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 (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 (CTSH) reported strong Q4 2024 results with revenue of $5.1 billion, up 6.8% year-over-year, reaching the high end of guidance. Full-year 2024 revenue increased 2.0% to $19.7 billion.
Key highlights include: operating margin improvement to 14.7% (up 80 basis points), trailing 12-month bookings of $27.1 billion (up 3%), and record 29 large deals closed during the year. The company returned $1.2 billion to shareholders through share repurchases and dividends.
Looking ahead to 2025, Cognizant projects revenue growth of 3.5% to 6.0% in constant currency, with Adjusted Operating Margin expected between 15.5% to 15.7%. The quarterly dividend was increased by 3% to $0.31 per share for Q1 2025.
Cognizant (CTSH) has announced an expanded partnership with Medidata, a Dassault Systèmes brand specializing in clinical trial solutions. The multi-year renewal agreement focuses on providing enhanced support for Medidata's life sciences clients through a dedicated team of platform specialists serving pharmaceutical, biotech, medical device, and contract research organizations.
The collaboration aims to maximize Medidata's value proposition by improving user satisfaction and streamlining clinical trial development. Key aspects include customer success, patient service desk, implementation, engineering, integrations, and user acceptance testing services. The partnership will leverage Medidata's AI-powered technologies, including Clinical Data Studio, Health Record Connect, and myMedidata patient portal, combined with Cognizant's network of Medidata Certified Services Professionals.
Cognizant (NASDAQ: CTSH) has expanded its partnership with Gilead Sciences (NASDAQ: GILD) to enhance value creation through advanced technology applications. The expanded agreement focuses on delivering cost leadership and productivity improvements through AI-driven solutions.
The collaboration will leverage Cognizant's Neuro AI generative AI platform to accelerate value creation, enhance IT and business processes, and improve operational efficiencies across customer service, employee interactions, and business value management. The partnership aims to generate significant cost savings that can be reinvested into Gilead's core life sciences business.
Building on their decade-long relationship supporting Gilead's global IT infrastructure, Cognizant will implement custom-built Gen AI solutions to transform user experience and boost operational efficiency. This expansion enables Gilead to focus on its mission of developing treatments for cancer, HIV, and other diseases while optimizing its technological capabilities.
Cognizant (CTSH) and McDonald's (MCD) have announced a multi-year extension of their strategic partnership that began in 2017. The renewed agreement focuses on enhancing McDonald's operations through advanced technology solutions, particularly in Global Finance Systems and Human Capital Management.
The partnership will continue supporting key enterprise areas including payroll processing, franchisee management, master data management, and legal applications. Cognizant plans to implement its proprietary platforms such as Cognizant Neuro® IT Operations and SkygradeTM to improve McDonald's systems' observability, reliability, and agility.
The collaboration will leverage Cognizant's expertise in Cloud, Enterprise AI, and Generative AI, combined with their experience in the Food Services industry, to drive innovation and operational excellence in McDonald's global operations.
Cognizant (NASDAQ: CTSH) and CrowdStrike (NASDAQ: CRWD) have announced a strategic partnership to enhance enterprise cybersecurity transformation. The collaboration will leverage CrowdStrike's AI-native Falcon® platform, combining it with Cognizant's Neuro® Cybersecurity platform to deliver comprehensive security services.
The partnership aims to address critical challenges in the cybersecurity landscape, including a 110% surge in cloud exploitation cases and increasingly sophisticated cyberattacks. The solution will help organizations streamline security operations, consolidate legacy point products, and strengthen their overall cybersecurity posture through Falcon® Next-Gen SIEM and Falcon® Cloud Security.
This initiative responds to the growing complexity of IT landscapes across various cloud services (IaaS, SaaS, PaaS, CaaS) and addresses the widening cybersecurity skills gap. The partnership focuses on creating a flexible operations framework powered by AI-native platforms, moving away from separate legacy tools.
Cognizant (NASDAQ: CTSH) and Oxford Economics released a study revealing AI's significant impact on consumer spending by 2030. The research predicts that AI enthusiasts aged 18-44 will drive $4.4 trillion of AI-influenced consumer spending in the U.S., with additional projections of $690 billion in the U.K., $669 billion in Australia, and $539 billion in Germany.
The study identifies three key phases in the AI-transformed purchasing journey: Learn, Buy, and Use. While 47% of consumers are comfortable using AI in the discovery phase, only 16% of those 55+ feel comfortable using AI during the buying phase. The research, based on 8,400 respondents across four countries, shows that 75% of consumers are unlikely to allow AI to automatically handle high-value transactions.
To capitalize on these trends, Cognizant launched Cognizant Moment™ to help clients leverage AI for customer experience enhancement and introduced the Synapse program for global tech education and workforce development.
Cognizant (NASDAQ:CTSH) has launched its Neuro® AI Multi-Agent Accelerator and Multi-Agent Service Suite, designed to accelerate AI agent development and adoption for business process transformation. The no-code development framework includes pre-built reference agent networks for various enterprise functions like Sales, Marketing, Finance, and Investor Relations.
The solution offers key features including accelerated agentification through pre-built networks, fast customization using natural language, scalable distributed operations, and flexibility in AI and cloud provider choice. The framework enables businesses to rapidly prototype, customize, and scale multi-agent systems while maintaining security and compliance requirements.
Early implementations have shown success, with an insurance company improving investor relations and call analysis, and a healthcare company speeding up medical appeal processing times through Cognizant's multi-agent solutions.
Cognizant (CTSH) has announced it will release its fourth quarter 2024 earnings on Wednesday, February 5, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern time to discuss the quarterly performance.
Investors can participate through domestic (877-810-9510) or international (201-493-6778) dial-in numbers. The call will also be available via live webcast on Cognizant's Investor Relations website. A replay will be accessible until February 19, 2025, through both phone dial-in and the company website.
Cognizant (NASDAQ:CTSH) has announced the launch of Stores 360, a comprehensive retail solution developed with ServiceNow. The solution integrates Cognizant Neuro® AI platform and generative AI to transform store operations and enhance customer experiences.
The solution promises significant operational improvements, including:
- 10-20% reduction in new store opening time
- 30-40% cut in store operating expenses
- Up to 98% uptime for store systems
- 10% reduction in truck rolls
Stores 360 comprises three sub-offerings: new store opening, store management, and store asset management. The platform leverages AI for store location recommendations, real-time insights, and efficient field services management, while integrating retailers' ecosystems to promote consistent experiences across all channels.
Cognizant CEO Ravi Kumar S has been awarded the prestigious Pravasi Bharatiya Samman Award, the highest recognition given by the Indian government to overseas Indians. The award was presented by India's President at the Pravasi Bharatiya Divas Convention in Bhubaneswar.
Under Kumar's leadership, Cognizant launched the Synapse initiative in 2024, targeting to train one million people globally in emerging technologies by 2026, with emphasis on AI. The program has already reached over 275,000 individuals and is supported by more than $70 million in philanthropic funds.
Cognizant, with nearly 70% of its 340,000 global workforce based in India, maintains its position as the second-largest multinational employer in India's technology sector. The company operates across multiple Indian cities and focuses on advancing AI-first capabilities, driving innovation, and strengthening India's position as a global digital talent hub.
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