Cognizant Technology Solutions Stock Price, News & Analysis

Cognizant (Nasdaq: CTSH) will announce its first quarter 2021 earnings on May 5, 2021, after the market closes. Management will host a conference call at 5:00 p.m. Eastern to discuss the results. Domestic callers can dial 877-810-9510 and international callers 201-493-6778, using the passcode 'Cognizant Call'. A live stream will be available on their Investor Relations website. A replay will be accessible until May 19, 2021 via designated phone numbers and will also be available online for 60 days.

Cognizant (Nasdaq: CTSH) has partnered with SailGP as its Official Digital Transformation Partner for several years. This collaboration aims to enhance the viewer experience for SailGP's 257 million fans by leveraging Cognizant's digital technology and software engineering skills. Key initiatives include improving the SailGP website and mobile app, providing real-time performance metrics, and integrating IoT technology into racing catamarans. SailGP, noted for its commitment to sustainability, is the first carbon-neutral sailing championship and promotes gender equity in sports.

Cognizant (Nasdaq: CTSH) announced the winners of the $500K Pandemic Response Challenge, aimed at leveraging data and AI for COVID-19 insights. The first place went to VALENCIA IA4COVID19 team from Spain, and JSI vs COVID from Slovenia secured second place. Both teams will share the prize, emphasizing the challenge's focus on data-driven AI to guide public health decisions and safely reopen economies amid the pandemic. Eight additional teams received honorable mentions. Cognizant seeks to implement these innovative strategies in real-world applications to assist policymakers globally.

Cognizant (CTSH) has announced a $250 million initiative to enhance economic mobility, educational opportunities, and diversity worldwide. The program aims to provide equitable educational resources, improve health and well-being, and promote inclusion, particularly for underrepresented communities. Starting in 2021, this initiative will expand grantmaking in the U.S. and India, reaching new markets including Australia, Canada, Germany, and the UK. Cognizant estimates this will impact over 4 million people and will involve 166,000 employee volunteers over five years.

Cognizant has announced partnerships with the PGA TOUR and LPGA Tour, becoming a Global Partner of the Presidents Cup and the title partner of the LPGA Tour's Founders Cup. This multiyear agreement includes benefits such as premium hospitality and brand exposure at events, enhancing Cognizant's global recognition. The Presidents Cup will occur in 2022, 2024, and 2026, while the Founders Cup will feature a $3 million purse, the largest outside major tournaments. This initiative aims to promote diversity and inclusion in golf, while allowing Cognizant to engage with clients at high-profile events.

Cognizant (Nasdaq: CTSH) announced its participation in the Goldman Sachs Technology and Internet Conference 2021. The event will be held on February 11, 2021, at 10:30 AM ET, with CEO Brian Humphries as the presenter. Live audio webcasts will be available on Cognizant's investor website, and the replay will remain accessible for 90 days post-event. Cognizant is recognized as a leading professional services company, dedicated to transforming clients' business models for the digital era.

Cognizant (Nasdaq: CTSH) reported its Q4 2020 results with revenues of $4.2 billion, a decline of 2.3% year-over-year, and a total revenue of $16.7 billion for the year, down 0.8%. The company anticipates a revenue increase for Q1 2021 between $4.34-$4.38 billion. A significant factor in the Q4 decline was the exit from a major financial services engagement, which impacted revenue by 730 basis points. Adjusted diluted EPS for Q4 was $0.67, with adjusted operating margins expected to be 15.2-16.2% for the full year 2021. Cognizant also announced a 9% increase in dividends for shareholders.