Cognizant Technology Solutions (CTSH) recently announced a new collaboration with Siemens Digital Industries Software to enhance its software-defined vehicle (SDV) solution accelerator by integrating Siemens PAVE360 platform.The advanced solution, which includes Siemens Simcenter Prescan for sensor modeling and scenario-based testing, is designed to streamline the SDV development process, addressing the growing demands for faster innovation, continuous verification and efficient management of complex softwa ...

Cognizant's solution accelerator, powered by Siemens' PAVE360, aims to meet increasing customer demands by speeding up the development cycle for SDVsTEANECK, N.J., Jan. 8, 2025 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today a new collaboration with Siemens Digital Industries Software to integrate Siemens' PAVE360™ into its software-defined vehicle (SDV) solution accelerator. This enhanced accelerator, featuring Siemens' Simcenter™ Prescan for sensor modeling and scenario-based testing, aims to mee ...

Certification recognizes Cognizant's leadership in developing, assessing, and deploying AI systems in a safe, trustworthy, and ethical wayTEANECK, N.J., Dec. 16, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it has received accredited ISO/IEC 42001:2023 certification for its artificial intelligence management system. Cognizant is the first global IT service company to receive this accredited certification, which underscores Cognizant's commitment to responsible AI development and deployment ...

Core Viewpoint - Cognizant Technology Solutions (CTSH) has experienced a year-to-date share price increase of 6.4%, underperforming the broader Zacks Computer & Technology sector, which returned 33.6% [1]. However, CTSH has outperformed the Zacks Business - Software Services industry, which declined by 23% in the same period [1]. Group 1: Financial Performance - In the third quarter of 2024, the Financial Services sector for CTSH grew by 0.5% in constant currency and 0.7% on a reported basis year-over-year, driven by improved discretionary spending and strong demand from banking clients [3]. - For the fourth quarter of 2024, Cognizant expects revenues between $5 billion and $5.1 billion, indicating growth of 5.1-7.1% [8]. The Zacks Consensus Estimate for fourth-quarter revenues is $5.07 billion, reflecting a year-over-year growth of 6.60% [8]. - For the full year 2024, revenues are projected to be in the range of $19.7-$19.8 billion, indicating an increase of 1.6-2.1% on a reported basis [9]. The Zacks Consensus Estimate for 2024 revenues is $19.72 billion, suggesting a year-over-year growth of 1.88% [10]. - Adjusted earnings per share for 2024 are expected to be between $4.63 and $4.67, with the consensus mark at $4.66 per share, indicating a year-over-year increase of 2.42% [11]. Group 2: Strategic Partnerships and Growth Drivers - Cognizant is benefiting from an expanding clientele and a strong partner base, with business renewals and new opportunities driving growth in 2025 [2]. - The company has seen increased client confidence in digital and cloud transformation investments, particularly in the Financial Services sector [4]. - Cognizant has collaborated with Beyond Bank Australia to enhance its digital banking experience, focusing on operational resilience and customer satisfaction [5]. - The partnership with Zscaler aims to transform enterprise security with an AI-enabled zero-trust cloud security platform [6]. - Collaboration with Palo Alto Networks in the third quarter of 2024 focuses on delivering AI-driven cybersecurity solutions [7]. Group 3: Valuation and Market Position - Cognizant's shares are considered undervalued, indicated by a Value Score of B [13]. - The forward 12-month Price/Sales ratio for CTSH is 1.90, significantly lower than the industry's 14.53 [14]. - The company's strong portfolio and expanding partner base reflect solid top-line growth potential, expected to increase share price in 2025 [14].

In addition to Newsweek's recognition, Cognizant has also earned numerous leadership awards over the past year from organizations including Fortune, Forbes, TIME, Indeed, and others. These accolades underscore Cognizant's global excellence in IT and client services, its investment in workplace wellbeing, and its advancements in innovation and societal impact across areas like sustainability, reliability and diversity. "Cognizant is honored to be recognized as a leader in IT and client services, workplace we ...

Beyond Bank Australia leverages Cognizant's expertise to modernize IT infrastructure and enhance operational resilience.SYDNEY and TEANECK, N.J., Dec. 11, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has announced a collaboration with Beyond Bank Australia, one of Australia's largest customer-owned banks, to help revolutionize the digital banking experience. The collaboration aims to enhance operational resilience, streamline processes and improve customer experience through the implementation of innovativ ...

It has been about a month since the last earnings report for Cognizant (CTSH) . Shares have added about 8.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cognizant due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Cognizant Q3 Earnings Beat Estimates, Revenues Up ...

Cognizant Technology Solutions (CTSH) shares have gained 6.1% in the past month compared with the Zacks  Business - Software Services industry’s rise of 3.2% and the broader Zacks Computer & Technology sector’s return of 0.7%.CTSH is benefiting from expanding clientele and a strong partner base with a robust pipeline, which includes a favorable mix of business renewals and expansions of new opportunities.The positive momentum is also reflected in its impressive third-quarter 2024 financial results.  Cogniza ...

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Have you been paying attention to shares of Cognizant (CTSH) ? Shares have been on the move with the stock up 5.8% over the past month. The stock hit a new 52-week high of $81.75 in the previous session. Cognizant has gained 6.3% since the start of the year compared to the 31.4% move for the Zacks Computer and Technology sector and the 21.9% return for the Zacks Business - Software Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't m ...