It has been about a month since the last earnings report for Cognizant (CTSH) . Shares have lost about 1.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Cognizant due for a breakout? 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 Q4 Earnings Beat Estimates, Revenues D ...

The launch of Cognizant's Advanced AI Lab comes at a time when enterprises are rapidly working to understand the impact of AI and meet expanding expectations around its promise. Recent research has shown more than half (66 percent) of executives are ambivalent or dissatisfied with their company's progress on AI and gen AI, and most executives (85 percent) plan to increase spending on AI and gen AI in 2024. Longer term, Cognizant and Oxford Economics' recent study found gen AI could inject up to $1 trillion ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ 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 (State or O ...

Cognizant Technology Solutions (CTSH) reported fourth-quarter 2023 non-GAAP earnings of $1.18 per share, which beat the Zacks Consensus Estimate by 13.46% and increased 16.8% year over year.Revenues of $4.76 billion lagged the consensus mark by 0.08%. The top line decreased 1.7% year over year and 2.4% at constant currency (cc). Acquisitions contributed 90 basis points (bps) to top-line growth.Cognizant’s fourth-quarter results suffered from a challenging macroeconomic environment, cautious clients and limi ...

For the quarter ended December 2023, Cognizant (CTSH) reported revenue of $4.76 billion, down 1.7% over the same period last year. EPS came in at $1.18, compared to $1.01 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.76 billion, representing a surprise of -0.08%. The company delivered an EPS surprise of +13.46%, with the consensus EPS estimate being $1.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Cognizant (CTSH) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.46%. A quarter ago, it was expected that this information technology consulting and outsourcing firm would post earnings of $1.08 per share when it actually produced earnings of $1.16, delivering a surprise of 7.41%.O ...

Cognizant Technology Solutions (CTSH) is scheduled to report its fourth-quarter 2023 results on Feb 6.CTSH expects fourth-quarter 2023 revenues to be between $4.69 billion and $4.82 billion, indicating a decline of 3.1% to an increase of 0.3%. Acquisitions are expected to contribute 100 basis points (bps).The Zacks Consensus Estimate for the fourth quarter is pegged at $4.76 billion, indicating a year-over-year decline of 1.6%.The consensus mark for earnings is pegged at $1.04 per share, unchanged in the pa ...

Cognizant (CTSH) is expanding its generative AI capabilities with the launch of its latest Flowsource platform. The cutting-edge generative AI-enabled platform is designed to revolutionize the landscape of software engineering for enterprises.In response to the dynamic market environment, where businesses are increasingly becoming technology-centric, Cognizant Flowsource aims to empower organizations to meet the demands of the gen AI era by accelerating the software development lifecycle.The platform seamle ...

In its upcoming report, Cognizant (CTSH) is predicted by Wall Street analysts to post quarterly earnings of $1.04 per share, reflecting an increase of 3% compared to the same period last year. Revenues are forecasted to be $4.76 billion, representing a year-over-year decrease of 1.6%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this ...

Platform provides an integrated, holistic way to track and expedite every stage of the software delivery lifecycle TEANECK, N.J., Feb. 1, 2024  /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced a generative AI (gen AI)-enabled platform, Cognizant Flowsource™️, that aims to fuel the next generation of software engineering for enterprises. Cognizant Flowsource integrates all stages of the software development lifecycle and incorporates digital assets and tools to help cross-functional engineering teams ...