Cognizant Technology Solutions Stock Price, News & Analysis

Cognizant (Nasdaq: CTSH) announced the appointment of Stephen Rohleder to its Board of Directors as an independent director, effective March 2, 2022. Rohleder, with 35 years of experience at Accenture, served as Chief Operating Officer and Group Chief Executive for North America. He also led GTY Technology Holdings as Chairman, CEO, and President. His extensive background in consulting and software industries is expected to enhance Cognizant's digital offerings, aiding clients in modernizing their businesses.

Cognizant (Nasdaq: CTSH) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference scheduled for March 7, 2022, at 1:20 PM ET. CEO Brian Humphries will present at this investor event. Live audio webcasts can be accessed on Cognizant's investor website, with recordings available for 90 days post-event. Cognizant focuses on modernizing technology and transforming business processes to enhance client experiences.

For more details, visit Cognizant's investor page.

Cognizant (Nasdaq: CTSH) has partnered with Microsoft to launch a new digital health solution aimed at enhancing remote patient monitoring. This solution integrates Microsoft Cloud for Healthcare, utilizing devices like smart watches and blood pressure monitors to gather patient data. Built-in analytics will aid healthcare providers in identifying chronic conditions early. The initiative aims to improve patient engagement and care, particularly beneficial as chronic diseases are projected to contribute to 70% of global deaths by 2030.

Cognizant (Nasdaq: CTSH) has renewed its contract with Volvo Cars for finance and accounting (F&A) and procurement services for a three-year term. The agreement aims to streamline global accounts payable, receivable, and logistics, enhancing efficiency through Intelligent Process Automation (IPA). Cognizant will implement best practices in invoice processing and customer support, contributing to cost reductions and improved business outcomes. Since 2011, Cognizant has partnered with Volvo, and this renewal reflects its commitment to advancing Volvo's digital transformation.

Cognizant (Nasdaq: CTSH) reported strong financial results for Q4 and FY 2021, showcasing revenue growth of 14.2% year-over-year in Q4, reaching $4.8 billion. Full-year revenue hit $18.5 billion, up 10.8% from the previous year. Adjusted diluted EPS increased to $1.10 for Q4 and $4.12 for FY 2021. The company anticipates a revenue forecast of $20.0-$20.5 billion for FY 2022, implying steady growth. Additionally, Cognizant announced a 12% dividend increase, emphasizing a robust capital strategy.

DJE Holdings, Inc. announced the acquisition of Mustache LLC, a Brooklyn-based content agency, expected to close by February 2022. Mustache will enhance DJE's Strategic Sector Agencies (SSAs) portfolio, which includes brands like Revere and Salutem. Mustache, previously under Cognizant (Nasdaq: CTSH), will retain its branding while continuing to serve clients such as Netflix. The acquisition aims to boost creative and digital capacities, leveraging Mustache's expertise to meet increasing content demands across DJE's client base.

Cognizant (Nasdaq: CTSH) will announce its fourth-quarter 2021 results on February 2, 2022, after market close. Following the announcement, a conference call will be held at 5:00 p.m. Eastern for discussing operational performance. Domestic participants can join by calling 877-810-9510, while international callers should dial 201-493-6778. The call will also be accessible live on the company's Investor Relations website. For those unable to attend, a replay will be available until February 16, 2022.

Uptake has partnered with Cognizant (Nasdaq: CTSH) to enhance data management in the energy and utilities sectors. The collaboration integrates Uptake Fusion with Cognizant's consulting and application services, providing advanced analytics and asset performance management. This joint effort aims to optimize operational technologies, enabling companies to efficiently utilize their existing data for better insights. By facilitating connections to crucial operational technology systems, this partnership seeks to accelerate the adoption of Industrial AI.

Cognizant (Nasdaq: CTSH) has been recognized as a leading provider of healthcare automation solutions by Everest Group in its 2022 Intelligent Automation in Healthcare PEAK Matrix® Assessment. This acknowledgment highlights Cognizant's robust partnership ecosystem and strategic investments in Robotic Process Automation, AI, and cloud-based platforms, which enhance operational efficiency and patient care. The company's notable clients include UiPath and Philips HealthSuite, with innovative offerings like the Cognizant Neuro platform strengthening its market position.