12.8BINFY FY2021: $13.6BINFY FY2022: $16.3BINFY FY2023: $18.2BINFY FY2024: $18.6BINFY FY2025: $19.3BFY18FY19FY20FY21FY22FY23FY24FY25
CTSH $21.1BINFY $19.3B
Net income
CTSH FY2018: $2.1BCTSH FY2019: $1.8BCTSH FY2020: $1.4BCTSH FY2021: $2.1BCTSH FY2022: $2.3BCTSH FY2023: $2.1BCTSH FY2024: $2.2BCTSH FY2025: $2.2BINFY FY2018: $2.5BINFY FY2019: $2.2BINFY FY2020: $2.3BINFY FY2021: $2.6BINFY FY2022: $3BINFY FY2023: $3BINFY FY2024: $3.2BINFY FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
CTSH $2.2BINFY $3.2B
Net margin
CTSH FY2018: 13.0%CTSH FY2019: 11.0%CTSH FY2020: 8.4%CTSH FY2021: 11.5%CTSH FY2022: 11.8%CTSH FY2023: 11.0%CTSH FY2024: 11.3%CTSH FY2025: 10.6%INFY FY2018: 22.7%INFY FY2019: 18.6%INFY FY2020: 18.2%INFY FY2021: 19.3%INFY FY2022: 18.2%INFY FY2023: 16.4%INFY FY2024: 17.1%INFY FY2025: 16.4%FY18FY19FY20FY21FY22FY23FY24FY25
CTSH 10.6%INFY 16.4%
Revenue growth
CTSH FY2019: +4.1%CTSH FY2020: -0.8%CTSH FY2021: +11.1%CTSH FY2022: +5.0%CTSH FY2023: -0.4%CTSH FY2024: +2.0%CTSH FY2025: +7.0%INFY FY2019: +7.9%INFY FY2020: +8.3%INFY FY2021: +6.1%INFY FY2022: +20.3%INFY FY2023: +11.7%INFY FY2024: +1.9%INFY FY2025: +3.9%FY19FY20FY21FY22FY23FY24FY25
CTSH +7.0%INFY +3.9%
Free cash flow
CTSH FY2018: $2.2BCTSH FY2019: $2.1BCTSH FY2020: $2.9BCTSH FY2021: $2.2BCTSH FY2022: $2.2BCTSH FY2023: $2BCTSH FY2024: $1.8BCTSH FY2025: $2.6BINFY FY2018: $1.9BINFY FY2019: $1.9BINFY FY2020: $2.1BFY18FY19FY20FY21FY22FY23FY24FY25
CTSH $2.6BINFY $2.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cognizant Technology Solutions and Infosys

Which is bigger by revenue, Cognizant Technology Solutions or Infosys?

Cognizant Technology Solutions is bigger by revenue: $21.1B in fiscal 2025, against $19.3B for Infosys in fiscal 2025.

Which keeps more of its revenue as profit, Cognizant Technology Solutions or Infosys?

Cognizant Technology Solutions had a net margin of 10.6% in fiscal 2025; Infosys had 16.4% in fiscal 2025.

Which grew revenue faster, Cognizant Technology Solutions or Infosys?

In their latest fiscal years revenue changed by +7.0% at Cognizant Technology Solutions and +3.9% at Infosys.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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