CTSH — what changed in the latest 10-Q
A section-by-section comparison of CTSH's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +35 | −38 | ~38 | 47 |
| Market risk (Item 3) | Text added/removed | 0 | −1 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −1 | ~1 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Revenue up $249 million or 4.6% from Q3 2025; an increase of 4.8% in constant currency1
Adjusted Income from Operations1 up $57 million or 6.6% from Q3 2025
During the quarter ended September 30, 2026, revenues increased by $249 million as compared to the quarter ended September 30, 2025, representing growth of 4.6%, or 4.8% on a constant currency1 basis. Revenue growth was led by banking clients in our Financial Services segment and technology clients …
Our GAAP operating margin declined to 15.4% for the quarter ended September 30, 2026 from 16.0% for the quarter ended September 30, 2025. Our Adjusted Operating Margin1 increased to 16.3% for the quarter ended September 30, 2026 from 16.0% for the quarter ended September 30, 2025. Our operating marg…
In July 2025, the OBBBA was enacted in the United States, which, among other provisions, repealed the requirement to capitalize U.S. research and experimental costs. As a result, we concluded that it is not more likely than not that we will realize our deferred tax asset of $390 million related to r…
Text removed vs the prior filing · source: 10-Q · 2026-07-29
As disclosed in Note 11 to our unaudited consolidated financial statements, management concluded that the portion of the India Defined Contribution Obligation liability recorded in 2019 that relates to periods where no proceedings had been initiated by the government is no longer required. Thus, in …
During the second quarter of 2026, we repurchased $1,153 million of our Class A common stock under our stock repurchase program: $653 million through open market purchases and $500 million through ASR agreements. Additionally, we completed our acquisition of Astreya for a purchase price of $634 mill…
Revenue up $236 million or 4.5% from Q2 2025; an increase of 4.1% in constant currency1
Adjusted Income from Operations1 up $60 million or 7.3% from Q2 2025
During the quarter ended June 30, 2026, revenues increased by $236 million as compared to the quarter ended June 30, 2025, representing growth of 4.5%, or 4.1% on a constant currency1 basis. Revenue growth was positively impacted by the ramp up of several recently won large deals and increasing dema…
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2026-07-29
disclosed in "Part II, Item 7A, Quantitative and Qualitative Disclosures about Market Risk" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
Jatin DalalChief Financial OfficerAdoptionSeptember 14, 2026June 30, 2027
Surya GummadiPresident - AmericasAdoptionSeptember 14, 2026March 31, 2027
John KimChief Legal Officer, Chief Administrative Officer and Corporate SecretaryAdoptionSeptember 14, 2026November 18, 2027
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Chief Legal Officer, Chief Administrative Officer and Corporate Secretary
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice