Welcome to our dedicated page for Cognizant Technology Solutions news (Ticker: CTSH), a resource for investors and traders seeking the latest updates and insights on Cognizant Technology Solutions stock.
Cognizant Technology Solutions reports news on its role as a technology services provider and AI builder for enterprise clients. Company updates commonly cover full-stack AI solutions, secure and governed AI deployment, ServiceNow implementation and managed services engagements, and IT modernization work for large organizations.
Recurring developments also include quarterly financial results, bookings trends, investor conference participation, AI Lab patent activity, and the Cognizant Innovation Network, its corporate investment arm focused on enterprise software startups in AI, data, cybersecurity and cloud. News may also include updates from Belcan, a Cognizant company serving aerospace, defense, space, automotive, industrial, marine and government services markets.
Cognizant (Nasdaq: CTSH) will announce its second quarter 2022 earnings results on July 27, 2022, post-market close. Management will hold a conference call at 5:00 p.m. Eastern to discuss the quarter's performance. Domestic participants can dial 877-810-9510, while international callers can reach 201-493-6778. A live broadcast will be available on the Investor Relations website, with replays accessible until August 10, 2022. Investors can expect insights into operations and financial metrics affecting the company's outlook.
Cognizant has been selected as a strategic technology provider by National Insurance Company Limited (NICL) in India to enhance its digital transformation efforts. This multi-year contract includes managing a centralized web-based core insurance solution, incorporating technologies like artificial intelligence, machine learning, and automation. The collaboration aims to improve customer experience in applications, claims processing, and underwriting, while ensuring operational efficiency and compliance.
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Cognizant (Nasdaq: CTSH) will present at MoffettNathanson's 4th Annual Payments, Processors, and IT Services Summit on May 12, 2022, at 1:00 PM ET. CEO Brian Humphries will represent the company during the presentation. Investors can listen to the live audio webcast on Cognizant's website, with a replay available for 90 days. Cognizant focuses on modernizing technology and transforming business processes to improve everyday life. For additional information, visit www.cognizant.com.
Cognizant (CTSH) reported Q1 2022 revenue of $4.8 billion, up 9.7% year-over-year, with digital revenue growing 20%. Operating cash flow stood at $306 million, and free cash flow at $186 million. Trailing 12-month bookings reached $23.4 billion, resulting in a book-to-bill ratio of 1.2x. For Q2 2022, revenue is projected between $4.90-$4.94 billion, indicating growth of 6.8%-7.8%. The company declared a quarterly dividend of $0.27 per share, payable on May 31, 2022.
Cognizant (Nasdaq: CTSH) announced it will release its first quarter 2022 earnings on May 4, 2022, after market close. A conference call to discuss the results will be held at 5:00 p.m. Eastern on the same day. Participants can join the call using provided numbers and passcode. A replay will be available for those who cannot attend live. The conference call can also be accessed via Cognizant's Investor Relations website. The company focuses on modernizing technology and transforming business processes.
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.