Cognizant(CTSH)
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Educational Innovation Through AI: Cognizant Signs Multi-Year Contract with Cambridge University Press & Assessment
Prnewswire· 2024-01-03 09:00
Renewed five-year relationship will see Cognizant and Cambridge drive digital transformation and leverage AI technology LONDON, Jan. 3, 2024 /PRNewswire/ -- Cambridge University Press & Assessment (Cambridge) has signed a multi-year contract with Cognizant (Nasdaq: CTSH) with the goal of improving operational effectiveness, maintaining exam results integrity and staying competitive in the evolving education sector. Under the agreement, Cognizant will continue to provide application development and support s ...
Cognizant(CTSH) - 2023 Q3 - Earnings Call Transcript
2023-11-02 02:00
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Tyler Scott - Vice President & Head of Investor Relations Ravi Kumar - Chief Executive Officer Jan Siegmund - Chief Financial Officer Conference Call Participants Bryan Bergin - TD Cowen Ashwin Shirvaikar - Citi Tyler DuPont - Bank of America Tien-Tsin Huang - JPMorgan Keith Bachman - BMO Capital Markets James Friedman - Susquehanna Operator Ladies and gentlemen, welcome ...
Cognizant(CTSH) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
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 September 30, 2023 ☐ 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 Other ...
Cognizant(CTSH) - 2023 Q2 - Earnings Call Transcript
2023-08-03 00:07
Cognizant Technology Solutions Corporation. (NASDAQ:CTSH) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Tyler Scott - Vice President Head of Investor Relations Ravi Kumar - Chief Executive Officer Jan Siegmund - Chief Financial Officer Conference Call Participants Ashwin Shirvaikar - Citi Lisa Ellis - MoffettNathanson Bryan Bergin - TD Cowen James Friedman - SIG Tien-Tsin Huang - JPMorgan Operator Greetings, and welcome to the Cognizant Second Quarter 2023 Earnings Conferen ...
Cognizant(CTSH) - 2023 Q2 - Earnings Call Presentation
2023-08-03 00:06
Exhibit 99.3 Second Quarter 2023 Financial Results and Highlights August 2, 2023 © 2023 Cognizant Forward-looking statements ...
Cognizant(CTSH) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
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, 2023 ☐ 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 Other Juris ...
Cognizant(CTSH) - 2023 Q1 - Earnings Call Presentation
2023-05-04 02:07
Exhibit 99.3 First Quarter 2023 Financial Results and Highlights May 3, 2023 © 2023 Cognizant Forward-looking statements ...
Cognizant(CTSH) - 2023 Q1 - Earnings Call Transcript
2023-05-04 01:54
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Tyler Scott - Vice President, Investor Relations Ravi Kumar - Chief Executive Officer Jan Siegmund - Chief Financial Officer Conference Call Participants Lisa Ellis - MoffettNathanson Bryan Bergin - TD Cowen Ashwin Shirvaikar - Citi Surinder Thind - Jefferies Bryan Keane - Deutsche Bank Operator Ladies and gentlemen, welcome to the Cognizant Technology Solutions First Quarter ...
Cognizant(CTSH) - 2023 Q1 - Quarterly Report
2023-05-03 16:00
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, 2023 ☐ 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 Other Juri ...
Cognizant(CTSH) - 2022 Q4 - Annual Report
2023-02-14 16:00
Digital Services and Growth Strategy - Cognizant's digital services continue to be a significant part of its portfolio, aligning with clients' focus on becoming data-enabled and customer-centric [11]. - The company aims to accelerate its digital business growth both organically and inorganically, focusing on investments in digital capabilities across various industries [12]. - The company focuses on four key areas for digital investment: IoT, digital engineering, data, and cloud [22]. - Cognizant's investment in digital services is aimed at modernizing client operations and improving customer experiences [22]. - Cognizant's digital services are a critical part of its portfolio, focusing on areas such as IoT, digital engineering, data, and cloud to meet client demands for modernization [22]. - Cognizant's strategic priorities include accelerating digital growth, globalizing operations, increasing client relevance, and repositioning its brand for better recognition [12]. Acquisitions and Market Position - In 2022, Cognizant completed two strategic acquisitions, adding to the 16 acquisitions made during 2020 and 2021, to enhance its capabilities in key digital areas [13]. - Strategic acquisitions and investments are expected to enhance service offerings and expand capabilities in key digital areas [70]. - The company operates in a highly competitive market with direct competitors including Accenture, Deloitte Digital, and IBM Consulting [29]. Employee Engagement and Workforce - For the year ended December 31, 2022, the company had approximately 355,300 employees, an increase of 24,700 from December 31, 2021 [35]. - The annualized attrition rate for the three months ended December 31, 2022, was 25.3%, down from 34.6% in the same period of 2021 [38]. - The company employs approximately 134,000 women, representing 38% of its workforce as of December 31, 2022, unchanged from the previous year [40]. - The company’s focus on employee engagement resulted in meaningful increases in engagement scores in 2022 [37]. - Cognizant's leadership pipeline is being accelerated through initiatives like Propel, which has helped over 1,200 women progress into leadership roles [43]. - The company has implemented a WorkFlex program to provide employees with greater flexibility, which was expanded in 2022 to more geographies [44]. - The company has established a global D&I organization to enhance diversity and inclusion, with a focus on hiring and retaining women in leadership roles [39]. - The company has a robust training ecosystem aimed at reskilling employees in digital skills, with programs developed in collaboration with leading educational and technology partners [42]. Financial Performance and Risks - The company faces risks related to economic and political conditions, particularly in the U.S. and Europe, which could adversely affect client spending [61]. - Cognizant's business is significantly influenced by the economic environment in India, where a majority of its operations are located, including factors like inflation and currency exchange rates [61]. - Many client contracts are short-term and can be terminated on short notice, which may adversely affect revenue and operating margins [67]. - Profitability goals depend on operational efficiency and successful investments, with potential substantial costs related to optimizing operations [72]. - The company faces intense competition for skilled labor, leading to increased costs for hiring and training new employees [64]. - The company must continue to expand its global operations, particularly in digital services, to remain responsive to market demand [69]. - The company is particularly susceptible to wage and cost pressures in India, where the majority of employees are located, impacting contract profitability [81]. Compliance and Regulatory Challenges - Cognizant's operations are subject to various regulations, including import/export controls and data privacy laws, which could impact business performance [46]. - The company faces significant regulatory compliance costs and risks due to its global operations, with potential increased costs in 2023 related to employment benefits in India due to the Code on Social Security, 2020 [108]. - The company is subject to evolving legal and regulatory requirements across various jurisdictions, and violations could harm its business operations [107]. - Compliance with complex and changing data security and privacy regulations, such as the California Consumer Privacy Act, may incur substantial costs and expose the company to regulatory actions [95]. Cybersecurity and Operational Risks - The company faces significant risks related to cybersecurity, including potential breaches that could harm reputation and lead to financial liabilities [88][89]. - A significant security incident in April 2020 involved a Maze ransomware attack, resulting in unauthorized data access and business disruption [90]. - Relationships with third-party alliance partners are critical for service delivery, and any disruptions could adversely impact revenue and profitability [85]. Environmental and Social Responsibility - Cognizant aims to source 100% renewable energy for all global offices by the end of 2026 and plans to reduce greenhouse gas emissions by 50% by 2030 and 90% by 2040 from a 2019 baseline [45]. - In 2022, Cognizant issued an ESG report with limited assurance on greenhouse gas emissions data, aligning with GRI, SASB, and TCFD criteria [45].