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Cognizant Technology Solutions (NASDAQ: CTSH), a global leader in digital transformation and IT services, provides this centralized hub for investors and professionals tracking its strategic developments. Access up-to-date press releases, earnings reports, and announcements covering CTSH's consulting innovations, AI-driven solutions, and industry partnerships.
This resource offers critical insights into Cognizant's operational milestones, including cloud infrastructure projects, cybersecurity advancements, and cross-sector digital modernization initiatives. Users will find organized updates on mergers/acquisitions, leadership changes, and technology deployments across healthcare, finance, and retail verticals.
Bookmark this page for structured access to Cognizant's verified corporate communications, enabling efficient tracking of performance indicators and strategic direction. Regular updates ensure stakeholders maintain awareness of CTSH's role in shaping enterprise technology landscapes.
Cognizant (NASDAQ: CTSH) announced its agreement to acquire AustinCSI, a consultancy focused on enterprise cloud and data analytics advisory services. This acquisition aims to enhance Cognizant's consulting capabilities, leveraging AustinCSI's expertise to meet increasing client demand for digital transformation. With over 175 consultants, AustinCSI specializes in optimizing business outcomes across industries like telecommunications and automotive. The deal is expected to close in Q4 2022 and supports Cognizant's strategy of expanding its advisory services in technology areas such as AI, cloud, and IoT.
Cognizant (NASDAQ: CTSH) has been recognized as a Leader in the Life Sciences Digital Services Peak Matrix® Assessment 2022 by Everest Group. This accolade emphasizes Cognizant's domain expertise and expanding portfolio in life sciences, particularly in medical device enhancements and clinical trials. The assessment reviewed 31 global digital providers, highlighting Cognizant's partnerships with notable firms like Philips and Medidata, alongside its strategic acquisitions such as TQS and Zenith. The company's innovative solutions like OneCare and Neuro are also acknowledged for meeting industry needs.
Cognizant (Nasdaq: CTSH) has been selected by VodafoneZiggo to enhance its cloud infrastructure and mobile network services over a five-year managed services agreement. This partnership aims to improve service availability and reliability, benefiting over 5 million customers in The Netherlands. Cognizant will automate and streamline VodafoneZiggo's IT operations, reducing total ownership costs and accelerating service deployments. The collaboration is positioned to support VodafoneZiggo's growth amidst increasing demand for digital services.
Cognizant (CTSH) reported Q3 2022 revenue of $4.9 billion, a 2.4% increase year-over-year, with operating margin rising to 16.4%. Despite fulfilling challenges and a tough macroeconomic landscape, the company remains optimistic about future growth. Free cash flow was $953 million and significant shareholder returns included $1.5 billion in buybacks and dividends year-to-date. The outlook for Q4 revenue is projected between $4.72 billion and $4.77 billion, reflecting slight declines but positive growth in constant currency.
Cognizant (NASDAQ: CTSH) announced an agreement to acquire the professional services and application management practices of OneSource Virtual, a Workday partner based in Dallas, Texas. This acquisition aims to enhance Cognizant’s existing finance and HR advisory services, expanding its capabilities in consulting, deployment, and post-deployment support across North America and the UK. Cognizant will gain nearly 400 employees, boosting its expertise in Workday implementation. The acquisition is expected to close by year-end 2022, subject to conditions, though financial details were not disclosed.
Cognizant and Qualcomm have announced the opening of a new 5G Experience Center in Atlanta aimed at accelerating digital transformation across various industries. This center will leverage Cognizant's expertise in IoT, cloud, and data analytics alongside Qualcomm's 5G connectivity solutions to support enterprises. The center will focus on showcasing use cases in manufacturing and supply chain management, facilitating advanced solutions like autonomous mobile robots and enhanced video analytics to improve operational efficiencies.
Botminds Inc. is set to host its inaugural partnership conference, Fusion 2022, on
Cognizant (Nasdaq: CTSH) will announce its third-quarter 2022 earnings on November 2, 2022, after market close. Following this, management will hold a conference call at 5:00 p.m. (Eastern) to discuss the company's operating performance. Interested participants can dial in at 877-810-9510 for domestic and 201-493-6778 for international calls. A replay will be available until November 16, 2022. More details can be found on the Cognizant Investor Relations website.
Cognizant has strengthened its partnership with Centrica, the UK's largest energy services provider, to enhance IT infrastructure management and application testing. This extended engagement aims to deliver flexible and efficient services for Centrica's ten million customers. Cognizant will provide a mix of application management and cloud support, improving the performance of IT systems and consumer applications. This collaboration follows a long-standing relationship that dates back to 2005, focusing on digital transformation and infrastructure security.
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