Cognizant Technology Solutions Stock Price, News & Analysis

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.

Cognizant (Nasdaq: CTSH) announced on December 7, 2021, its agreement to acquire Devbridge, a software consultancy based in Chicago. This acquisition boosts Cognizant's engineering capabilities by integrating over 600 professionals across multiple countries including Lithuania, Poland, and the United States. The deal is designed to enhance Cognizant’s software product development, aligning with market demand for agile and collaborative software solutions. The transaction is expected to close by the end of 2021, although financial details were not disclosed.

Cognizant (Nasdaq: CTSH) held a virtual Investor Briefing on Nov. 18, 2021, unveiling its growth strategy and financial targets for 2022-2024. CEO Brian Humphries emphasized the company's focus on digital services, international scaling, and enhancing client relevance. Cognizant aims for a revenue growth of 8% to 11% annually and plans to deploy free cash flow with 50% for acquisitions, 25% for share repurchases, and 25% for dividends. The briefing indicates a commitment to sustaining revenue growth and operational efficiency.

Cognizant (Nasdaq: CTSH) reported Q3 2021 revenue of $4.7 billion, up from $4.2 billion in Q3 2020. GAAP diluted EPS reached $1.03, increasing from $0.64 year-over-year. Key sectors like Financial Services and Healthcare reported growths of 5.1% and 10.0% respectively. The company repurchased 1.3 million shares for $100 million and declared a $0.24 quarterly cash dividend. For Q4, revenue guidance is set between $4.75-$4.79 billion, indicating growth of 13.5%-14.5%.

Cognizant (Nasdaq: CTSH) has partnered with Cabot Corporation (NYSE: CBT) to revamp Cabot's digital operating model. This collaboration will see Cognizant providing managed services in Application Development, Maintenance, and Infrastructure. The initiative aims to enhance Cabot's efficiency and drive its digital strategy, utilizing technologies such as AI, automation, and cloud services. Cabot’s Vice President emphasized Cognizant's strong reputation and capability in delivering transformational programs, which are essential for achieving their strategic growth goals.

Cognizant (Nasdaq: CTSH) has announced a commitment to achieve net zero emissions by 2030, reflecting its dedication to sustainable practices. The company aims to reduce emissions by 50% from its global operations and supply chain by 2030 and by 90% by 2040. Remaining emissions will be offset through carbon credits. Initiatives include developing science-based targets, investing in renewable energy, and enhancing energy efficiency. Cognizant is also focused on helping clients reduce their carbon footprints by leveraging technologies like AI and IoT.