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Cognizant (CTSH) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-02 06:10
Cognizant (CTSH) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 0.90%. A quarter ago, it was expected that this information technology consulting and outsourcing firm would post earnings of $1.04 per share when it actually produced earnings of $1.18, delivering a surprise of 13.46% ...
Cognizant(CTSH) - 2024 Q1 - Quarterly Report
2024-05-02 05:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 0-24429 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 13-3728359 (S ...
Cognizant(CTSH) - 2024 Q1 - Quarterly Results
2024-05-02 04:03
Exhibit 99.1 COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS • Revenue of $4.8 billion declined 1.1% year-over-year, or declined 1.2% in constant currency1, which was above the high-end of our guidance range • Operating margin of 14.6%, flat year-over-year, and Adjusted Operating Margin1 of 15.1%, which expanded 50 basis points year-over-year • Trailing 12-month bookings of $25.9 billion; book-to-bill of 1.3x • $284 million returned to shareholders through share repurchases and dividends • 2024 revenue guidanc ...
Cognizant (CTSH) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-30 00:51
Cognizant Technology Solutions (CTSH) is scheduled to report its first-quarter 2024 results on May 1. CTSH expects first-quarter 2024 revenues to be between $4.68 billion and $4.76 billion, indicating a decline of 2.7% to 1.2%. Acquisitions are expected to contribute 100 bps and 20 bps positive impact from favorable forex. The Zacks Consensus Estimate for the first quarter is pegged at $4.72 billion, indicating a year-over-year decline of 1.89%. The consensus mark for earnings is pegged at $1.11 per share, ...
Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
Prnewswire· 2024-04-28 22:01
The collaboration seeks to accelerate speed to market, operational efficiency and improved customer and employee experience for Telstra SYDNEY and TEANECK, N.J., April 28, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced a five-year strategic partnership with Telstra as part of the Australian telecommunications and technology company's strategy for growth. Cognizant will introduce new ways of working to accelerate Telstra's software engineering and IT capabilities and leverage modern technologi ...
Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation
Prnewswire· 2024-04-22 20:30
Expanded partnership will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize strategic business transformation. TEANECK, N.J., April 22, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) and Microsoft Corp. announced an expanded partnership with the goal of making Microsoft's generative AI and Copilots available to millions of users, to transform enterprise business operations, enhance employ ...
Cognizant (CTSH) Launches Fraud Prevention Solution With FICO
Zacks Investment Research· 2024-04-18 23:10
Cognizant Technology Solutions (CTSH) expansion into the realm of financial technology is gaining momentum, driven by an expanding partner base. It has recently teamed up with Fair Issac (FICO) to introduce a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The latest solution leverages the power of AI and machine learning (ML) technologies from Cognizant and FICO to help banks and payment service providers in North America combat the increasing wave of fraudulen ...
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
PYMNTS· 2024-04-18 07:27
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technologies, the companies said in a Wednesday (April 17) press release. “In today’s fast-paced financial landscape, staying ahead of fraudsters is crucial,” Alexandre Graff, global head of partners and alliances at FICO, said in the release. “Ou ...
Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud
Prnewswire· 2024-04-18 00:11
Cloud-based solution provides banks and payment providers with fraud protection powered by artificial intelligence and machine learning TEANECK, N.J. and BOZEMAN, Mont., April 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today a planned collaboration with FICO, a leading analytics software company, to launch a cloud- based real-time payment fraud prevention solution powered by FICO® Falcon® Fraud Manager. The joint offering would leverage both firms' artificial intelligence (AI) and machine l ...
Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities
Prnewswire· 2024-04-11 20:00
慈善投资 - Cognizant通过Synapse计划向全球77个组织提供了7000万美元的慈善资金[1] - Synapse计划旨在培训100万人,使其具备未来工作所需的技能[1] - Cognizant的慈善投资主要集中在提供学习和网络资源、为科技行业职业发展者提供机会以及推动科技行业发展方面[3]