Cognizant Technology Solutions
Q2 2022 Earnings Call
Jul 27, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, welcome to the Cognizant Technology Solutions second quarter 2022 earnings conference call. [Operator instructions] I would now like to turn the conference over to Mr. Tyler Scott, vice president, investor relations. Please go ahead, sir.
You may begin your presentation.
Tyler Scott -- Vice President, Investor Relations
Thank you, operator, and good afternoon, everyone. By now you should have received a copy of the earnings release and the investor supplement for the company's second quarter 2022 results. If you have not, copies are available on our website, cognizant.com. The speakers we have on today's call are Brian Humphries, chief executive officer; and Jan Siegmund, chief financial officer.
Before we begin, I would like to remind you that some of the comments made on today's call and some of the responses to your questions may contain forward-looking statements. These statements are subject to the risks and uncertainties as described in the company's earnings release and other filings with the SEC. Additionally, during our call today, we will reference certain non-GAAP financial measures that we believe provide useful information for our investors. Reconciliations of non-GAAP financial measures or appropriate to the corresponding GAAP measures can be found in the company's earnings release and other filings with the SEC.
With that, I'd like to turn the call over to Brian Humphries. Please go ahead, Brian.
Brian Humphries -- Chief Executive Officer
Thank you, Tyler. Good afternoon, everyone. I'd like to comment on several topics today, notably our second quarter performance, the demand and pricing environment and labor market dynamics. Let's start with our second-quarter performance, which was balanced.
Second-quarter revenue was $4.9 billion, up 9.5% year over year in constant currency. Growth was led by digital. Second-quarter operating margin was 15.5%, up 50 basis points sequentially, in line with our expectations. Financial leverage driven by sequential revenue growth, disciplined expense management, currency benefits and the optimization of pyramid, shoring and fulfillment helped offset the impact of attrition and labor cost inflationary pressure.
Our industry segment performance remained largely consistent. Financial Services grew 5.1% year over year in constant currency, led by insurance growth. This includes a negative impact of 190 basis points from the exit of Samlink. We continue to make progress strengthening client relationships in Financial Services.