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) announced its third quarter 2021 earnings release set for October 27, 2021, after market close. Management will host a conference call at 5:00 p.m. Eastern to discuss performance. A virtual Investor Briefing will occur on November 18, 2021, featuring insights on strategy and financial outlook from CEO Brian Humphries and CFO Jan Siegmund. Call details and live streaming are available on Cognizant's Investor Relations website, ensuring accessibility for stakeholders.
Cognizant (Nasdaq: CTSH) has acquired the digital engineering assets of Hunter Technical Resources, a project management agency based in Atlanta, Georgia. This acquisition enhances Cognizant's digital engineering resources and expands its talent network in the U.S. Hunter specializes in full stack development, machine learning, DevOps, and data science. This is Cognizant's sixth acquisition in 2021 and its third in digital engineering, aiming to strengthen its position in high-demand tech fields and support clients' digital transformation efforts.
Cognizant (CTSH) reported strong second quarter 2021 results, with revenue of $4.6 billion, up from $4.0 billion in Q2 2020. GAAP diluted EPS increased to $0.97 from $0.67. Key business segments showed growth: Financial Services by 7.6%, Healthcare by 14.5%, Products and Resources by 21.7%, and Communications, Media, and Technology by 21.2%. The company plans to return capital to shareholders with a $0.24 dividend and $296 million in share repurchases. For Q3, revenue is expected to be between $4.69-$4.74 billion, projecting full-year growth of 10.2-11.2%.
Cognizant (Nasdaq: CTSH) announced its acquisition of TQS Integration, a global industrial data and intelligence company based in Ireland, on July 20, 2021. This acquisition aims to enhance Cognizant's capabilities in smart manufacturing, particularly for life sciences clients, by leveraging TQS's data intelligence and consulting services. By combining their strengths, Cognizant plans to accelerate clients' transitions to Industry 4.0, improving operational efficiency and product quality. The deal is expected to close in Q3 2021, but financial details remain undisclosed.
Cognizant (Nasdaq: CTSH) will announce its second quarter 2021 earnings on July 28, 2021, after market close. The company will hold a conference call at 5:00 p.m. Eastern the same day to discuss the results. Domestic callers can join by dialing 877-810-9510 and international callers can dial 201-493-6778. A replay of the call will be available until August 11, 2021. Cognizant is a leading provider of information technology and consulting services, ranked 185 on the Fortune 500.
Royal Philips (NYSE: PHG) and Cognizant (Nasdaq: CTSH) announced a collaboration on July 8, 2021, to develop comprehensive digital health solutions. This alliance combines Philips HealthSuite, a cloud-based platform, with Cognizant's digital engineering expertise to enhance patient care and accelerate clinical trials. The partnership aims to improve healthcare delivery through advanced data analytics and connectivity, facilitating remote patient monitoring and enhancing clinical trial efficiency. The initiative supports life sciences companies in making data-driven decisions faster.
Guidewire Software (GWRE) announced Cognizant as the first partner to achieve the Guidewire InsuranceNow specialization. This award recognizes Cognizant's exemplary skills and commitment in supporting InsuranceNow deployments, enabling enhanced service for their insurance clients. Cognizant aims to provide mid-tier insurers with digital platforms that improve speed, operational efficiency, and innovation. The InsuranceNow platform is designed for regional insurers, allowing for rapid implementations and regular upgrades.
Cognizant (Nasdaq: CTSH) has been named the presenting partner of THE JOHN SHIPPEN Shoot-Out, taking place on June 28 at Detroit Golf Club. This three-hole shoot-out aims to support diversity in golf by offering a champion from the women's field a sponsor's exemption to compete in the Cognizant Founders Cup. The event is part of Cognizant's ongoing commitment to promoting equal opportunities and inclusivity within the sport. This initiative follows the launch of THE JOHN SHIPPEN Invitational, focused on expanding Black representation in golf.
Cognizant (Nasdaq: CTSH) has established a new Google Business Group (GBG) to enhance cloud modernization for shared customers. This initiative strengthens their alliance with Google Cloud, enabling comprehensive service offerings including consulting, implementation, and migration services. Cognizant's team of Google Cloud-certified experts aims to transform business operations in sectors like retail, healthcare, and financial services. The collaboration focuses on developing agile infrastructures that capitalize on cloud technology to improve customer experiences and facilitate data-driven insights.
Cognizant (Nasdaq: CTSH) has renewed its partnership with Aker Solutions to enhance its IT infrastructure and digital solutions over the next five years. This collaboration aims to modernize Aker's business technology network, leading to improved productivity and reduced operational costs. Cognizant's agile support will expedite project delivery, focusing on energy production and sustainable practices. Aker Solutions seeks to tackle increasing demand while minimizing environmental impact, and Cognizant’s investment in digital technologies positions it as a key partner in this transition.