Cognizant Technology Solutions Stock Price, News & Analysis

Cognizant Foundation India is celebrating its 20th anniversary of community impact in India. Over the past two decades, the foundation has partnered with over 300 non-profit organizations and implemented more than 600 projects, positively impacting millions of disadvantaged people across the country. The foundation focuses on empowering people with disabilities, promoting holistic child development, and fostering gender equality.

Recent efforts have centered around Health4All and Future4All initiatives, including projects for quality healthcare access, inclusive learning, STEAM education, and technology-enabled skilling. In 2023-24, Cognizant Foundation India supported 101 projects with 40 non-profit organizations, reaching hundreds of thousands of people. Notable projects include developing Blimey, a cloud-based learning platform for visually impaired individuals, and collaborating with Help the Blind Foundation to provide smart vision glasses and training.

Cognizant (NASDAQ:CTSH) has been ranked #7 on Fortune's 2024 Change the World list, recognizing the company's Synapse initiative aimed at advancing technology job training for 1 million people worldwide by 2026. The Fortune list, now in its 10th year, celebrates companies that innovatively address societal and environmental problems while benefiting their business.

Cognizant's recognition in the Tech Educator category highlights the impact of Synapse, which aims to create pathways to future jobs by partnering with clients, technology partners, and nonprofits. The initiative focuses on equipping individuals with essential technology skills for the workforce of the future, demonstrating Cognizant's commitment to talent development and community investment.

alwaysAI, a pioneer in Vision AI technology, has announced strategic collaborations with industry leaders including Cognizant, Becker Mining Systems, Instituto De Ingenieros De Minas Del Perú (IIMP), MAC Distribución, Servicios y Proyectos Mineros de Mexico, Blaize, Eagle Eye Networks, and VSA Capital. These partnerships aim to enhance productivity, safety, and efficiency across various sectors, particularly in mining and manufacturing.

The collaborations will focus on integrating alwaysAI's Vision AI technology to improve real-time monitoring, customizable analytics, and actionable insights. Key benefits include improved safety in underground mining operations, optimized mining productivity, and enhanced decision-making capabilities. The partnerships also aim to accelerate the adoption of AI-driven insights and edge computing solutions.

Cognizant and Aston Martin Aramco Formula One® Team celebrated their successful three-year partnership at Cognizant's MEPZ campus in Chennai. Two-time Formula One® World Champion Fernando Alonso attended the event, joining Cognizant's leadership and associates.

Since 2021, Cognizant has revolutionized technology use within the Aston Martin F1® Team, enhancing operations, IT infrastructure, and driving innovation both on and off the track. The visit was part of 'Celebrating Cognizant', a four-month series of activities bringing together associates.

Alonso provided insights into the intersection of technology and racing, while fans had the opportunity to engage directly with the Spanish driver. The event highlighted Cognizant's impact on racing performance and technological advancements in the sport.

Both Alonso and Lawrence Stroll, Executive Chairman of Aston Martin Aramco Formula One® Team, emphasized the partnership's success in improving results and shaping the team's future. Ravi Kumar S, CEO of Cognizant, reinforced the collaboration's demonstration of technology's transformative power and the importance of teamwork in innovation.

mecwacare, a Victorian aged care provider, has partnered with Cognizant (Nasdaq: CTSH) for a multi-year digital transformation program. The initiative aims to modernize mecwacare's IT systems, optimize service delivery, and leverage data, analytics, and AI. Cognizant will implement an integrated platform powered by Salesforce and Workday to enhance person-centered care and operational efficiency.

Key objectives include:

• Improving client and workforce experiences
• Enabling data-driven decision-making at the point of care
• Revolutionizing service delivery with a holistic, person-centric approach
• Enhancing operational effectiveness and care quality

This significant investment underscores mecwacare's commitment to innovation and excellence in aged care services, addressing the growing needs of clients and families while strengthening Cognizant's presence in the public sector and health industry.

The England and Wales Cricket Board (ECB) has partnered with Cognizant (Nasdaq: CTSH) to enhance the digital experience for recreational cricket. As the Official Digital Technology Transformation Partner, Cognizant will develop integrated digital products to simplify administrative tasks and improve engagement for fans, players, and volunteers. The first phase is set to launch in 2025.

Cognizant will also support broader digital initiatives, including an annual innovation fund to test early-stage innovations for growing the game. This partnership aims to streamline cricket operations, enhance fan engagement, and facilitate the sport's growth in England and Wales through advanced technology solutions.

Cognizant (NASDAQ: CTSH) has announced a partnership with KOMBIT, a municipally owned IT company in Denmark, to transform public service application testing. The collaboration aims to enhance quality assurance and operational efficiency across 26 public service apps used by 98 Danish municipalities. Cognizant will implement Testing-as-a-service using advanced automation techniques and AI integration to improve application functionality, security, and user experience.

The partnership introduces a new standard for testing and quality assurance in Denmark by separating development tasks from testing tasks. This strategic division allows development suppliers to focus on innovation while Cognizant-KOMBIT ensures quality and optimization. Cognizant has also partnered with TestHuset to provide on-premises experts, complementing their global team and offering unparalleled support to KOMBIT.

Cognizant (Nasdaq: CTSH), a leading IT, consulting, and business process services provider, has announced its participation in the Goldman Sachs Communacopia + Technology Conference. The presentation will be delivered by Jatin Dalal, Chief Financial Officer, on Wednesday, September 11, 2024, at 10:10 AM PST / 1:10 PM EST.

Investors and interested parties can access a live audio webcast of the presentation through Cognizant's website at http://investors.cognizant.com. The webcast replay will remain available on the company's website for 90 days following the event, providing an opportunity for those unable to attend the live presentation to catch up on the information shared.

Cognizant (NASDAQ: CTSH) has completed the acquisition of Belcan for $1.3 billion in cash and stock. This strategic move strengthens Cognizant's engineering capabilities, particularly in Engineering Research & Development (ER&D) services for aerospace, defense, space, marine, and industrial sectors. Belcan brings over 6,500 engineers and technical consultants, enhancing Cognizant's expertise in embedded software, mechanical, electrical, and systems engineering.

The acquisition, first announced in June 2024, bolsters Cognizant's leadership in Internet of Things (IoT) and Digital Engineering while expanding its presence in the high-growth aerospace and defense services market. Cognizant CEO Ravi Kumar S. emphasized the combined capabilities and global scale will enable delivery of high-quality solutions to a diverse customer base worldwide.