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COGNIZANT TO ACQUIRE BELCAN FOR APPROXIMATELY $1.3 BILLION TO SIGNIFICANTLY STRENGTHEN ENGINEERING CAPABILITIES AND ESTABLISH A LEADERSHIP POSITION IN AEROSPACE & DEFENSE MARKET
Prnewswire· 2024-06-10 11:00
Significantly expands access to the ~$190 billion rapidly growing, specialized Engineering Research & Development services market Immediately accelerates growth opportunity through presence in attractive aerospace & defense sector with established blue-chip clientsExpected to deliver >$100 million in annual revenue synergies within three years and to be accretive to 2026 EPS Cognizant to host investor conference call to discuss transaction on June 10, 2024 at 8:30 a.m. Eastern TEANECK, N.J., June 10, 2024 / ...
Driving Experience Reliability in Workplace IT: Cognizant WorkNEXT Workplace Intelligence Powered by Nexthink
Prnewswire· 2024-06-06 13:00
Cognizant WorkNEXT™ with Nexthink Dex Ops technology aims to bring intelligence and insights to enterprise IT support and transform digital workplace experience TEANECK, N.J., June 6, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) is teaming up with Nexthink to transform enterprise digital experience operations with Cognizant's WorkNEXT™ platform. Under the agreement, Cognizant will apply its deep expertise in digital workplace services and its portfolio of tools with Nexthink's flagship product, Nexthink I ...
Cognizant to Present at Upcoming Conferences
prnewswire.com· 2024-05-17 12:30
TEANECK, N.J., May 17, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced its participation in the following investor conferences:J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferencePresenter: Ravi Kumar S, Chief Executive OfficerDate: Tuesday, May 21, 2024Time: 11:30AM ESTTD Cowen 52nd Annual Technology, Media & Telecom ConferencePresenter: Jatin Dalal, Chief Financial OfficerDate: ...
International Markets and Cognizant (CTSH): A Deep Dive for Investors
Zacks Investment Research· 2024-05-06 14:16
Did you analyze how Cognizant (CTSH) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this information technology consulting and outsourcing firm, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and ...
Cognizant (CTSH) Q1 Earnings Beat Estimates, Revenues Down Y/Y
Zacks Investment Research· 2024-05-02 16:16
Cognizant Technology Solutions (CTSH) reported first-quarter 2024 non-GAAP earnings of $1.12 per share, which beat the Zacks Consensus Estimate by 0.9% and increased 0.9% year over year.Revenues of $4.76 billion beat the consensus mark by 0.83%. The top line decreased 1.1% year over year and 1.2% at constant currency (cc). Acquisitions contributed 70 basis points (bps) to top-line growth.On a trailing twelve-month basis, bookings increased 1% year over year to $25.9 billion, which represented a book-to-bill ...
Cognizant(CTSH) - 2024 Q1 - Earnings Call Transcript
2024-05-02 00:53
Cognizant Technology Solutions Corporation. (NASDAQ:CTSH) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Tyler Scott - VP & Head of IR Ravi Kumar - CEO Jatin Dalal - CFO Conference Call Participants Bryan Bergin - TD Cowen Tien-Tsin Huang - JPMorgan Jonathan Lee - Guggenheim Securities Jason Kupferberg - Bank of America James Faucette - Morgan Stanley Moshe Katri - Wedbush Securities Jamie Friedman - SIG Operator Ladies and gentlemen, welcome to the Cognizant Technology Solutio ...
Cognizant (CTSH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-01 22:31
Cognizant (CTSH) reported $4.76 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.1%. EPS of $1.12 for the same period compares to $1.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.73 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +0.90%, with the consensus EPS estimate being $1.11.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...
Cognizant (CTSH) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-01 22:10
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%.O ...
Cognizant(CTSH) - 2024 Q1 - Quarterly Report
2024-05-01 21:40
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
2024-05-01 20:03
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 ...