Cognizant Technology Solutions (CTSH) is gaining momentum into the life science and healthcare domain with its recent partnership with Alphabet’s (GOOGL) cloud business, Google Cloud. As part of the expanded collaboration, Cognizant has introduced a suite of healthcare large language model (LLM) solutions leveraging Alphabet’s cloud business, Google Cloud’s generative AI technology, including the Vertex AI platform and Gemini models. The solutions are aimed to streamline complex administrative processes and ...

Generative AI solutions address high-touch areas throughout the healthcare value chain to drive unified experiences and improve business outcomes for healthcare organizations. TEANECK, N.J., June 13, 2024 /PRNewswire/ -- As part of an expanded partnership announced last August, Cognizant (NASDAQ: CTSH) has launched the first set of healthcare large language model (LLM) solutions on Google Cloud's generative AI (genAI) technology, including the company's Vertex AI platform and Gemini models, aimed at redesig ...

Cognizant Technology Solutions (CTSH) is expanding its footprint in the Aerospace and Defense Market by signing a definitive agreement to acquire Belcan, a leading global supplier of digital engineering services. The acquisition, valued at approximately $1.3 billion in cash and stock, will enhance Cognizant’s capabilities in mission-critical Engineering Research & Development (ER&D) services across key sectors, including aerospace, defense, space, marine, and industrial. With Belcan’s deep domain expertise, ...

Significantly expands access to the ~$190 billion rapidly growing, specialized Engineering Research & Development services market Immediately accelerates growth opportunity through presence in attractive aerospace & defense sector with established blue-chip clients Expected to deliver >$100 million in annual revenue synergies within three years and to be accretive to 2026 EPS Cognizant to host investor conference call to discuss transaction on June 10, 2024 at 8:30 a.m. Eastern TEANECK, N.J., June 10, 2024 ...

Cognizant WorkNEXT™ with Nexthink Dex Ops technology aims to bring intelligence and insights to enterprise IT support and transform digital workplace experience TEANECK, N.J., June 6, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) is teaming up with Nexthink to transform enterprise digital experience operations with Cognizant's WorkNEXT™ platform. Under the agreement, Cognizant will apply its deep expertise in digital workplace services and its portfolio of tools with Nexthink's flagship product, Nexthink In ...

TEANECK, N.J., May 17, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced its participation in the following investor conferences: J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference Presenter: Ravi Kumar S, Chief Executive Officer Date: Tuesday, May 21, 2024 Time: 11:30AM EST TD Cowen 52nd Annual Technology, Media & Telecom Conference Presenter: Jatin Dalal, Chief Financial Office ...

Did you analyze how Cognizant (CTSH) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this information technology consulting and outsourcing firm, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities. In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and ...

Cognizant Technology Solutions (CTSH) reported first-quarter 2024 non-GAAP earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 0.9% and increased 0.9% year over year. Revenues of $4.76 billion beat the consensus mark by 0.83%. The top line decreased 1.1% year over year and 1.2% at constant currency (cc). Acquisitions contributed 70 basis points (bps) to top-line growth. On a trailing twelve-month basis, bookings increased 1% year over year to $25.9 billion, which represented a book-to-bi ...

财务数据和关键指标变化 - 第一季度收入为48亿美元,环比持平,同比下降1%,主要受到不确定的经济环境和地缘政治风险的影响 [11] - 调整后的营业利润率为15.1%,同比提升50个基点,得益于成本优化策略的执行 [11] - 自由现金流为1.6亿美元,受到之前支付3.6亿美元印度税款的影响 [46][47] 各条业务线数据和关键指标变化 - 医疗健康和通信媒体技术板块实现了环比增长,抵消了金融服务和产品资源板块的下滑 [14] - 金融服务板块受到较大影响,但银行和金融服务业务(占60%)实现了环比增长,看好自动化和智能运营业务的机会 [14] - 制造和产品板块保持稳定,公用事业客户的基础设施现代化需求持续 [42] 各个市场数据和关键指标变化 - 北美市场仍是主要收入来源,但公司正在努力拓展亚太地区市场,本季度有2个超过1亿美元的大单来自亚太地区 [12][63] 公司战略和发展方向及行业竞争 - 公司继续推进简化和卓越运营计划,提升运营效率和客户满意度 [8] - 加大对生成式AI的投资和应用,与微软、英伟达等科技公司建立合作,帮助客户实现数字化转型 [23][26][27][28] - 通过收购Thirdera等公司,拓展ServiceNow等新兴技术领域的能力 [34] - 行业内普遍面临需求不确定性和地缘政治风险,公司正专注于帮助客户实现成本节约和提高生产力 [9][10] 管理层对经营环境和未来前景的评论 - 当前需求环境仍然不确定,客户倾向于优先投资能带来短期成本节约和支持未来创新的项目 [9][10] - 难以预测discretionary支出何时恢复,但公司将继续投资于学习、人才、平台和创新,为未来做好准备 [19] - 对于2024年全年,公司预计收入将下降2%至增长2%,调整后营业利润率为15.3%-15.5% [51][54] 问答环节重要的提问和回答 问题1 **Bryan Bergin 提问** 询问Q1业绩超预期的原因,以及Q2-Q4的收入走势 [59][60] **Ravi Kumar 回答** 公司保持了较好的大单签约势头,同时通过收购等手段带来一定的收入贡献,但小额discretionary项目仍然疲软,公司保持谨慎态度给出了较宽的指引区间 [60][61][62][63][64] 问题2 **Tien-Tsin Huang 提问** 询问未来几个季度的订单情况,新签订单与续签订单的比例 [72][73] **Ravi Kumar 回答** 大单订单势头良好,但0-1000万美元的小额discretionary订单仍然疲软,公司正在密切关注 [73][74][75] 问题3 **Jason Kupferberg 提问** 询问生成式AI对软件开发人员角色的影响,以及公司当前的生成式AI项目规模 [99][100] **Ravi Kumar 回答** 生成式AI有望大幅提升软件开发人员的生产力,公司正在投资于底层基础设施、生产力研究等,帮助客户更好地应用这一技术 [100][101][102][103][104][105]

Cognizant (CTSH) reported $4.76 billion in revenue for the quarter ended March 2024, representing a year- over-year decline of 1.1%. EPS of $1.12 for the same period compares to $1.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.73 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +0.90%, with the consensus EPS estimate being $1.11. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...