Agreement aims to enhance quality assurance operational efficiency and improve user experience across 26 public service apps for Danish Municipal IT solutionsCOPENHAGEN, Denmark, Sept. 12, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced its deal with KOMBIT, a municipally owned IT company responsible for strategically operating critical IT solutions for 98 Danish municipalities. As Denmark increasingly prioritizes modern and efficient IT solutions, the collaboration between Cognizant and KOMBI ...

Core Thesis - Cognizant Technology Solutions Corporation is positioned for potential financial growth due to its focus on industries with increasing demand for digital services and transformation, despite concerns about AI disrupting the enterprise software industry [2] Business Overview - Cognizant operates globally in IT services, divided into four segments: Financial Services, Health Sciences, Products & Resources, and Communications, Media and Technology [3] - The company generates 74% of its revenue from North America and 20% from Europe as of 2023 [6] Financial Performance - In Q2 2024, Cognizant reported $4.85 billion in revenue, with Health Sciences and Financial Services contributing 60% of this total [7] - Health Sciences revenue increased by 3% from the previous quarter and 1.7% year-over-year in constant currency, marking a recovery from previous declines [10] - Financial Services segment revenue decreased by 0.8% year-over-year in constant currency but increased sequentially by 5%, indicating a potential recovery [17] Segment Insights - Health Sciences accounts for 42.1% of Cognizant's revenue from outsourcing services, which are often customized and long-term, enhancing client retention [12] - Financial Services has historically been a major revenue contributor, with 60-70% of revenue coming from consulting and technology projects [16] - The company signed 13 large deals (total contract value over $100 million) in the first half of 2024, indicating strong future revenue potential [14] Strategic Initiatives - Cognizant announced plans to acquire Belcan for approximately $1.3 billion, expected to enhance its Engineering Research & Development capabilities and generate over $100 million in annual revenue synergies within three years [18] - The acquisition is projected to contribute more than $800 million in annualized revenue, particularly benefiting the Products & Resources segment [18] Market Position and Valuation - Cognizant's stock is trading at $77.77 per share with a forward P/E ratio of 17.05, which is below the industry average of 26.8 [21] - The market may be undervaluing Cognizant's growth potential, as evidenced by its strategic investments and recent large deal signings [24] Future Outlook - The company expects to benefit from a rebound in discretionary spending in Financial Services as macroeconomic conditions stabilize and interest rates potentially decrease [29] - Growth in the Health Sciences and Products & Resources segments is anticipated due to ongoing digital transformation initiatives and the Belcan acquisition [29]

TEANECK, N.J., Sept. 4, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference: Goldman Sachs Communacopia + Technology ConferencePresenter: Jatin Dalal, Chief Financial Officer Date: Wednesday, September 11, 2024  Time: 10:10AM PST / 1:10PM EST  A live audio webcast of the presentation will be available at Cognizant's website: http://investors.cognizant.com A ...

Core Viewpoint - Cognizant Technology Solutions reported mixed financial results for Q2 2024, with earnings beating estimates but revenues declining year-over-year, indicating challenges in certain segments and regions [2][3][4]. Financial Performance - Non-GAAP earnings were $1.17 per share, exceeding the Zacks Consensus Estimate by 4.46% and increasing 6.4% year-over-year [2]. - Revenues totaled $4.85 billion, surpassing consensus by 0.91%, but decreased 0.7% year-over-year and 0.5% at constant currency [2]. - Bookings rose 5% year-over-year to $26.2 billion, with a book-to-bill ratio of approximately 1.4 times [2]. Segment Performance - Financial Services revenues (29.9% of total) fell 1.1% year-over-year to $1.447 billion due to a challenging demand environment [3]. - Health Sciences revenues (30.1% of total) increased 1.5% year-over-year to $1.461 billion, driven by strong demand in data and cloud modernization [3]. - Products and Resources revenues (23.2% of total) declined 4.3% year-over-year to $1.12 billion [3]. - Communications, Media and Technology revenues (16.8% of total) rose 1.2% year-over-year to $816 million, benefiting from new acquisitions [3]. Regional Performance - North America revenues increased 0.9% year-over-year, contributing 74.6% to total revenues [3]. - Europe revenues fell 5.5% year-over-year, contributing 18.9% to total revenues, with the U.K. declining 6.1% [4]. - Revenues from the Rest of the World decreased 4.2% year-over-year, contributing 6.5% to total revenues [4]. Operating Metrics - Selling, general & administrative expenses as a percentage of revenues decreased by 90 basis points year-over-year to 16.1% [5]. - GAAP operating margin improved by 280 basis points year-over-year to 14.6% [5][6]. - Non-GAAP operating margin, adjusted for NextGen charges, expanded 100 basis points year-over-year to 15.2% [6]. Balance Sheet - Cash and short-term investments stood at $2.2 billion as of June 30, 2024, slightly down from $2.24 billion [7]. - Total debt decreased to $623 million from $631 million [7]. - Generated $262 million in cash from operations, up from $95 million in the previous quarter [7]. Guidance - For Q3 2024, revenues are expected between $4.89 billion and $4.96 billion, indicating a potential decline of 0.2% to an increase of 1.3% [8]. - Full-year 2024 revenue guidance is set at $19.3-$19.5 billion, reflecting a decline of 0.5% to growth of 1% [8]. - Adjusted operating margin for 2024 is anticipated to be between 15.3% and 15.5% [8]. Market Position - Cognizant has a Zacks Rank 3 (Hold), indicating an expectation of an in-line return in the coming months [11]. - The stock has a poor Growth Score of F and a momentum score of F, but a value score of B, placing it in the top 40% for value investment strategy [10].

TROY, Mich., Aug. 26, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Cognizant Technology Solutions Corp. (NASDAQ: CTSH) as its "Stock to Study" and Brown-Forman Corp. (NYSE: BFB) as its "Undervalued Stock" in the November 2024 issue for investors' informational and educational use.Over fifty years ago, the founding father of the National Association of Investors (NAIC), George A. Nicholson Jr. CFA, said the following, which still ring ...

Have you been paying attention to shares of Cognizant (CTSH) ? Shares have been on the move with the stock up 11.7% over the past month. The stock hit a new 52-week high of $80.27 in the previous session. Cognizant has gained 1% since the start of the year compared to the 18.2% move for the Zacks Computer and Technology sector and the 9.2% return for the Zacks Business - Software Services industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn ...

Cognizant Technology Solutions (CTSH) reported non-GAAP earnings of $1.17 per share in second-quarter 2024, which beat the Zacks Consensus Estimate by 4.46% and increased 6.4% year over year.Revenues of $4.85 billion beat the consensus mark by 0.91%. The top line dropped 0.7% year over year and 0.5% at constant currency (cc). Acquisitions contributed 60 basis points (bps) to top-line growth.On a trailing twelve-month basis, bookings increased 5% year over year to $26.2 billion, which represented a book-to-b ...

Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Tyler Scott - Vice President, Investor Relations Ravi Kumar - Chief Executive Officer Jatin Dalal - Chief Financial Officer Conference Call Participants Jim Schneider - Goldman Sachs Bryan Bergin - Cowen Jonathan Lee - Guggenheim Partners Rod Bourgeois - DeepDive Equity Research James Faucette - Morgan Stanley Tien-Tsin Huang - JPMorgan Dan Dolev - Mizuho Operator Ladies an ...

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 June 30, 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 (St ...

| --- | --- | |----------------------------------|--------------| | | | | | Exhibit 99.3 | | | | | Second Quarter 2024 | | | Financial Results and Highlights | | | July 31, 2024 | | | © 2024 Cognizant | | © 2024 Cognizant 1 Forward-looking statements This earnings supplement includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties ...