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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Cognizant WorkNEXT™  aims to put user experience at the center of workplace transformation, with generative AI capabilities designed to enhance employee self-service and streamline adoption of consumer-grade gen AI tech for enterprises. TEANECK, N.J.

Building an experience-centric workplace: Enhancing Cognizant WorkNEXT digital workplace services with generative AI powered by ServiceNow

SAN MATEO, Calif.--(BUSINESS WIRE)--Sunstone Partners, a technology-focused growth equity firm, today announced the closing of the sale of its portfolio company, Thirdera, to Cognizant (Nasdaq: CTSH). Thirdera is an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products. Sunstone Partners created Thirdera in 2021 by merging three companies: Evergreen Systems, Ce.

Sunstone Partners Announces the Closing of the Sale of Thirdera, the Largest Independent Global Pure-Play ServiceNow Consultancy, to Cognizant

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TEANECK, N.J. , Jan. 16, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth quarter of 2023 on Tuesday, February 6, 2024 after market close.

Cognizant Schedules Fourth Quarter 2023 Earnings Release and Conference Call

Cognizant (CTSH) and Microsoft's Innovation Assistant, powered by Azure OpenAI, boosts creative problem-solving in client challenges through Bluebolt.

Cognizant (CTSH) Boosts Innovation With Microsoft AI Assistant

TEANECK, N.J. , Jan. 16, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced its collaboration with Microsoft on the launch of the Innovation Assistant, a generative AI-powered tool built on Microsoft Azure OpenAI Service, which will augment Cognizant's internal innovation program, Bluebolt.

Cognizant unveils gen AI-powered Innovation Assistant, in collaboration with Microsoft, empowering Cognizant's employees to innovate

Joint landmark Oxford Economics/Cognizant study predicts generative AI will affect 90% of U.S. jobs, underscoring the critical need for strategic reskilling to maintain economic growth TEANECK, N.J. , Jan. 10, 2024 /PRNewswire/ -- In partnership with Oxford Economics, Cognizant (NASDAQ: CTSH) today revealed findings from its new economic impact study New Work, New World , which predicted that 90% of jobs will be disrupted in some way by generative AI (gen AI), setting the stage for a profound shift in how we approach work, productivity and economic growth.

Cognizant Impact Study Predicts Generative AI Could Inject $1 Trillion Into U.S. Economy Over 10 Years

Cognizant (CTSH) drives Fortrea's digital journey, reshaping the CRO industry with a four-year transformative technology partnership.

Cognizant (CTSH) Expands Healthcare Footprint With Fortrea Deal

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Cognizant to help Fortrea deploy a modern, secure digital ecosystem to help bring treatments to patients faster TEANECK, N.J. and DURHAM, N.C.

FORTREA SELECTS COGNIZANT AS ITS TECHNOLOGY TRANSFORMATION PROVIDER

Renewed five-year relationship will see Cognizant and Cambridge drive digital transformation and leverage AI technology LONDON , Jan. 3, 2024 /PRNewswire/ -- Cambridge University Press & Assessment (Cambridge) has signed a multi-year contract with Cognizant (Nasdaq: CTSH) with the goal of improving operational effectiveness, maintaining exam results integrity and staying competitive in the evolving education sector. Under the agreement, Cognizant will continue to provide application development and support services to Cambridge.

Educational Innovation Through AI: Cognizant Signs Multi-Year Contract with Cambridge University Press & Assessment

Cognizant (CTSH) acquires Thirdera for enhanced AI-driven solutions and boosts ServiceNow strength.

Cognizant (CTSH) Boosts AI-Driven Automation With ServiceNow

Acquisition is expected to add more than 940 employees to Cognizant's ServiceNow Business Group, creating one of the largest aggregations of ServiceNow professional certifications globally TEANECK, N.J. , Dec. 13, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has entered into an agreement to acquire Broomfield, CO-based Thirdera, an Elite ServiceNow Partner specializing in advisory, implementation and optimization solutions related to the ServiceNow platform, with a strong focus on emerging enterprise workflow products.

Cognizant to acquire Thirdera to enhance cross-industry digital transformation with ServiceNow and create one of the world's largest, most credentialed ServiceNow partners

Cognizant is helping implement Tealium Customer Data Platform for the University of Melbourne to personalize the student and alumni journey  TEANECK, N.J. , Dec. 4, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced that it was selected by The University of Melbourne (UoM or the University), a leading international university with a tradition of excellence in teaching and research, to help implement the Tealium Customer Data Platform (CDP).

The University of Melbourne Collaborates with Cognizant to boost student engagement

Cognizant (CTSH) reported earnings 30 days ago. What's next for the stock?

Why Is Cognizant (CTSH) Up 10.6% Since Last Earnings Report?

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The new collaboration will see Cognizant take over the current outsourced business processes and automate these processes to improve efficiency and customer experience TEANECK, N.J. , Nov. 23, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) has today announced a new collaboration with Alm.

Cognizant selected by Alm. Brand Group to enable automation services

LAS VEGAS--(BUSINESS WIRE)--Aston Martin Aramco Cognizant Formula One® Team today announced it has entered an agreement for an investment in the team by Arctos Partners (“Arctos”), a private investment firm with significant experience of investing in sports. As part of this new partnership, the firm's first-ever in Formula One®, Arctos will provide the Aston Martin Aramco Cognizant Formula One® Team with deep sports industry knowledge, and a robust network of influential relationships to suppor.

Aston Martin Aramco Cognizant Formula One® Team Welcomes Investment from Arctos Partners

Cognizant's (CTSH) third-quarter 2023 results benefit from strong Communications, Media and Technology revenues, as well as acquisitions, amid a challenging macro environment.

Cognizant (CTSH) Q3 Earnings Beat Estimates, Revenues Up Y/Y

Cognizant Technology Solutions Corporation (NASDAQ:CTSH ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Tyler Scott - Vice President & Head of Investor Relations Ravi Kumar - Chief Executive Officer Jan Siegmund - Chief Financial Officer Conference Call Participants Bryan Bergin - TD Cowen Ashwin Shirvaikar - Citi Tyler DuPont - Bank of America Tien-Tsin Huang - JPMorgan Keith Bachman - BMO Capital Markets James Friedman - Susquehanna Operator Ladies and gentlemen, welcome to the Cognizant Technology Solutions Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Thank you.

Cognizant Technology Solutions Corporation (CTSH) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Cognizant (CTSH) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Cognizant (CTSH) Q3 Earnings: A Look at Key Metrics

Revenue of $4.9 billion increased 0.8% year-over-year, declined 0.2% in constant currency1 Record trailing 12-month bookings of $26.9 billion, up 16% year-over-year Operating cash flow of $828 million; free cash flow1 of $755 million was ~144% of net income Share repurchase expectation for 2023 increased by $200 million to $1 billion Full-year 2023 revenue guidance narrowed to (0.7%) to flat, as reported and in constant currency1 Full-year 2023 Adjusted Operating Margin1 guidance now ~14.7%, the high end of prior guidance TEANECK, N.J. , Nov. 1, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its third quarter 2023 financial results.

COGNIZANT REPORTS THIRD QUARTER 2023 RESULTS

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Cognizant's new program will aim to improve the lives of workers around the world, training one million individuals for gainful employment by 2026  TEANECK, N.J. , Oct. 31, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced the official launch of its groundbreaking training initiative, Synapse, aimed at empowering more than one million individuals with cutting-edge technology skills—like generative artificial intelligence (AI)—for the digital age.

Cognizant Launches Synapse Initiative to Provide Job Training to One Million Individuals Around the Globe

5-year contract will see Cognizant support IT services for Technicolor Creative Studios' globally distributed workforce TEANECK, N.J. , Oct. 31, 2023 /PRNewswire/ -- Technicolor Creative Studios has selected Cognizant (Nasdaq: CTSH) as its global IT & Digital Transformation partner.

Technicolor Creative Studios selects Cognizant as its IT & Digital Transformation Partner

Cognizant's (CTSH) third-quarter 2023 performance is expected to have reflected growing domain expertise in its healthcare business operations.

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