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.

TEANECK, N.J. , June 19, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it has extended its relationship with Orkla, a leading industrial investment company.

Orkla Extends Relationship with Cognizant

Cognizant (CTSH) forms Cognizant Ocean to expand its services among Blue Economy companies.

Cognizant (CTSH) Creates New Group to Expand Into Blue Economy

New business group will  help reshape the "Blue Economy" through digital technologies that enable companies to reduce their carbon output, achieve sustainable goals and improve business outcomes  TEANECK, N.J. , June 14, 2023 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that it is has created a new business group, Cognizant® Ocean, which will focus on helping clients in the "Blue Economy" apply digital technologies, such as AI and data analytics, to improve their business outcomes, reduce their carbon output and decarbonize the oceans.

Cognizant Introduces Cognizant® Ocean to Help Ocean Industries Navigate the Effects of Over-Exploitation and Climate Change

Agreement will support the "Blue Economy" through digital solutions designed to give aquaculture and other ocean-based industries insights to help reduce their carbon output while improving business outcomes. 3.3bn people rely on the ocean for food and economic security.

Cognizant and Tidal Announce Collaboration to Help Blue Ocean Economies Accelerate Decarbonization, Starting with Blue Food

Expanded collaboration with AT&T will help shared clients navigate the path to net zero TEANECK, N.J. , June 12, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has expanded its global collaboration with AT&T by joining the AT&T Connected Climate Initiative (CCI), an industry consortium dedicated to eliminating one billion tons (the Gigaton Goal) of CO2 emissions by 2035 through the use of connectivity solutions and technology.

Cognizant Joins AT&T Connected Climate Initiative, Commits to Helping Reduce One Billion Tons of CO2 Emissions by 2035

Cognizant Technology Solutions Corporation ( CTSH , Financial) provides professional information technology and consulting services to businesses across industries ranging from banking and manufacturing to entertainment and health care, with the main goal of using technology to achieve optimal business results and adapt in a fast-changing world.

Cognizant: An AI Value Play

‘S-HERTOGENBOSCH, Netherlands & SILVERSTONE, England--(BUSINESS WIRE)--Global licensing partner stichd has signed a long-term agreement with the Aston Martin Aramco Cognizant Formula One® Team (AMF1 Team).

stichd to Become Official Merchandise Partner of Aston Martin Aramco Cognizant Formula One® Team

TEANECK, N.J. , June 6, 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:  Nasdaq Investor Conference in Partnership with Jefferies Presenter:          Ravi Kumar S, Chief Executive Officer Date:                  Tuesday, June 13, 2023  Time:                  9:30AM BST (4:30AM 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 Nasdaq Investor Conference in Partnership with Jefferies

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Cognizant (CTSH) launches Cognizant Neuro AI platform, enabling enterprises to adopt and harness generative AI at scale, reflecting a strong product portfolio and partner base.

Cognizant (CTSH) Accelerates Generative AI Adoption at Scale

ROCKFORD, Ill.--(BUSINESS WIRE)-- #B2BIntegration--Cleo, the pioneer and global leader of the Ecosystem Integration software category, and provider of the Cleo Integration Cloud (CIC) platform, today announced it has entered into a global partnership with Cognizant (NASDAQ: CTSH) to power the Cognizant Cloud Integration Brokerage (CCIB) for the enterprise market. Cognizant is one of the world's leading professional services companies. This new B2B platform-as-a-service solution, which comprises elements from Cle.

Cleo, Cognizant Form Global Cloud Integration Partnership

Platform to provide businesses with a comprehensive approach to adopting and harnessing the power of AI TEANECK, N.J. , May 15, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced a new, enterprise-wide platform, Cognizant Neuro®️ AI, designed to provide enterprises with a comprehensive approach to accelerate the adoption of generative AI technology and harness its business value in a flexible, secure, scalable and responsible way.

Cognizant Launches Cognizant Neuro®️ AI Platform to Help Companies Responsibly Deploy Generative AI at Enterprise Scale

TEANECK, N.J. , May 15, 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:  J.P.

Cognizant to Present at the J.P. Morgan 51st Annual Global Technology, Media and Communications Conference

Cognizant and Google Cloud expand long-standing strategic alliance to offer innovative industry solutions founded on the tenet of responsible artificial intelligence Powered by Google Cloud's suite of industry-leading AI products, the alliance will support enterprise customers along their AI journey to create, migrate, and modernize Cognizant will open new Google Cloud AI Innovation Centers in Bangalore, London, and San Francisco, scaling their industry-leading AI capabilities New Cognizant Google Cloud AI University to train 25,000 Cognizant professionals plus clients TEANECK, N.J. , May 9, 2023 /PRNewswire/ -- Cognizant (NASDAQ: CTSH), a leading global professional services company, and Google Cloud, a leading provider of enterprise cloud computing, today announced an expanded partnership to accelerate the adoption of artificial intelligence (AI) by businesses around the world.

Cognizant and Google Cloud Expand Alliance to Bring AI to Enterprise Clients

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Cognizant Technology Solutions Corporation (NASDAQ:CTSH ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Tyler Scott - Vice President, Investor Relations Ravi Kumar - Chief Executive Officer Jan Siegmund - Chief Financial Officer Conference Call Participants Lisa Ellis - MoffettNathanson Bryan Bergin - TD Cowen Ashwin Shirvaikar - Citi Surinder Thind - Jefferies Bryan Keane - Deutsche Bank Operator Ladies and gentlemen, welcome to the Cognizant Technology Solutions First Quarter 2023 Earnings Conference Call. [Operator Instructions] Thank you.

Cognizant Technology Solutions Corporation (CTSH) Q1 2023 Earnings Call Transcript

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.

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