Cognizant Technology Solutions

Cognizant Technology Solutions Corp. engages in the provision of information technology, consulting, and business process outsourcing services. It operates through the following business segments: Financial Services, Healthcare, Products and Resources, and Communications, Media, and Technology. The Financial Services segment consists of banking and insurance services. The Healthcare segment involves healthcare and life sciences. The Products and Resources segment consists of retail and consumer goods, manufacturing and logistics, travel and hospitality, and energy and utilities. The Communications, Media, and Technology segment includes communications, information, media and entertainment, and technology. The company was founded by Wijeyaraj Kumar Mahadeva and Francisco D'Souza in 1994 and is headquartered in Teaneck, NJ.

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Earnings data Q4 2024

Cognizant Technology Solutions beats revenue guidance, eyes growth opportunities

CTSH delivered strong Q4 results, focusing on improving fulfillment, reducing attrition, and enhancing operational discipline. Challenges lie in uncertain gross margins for 2023 and softness in the economic environment. Opportunities include becoming the employer of choice, leveraging investments for growth, and capitalizing on digital transformation.

Cognizant Technology Solutions beats revenue guidance, eyes margin expansion

CTSH's Q1 performance showed resilience with revenue exceeding guidance and strong bookings growth, setting the stage for future margin expansion.
While facing margin pressure and cost challenges, CTSH is strategically positioned to leverage opportunities in large deals, automation, and revenue diversification.
The company's focus on operational efficiency, talent development, and innovation underscores a proactive approach to navigating industry dynamics and driving growth.
CTSH's investments in technology and strategic initiatives align with market trends, positioning the company for sustained success and competitiveness.

Cognizant reports strong Q2 earnings, focuses on AI investments

Cognizant reports solid Q2 performance with revenue meeting guidance and strong bookings growth. Focus on talent retention, AI capabilities, and strategic partnerships for digital transformation. Challenges in Financial Services segment revenue and workforce levels, but opportunities lie in AI investments and automation technologies.

Cognizant exceeds Q3 expectations, eyes generative AI investments for growth

Cognizant's Q3 performance demonstrated resilience with strong bookings growth and cost-saving initiatives driving margin expansion. While facing challenges from soft demand and discretionary spending pressures, the company is strategically positioned to capitalize on generative AI investments and client collaboration for future growth.

Cognizant Technology Solutions reports Q4 revenue decline but exceeds expectations

CTSH reports Q4 revenue decline but exceeds operating margin expectations, with full-year revenue in line with guidance.
Strong focus on large deal generation, AI investment, and healthcare capabilities positioning CTSH for growth.
Challenges include discretionary spend concerns and uncertain visibility into fiscal '24, while opportunities lie in AI adoption and sector spend recovery triggers.
CTSH's success attributed to differentiated value proposition, sector capabilities, and focus on automation, with a cautious outlook for '24.

Cognizant reports Q1 revenue decline but boosts margins and innovation

Cognizant's Q1 2024 performance showed revenue decline but improved operating margin and strong large deal momentum.
The company's focus on innovation, strategic partnerships, and AI investments positions it well for future growth.
Challenges include uncertainty in demand environment and pricing pressures, but opportunities lie in margin improvement and new client acquisitions.

CTSH reports solid Q3 results, eyes growth through AI and partnerships

Cognizant Technology Solutions (CTSH) delivered a strong performance in Q3 2024, with revenue growth, margin improvement, and strategic initiatives driving positive results.
The company's focus on growth acceleration, talent development, and strategic partnerships positions it well for future success and market competitiveness.
While facing challenges in maintaining margins and executing strategic priorities, CTSH has opportunities to leverage its strengths in AI, acquisitions, and industry partnerships for sustained growth.

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Cognizant Technology Solutions Corp. engages in providing information technology, consulting, and business process outsourcing services. Its services include application services, artificial intelligence, business process services, cloud solutions, and core modernization. It operates through the following segments: Financial Services (FS), Healthcare Sciences (HS), Products and Resources (P and R), and Communications, Media, and Technology (CMT). The FS segment focuses on banking and insurance services. The HS segment is involved in healthcare and life sciences. The P and R segment includes retail and consumer goods. The CMT segment relates to communications, information, media and entertainment, and technology. The company was founded by Wijeyaraj Kumar Mahadeva and Francisco D'Souza on April 6, 1988 and is headquartered in Teaneck, NJ.

While the top- and bottom-line numbers for Cognizant (CTSH) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Cognizant (CTSH) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Cognizant (CTSH) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.08 per share a year ago.

Cognizant (CTSH) Q1 Earnings and Revenues Top Estimates

Revenue of $4.8 billion declined 0.3% year-over-year, or grew 1.5% in constant currency1 Record trailing 12-month bookings of $25.6 billion; Q1 bookings growth of 28% year-over-year Operating cash flow of $729 million and free cash flow[1] of $631 million Expect to return $1.4 billion to shareholders through share repurchases and dividends in 2023 2023 revenue growth guidance of (1.2%) to 0.8%, or (1.0%) to 1.0% in constant currency TEANECK, N.J. , May 3, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its first quarter 2023 financial results.

COGNIZANT REPORTS FIRST QUARTER 2023 RESULTS

Cognizant (CTSH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Cognizant (CTSH) to Report a Decline in Earnings: What to Look Out for

NIKE

New Agreement Expected to Help Transform and Manage the Retailer's Customer, Employee and Partner Experiences Globally TEANECK, N.J. , April 25, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced a new agreement to transform and support the technology operations of Nike (NYSE: NKE), the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories.

Nike Expands Relationship with Cognizant to Manage its Global Technology Operations

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Agreement Will Leverage Cognizant's TriZetto Healthcare Products in Support of Horizon's Claims, Encounters, and Enrollment Member Services TEANECK, N.J. , April 20, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has been selected by Horizon Healthcare Services, Inc. (Horizon), New Jersey's oldest and largest health insurer, to support its government healthcare programs.

Horizon Healthcare Services Selects Cognizant to Support its Government Healthcare Programs for 1.2 Million Members

TEANECK, N.J. and SAN MATEO, Calif., April 18, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) and Guidewire (NYSE: GWRE) today announced that they have modernized claim operations for the FCCI Insurance Group (FCCI), helping the regional property and casualty insurer to reduce claims processing times and costs and allow agents to focus on improving their customer experiences. Cognizant led the project with FCCI to migrate Guidewire ClaimCenter on Guidewire Cloud, empowering the insurer to manage claims more efficiently across its commercial and surety lines of business.

FCCI Modernizes Claims Operations Through New Cloud Migration with Cognizant and Guidewire

TEANECK, N.J. , April 12, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the first quarter of 2023 on Wednesday, May 3, 2023, after market close.

Cognizant Schedules First Quarter 2023 Earnings Release and Conference Call

New Report Highlights Cognizant's Strengths in Automation, Analytics, and Consulting to Support Financial Services Clients

Cognizant Named a Leader in Capital Markets Operations By Analyst Firm Everest Group

Holistic Approach to Managing Data Will Leverage Veeva's Development Cloud

Cognizant and Boehringer Ingelheim Collaborate on Unified Cloud Platform to Speed the Delivery of Life Saving Therapies

Cognizant (CTSH) announces the expansion of its partnership with Microsoft in the healthcare market by integrating its TriZetto with Microsoft Cloud for Healthcare.

Cognizant (CTSH) & Microsoft Expand Healthcare Partnership

Microsoft Cloud for Healthcare and Cognizant's TriZetto healthcare products aim to enhance transparency for consumers and increase interoperability for providers and payers TEANECK, N.J. , April 6, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced an expansion of their long-standing healthcare collaboration with Microsoft, to give healthcare payers and providers easy access to cutting-edge technology solutions, streamlined claims management, and improved interoperability to optimize business operations and deliver better patient and member experiences.

Cognizant and Microsoft Collaborate to Bring Microsoft Cloud-based Technology Solutions to the Healthcare Market

Cognizant's TriZetto Solutions Highlighted in Everest Group Report as a Leader in Domain Expertise, Advanced Technology, and Client Acclaim TEANECK, N.J. , April 4, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has been named a Leader of healthcare cloud-based core administration in a new report by Everest Group.

Cognizant Named a Top Provider of Healthcare Cloud-Based Administration

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Seasoned public company executive brings strong operational, managerial and technological expertise TEANECK, N.J. , March 31, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced the appointment of Abraham ("Bram") Schot to its Board of Directors (the "Board") as an independent director, effective April 3, 2023.

Cognizant Names Bram Schot to Board of Directors

Cognizant to integrate service cloud voice into one single omni-channel platform for enhanced and more personalized agent and customer experience TEANECK, N.J. , March 14, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has been selected by Volkswagen Group Ireland (VWG Ireland), the multinational automotive manufacturer headquartered in Wolfsburg, Germany, to transform VWG Ireland's digital customer service landscape.

Cognizant Engaged by Volkswagen Group Ireland to Transform its Digital Customer Experience

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Denmark's largest railway operator extends its relationship with Cognizant for its ongoing strategy to use digital technologies to improve customer experience on its public transportation systems TEANECK, N.J. , March 1, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has been selected by DSB, Denmark's state railway operator, as the sole provider of offshore IT consulting services to accelerate, scale and further improve its ability to deliver against DSB's digital strategy.

DSB selects Cognizant as Sole Offshore Supplier of IT Consulting Services

TEANECK, N.J. , Feb. 27, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference:  Morgan Stanley Technology, Media & Telecom Conference   • Presenter: Jan Siegmund - Chief Financial Officer    • Date: Wednesday, March 8, 2023   • Time: 11:35AM EST  Live audio webcasts of the presentations will be available at Cognizant's website: http://investors.cognizant.com   A replay of the webcasts will remain available on the company's website for 90 days.

Cognizant to Present at the Morgan Stanley Technology, Media & Telecom Conference

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At 2.8x Price to Book and 15.1x P/E, Cognizant trades at a discount relative to the sector. Under the new leadership of Ravi Kumar, the company is well-positioned to win back the market share it lost to Infosys in the last three years.

Cognizant Technology Solutions: New Leadership, New Direction, New Growth

Cognizant Technology Solutions reported Q4 2022 financial results on February 2, 2023. The firm provides an array of technology consulting and outsourcing solutions to companies worldwide.

Cognizant Technology Offers Tepid Outlook For 2023

Domenici brings strong expertise in strategic finance, corporate strategy and M&A TEANECK, N.J. , Feb. 13, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced the appointment of Nella Domenici to its Board of Directors (the "Board") as an independent director, effective February 21, 2023.

Cognizant Names Nella Domenici to Board of Directors

Cognizant will implement a digital platform designed to monitor and forecast emissions in real-time, and help develop its new ESG data strategy, reporting and governance model TEANECK, N.J. , Feb. 5, 2023 /PRNewswire/ -- Cognizant has extended its relationship with Orica, a leading manufacturer of commercial explosives and innovative blasting systems, to deliver an ESG data strategy and a digital platform, through agile methods, that provides real-time reporting and forecasting of scope 1 and 2 greenhouse gas (GHG) emissions.

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