Cognizant Technology Solutions Corporation (CTSH)
| Market Cap | 33.70B |
| Revenue (ttm) | 19.30B |
| Net Income (ttm) | 2.09B |
| Shares Out | 497.20M |
| EPS (ttm) | 4.17 |
| PE Ratio | 16.25 |
| Forward PE | 14.26 |
| Dividend | $1.20 (1.77%) |
| Ex-Dividend Date | May 17, 2024 |
| Volume | 1,838,391 |
| Open | 68.04 |
| Previous Close | 67.87 |
| Day's Range | 67.57 - 68.75 |
| 52-Week Range | 61.12 - 80.09 |
| Beta | 1.08 |
| Analysts | Hold |
| Price Target | 75.56 (+11.48%) |
| Earnings Date | May 1, 2024 |
About CTSH
Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. The company provides customer experience, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; the shift towards consumerism, outcome-based con... [Read more]
Financial Performance
In 2023, CTSH's revenue was $19.35 billion, a decrease of -0.39% compared to the previous year's $19.43 billion. Earnings were $2.13 billion, a decrease of -7.16%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for CTSH stock is "Hold." The 12-month stock price forecast is $75.56, which is an increase of 11.48% from the latest price.
News
Cognizant first-quarter revenue beats estimates on steady spending by clients
Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.
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 Adj...
Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
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/ -- Cogniz...
Cognizant's Bluebolt Program Delivers More Than $150M in Estimated Annualized Cost Savings for Enterprises
Cognizant associates have submitted more than 130K ideas via Bluebolt, a grassroots innovation program launched a year ago; more than 23K ideas have been implemented with clients More than 220K associ...
Congruent Solutions Appoints Mahesh Natarajan as Chief Revenue Officer
CUPERTINO, Calif. & CHENNAI, India--(BUSINESS WIRE)-- #ChiefRevenueOfficer--Congruent Solutions today announced the appointment of Mahesh Natarajan as its Chief Revenue Officer.
Microsoft and Cognizant Partner to Help Enterprises Adopt GenAI Solutions
Microsoft and Cognizant have partnered to expand the adoption of generative artificial intelligence (GenAI) solutions by enterprises. The companies aim to make Microsoft's GenAI and Copilots available...
Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation
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 st...
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
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 bo...
Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud
Cloud-based solution provides banks and payment providers with fraud protection powered by artificial intelligence and machine learning TEANECK, N.J. and BOZEMAN, Mont.
Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities
In support of its Synapse initiative, Cognizant's philanthropic funding reaffirms its long commitment to training individuals for the jobs of the future TEANECK, N.J. , April 11, 2024 /PRNewswire/ -- ...
Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call
TEANECK, N.J. , April 10, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the first qu...
Cognizant Partners With Shopify, Google Cloud as eCommerce Platforms Challenge Amazon
Shopify is calling in reinforcements as eCommerce solution providers aim to equip brands and retailers to hold their own against Amazon. Cognizant, which provides digital solutions, technology consult...
Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail
Al liance combines the strength of Shopify's leading commerce platform with Google Cloud's leading AI-infrastructure and delivery by Cognizant's retail technology experts TEANECK, N.J. , April 9, 2024...
Cognizant signs a large, global infrastructure agreement with McCormick & Company, Inc.
New agreement expected to help transform and manage global technology infrastructure, elevating employee and customer experiences TEANECK, N.J. , April 2, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH)...
70%+ of Payers and Providers Anticipate Greatest Impact of Gen AI on Health Outcomes and Member Experience, According to HFS Research and Cognizant Report
NEW YORK--(BUSINESS WIRE)-- #Cognizant--Recently released report explores impact of vertical integration and generative AI on payer-provider friction and consumer experience and engagement.
Cognizant and LexisNexis Legal & Professional Extend Collaboration
Cognizant will provide cloud and digital engineering services to enhance customer experience on LexisNexis' next-gen legal research solution in the U.S. and Canada TEANECK, N.J., March 28, 2024 /PRNew...
Cognizant Continues Collaboration with Pon IT to Further Manage and Optimize Cloud Services
The extended relationship will enable Cognizant to continue providing managed services to the cloud platform for Pon IT and its numerous operating companies to enhance agility, intuition, and innovati...
Cognizant Named to Fortune's List of America's Most Innovative Companies 2024
Company recognized for innovative products and services, processes, and culture for the second consecutive year TEANECK, N.J. , March 26, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced ...
Clario Selects Cognizant as Global Strategic Technology Services Provider to Optimize and Advance their Clinical Transformation Journey
Cognizant services will provide automation and digital technologies that can reduce cost of service and speed time to market TEANECK, N.J. , March 25, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) a...
Cognizant and Google Cloud Expand AI Partnership to Drive Software Development Productivity
Cognizant will adopt Gemini for Google Cloud to accelerate velocity for its software developers and enable more than 70,000 associates on Google Cloud's latest AI technologies TEANECK, N.J. and SUNNYV...
Cermaq Extends Collaboration with Cognizant to Further Enhance Operational Efficiencies
Cognizant will provide managed infrastructure services and seek to modernize Cermaq's cloud landscape as a digital transformation partner in Norway and Canada TEANECK, N.J. , March 20, 2024 /PRNewswir...
Cognizant to apply generative AI to enhance drug discovery for pharmaceutical clients with NVIDIA BioNeMo
Cognizant's AI and industry expertise, combined with the NVIDIA BioNeMo generative AI platform, create a strong foundation to improve outcomes in the healthcare and life sciences sectors TEANECK, N.J....
Cognizant Unveils Advanced Artificial Intelligence Lab to Accelerate AI Research and Innovation
With 75 issued and pending patents, the lab will launch with a team of dedicated AI researchers and developers; focus will be on research, innovation and production of cutting-edge AI systems TEANECK,...
Cognizant and Microsoft Collaborate to Power the Future of Healthcare Administration with Generative AI
The TriZetto platform, powered by Azure OpenAI Service, will help payers and providers reduce hidden costs and enable better patient outcomes for millions of Americans. TEANECK, N.J.
Cognizant asks India employees to work from office thrice a week, internal memo shows
U.S.-based IT firm Cognizant said it expects India employees to work from the office at least thrice a week, according to a memo seen by Reuters, becoming the latest company to signal the end of the p...