Company Overview - Khaveen Investments is a global Investment Advisory Firm focused on serving the investment needs of high-net-worth individuals, corporations, associations, and institutions [1] - The firm is a registered investment adviser with the Securities Exchange Commission (SEC) [1] - It offers a range of services including market and security research, business valuation, and wealth management [1] Investment Strategy - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - The investment approach integrates top-down and bottom-up analysis, utilizing three core strategies: global macro, fundamental, and quantitative [1] Core Expertise - The firm specializes in disruptive technologies that are transforming modern industries, including Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Company Overview - Cognizant Technology Solutions Corporation (CTSH) has a market cap of $41.4 billion and provides consulting, technology, and outsourcing services globally, serving various industries including financial services, healthcare, life sciences, manufacturing, retail, and technology with solutions such as AI, digital engineering, cloud, and business process services [1] Financial Performance - Analysts forecast CTSH to report an adjusted EPS of $1.32 for fiscal Q4 2025, reflecting a 9.1% growth from $1.21 in the same quarter last year [2] - For fiscal 2025, the expected adjusted EPS is $5.25, which represents a 10.5% increase from $4.75 in fiscal 2024 [3] - Cognizant reported Q3 2025 adjusted EPS of $1.39 and revenue of $5.42 billion, surpassing estimates and raising its full-year adjusted profit forecast to between $5.22 and $5.26 per share, along with an increased lower end of its annual revenue outlook to $21.05 billion [5] Stock Performance - Cognizant's shares have increased by 12.8% over the past 52 weeks, which is lower than the S&P 500 Index's nearly 17% rise and the State Street Technology Select Sector SPDR ETF's 23.4% return during the same period [4] Analyst Ratings - The consensus view on CTSH stock is cautiously optimistic, with a "Moderate Buy" rating. Among 24 analysts, eight recommend a "Strong Buy," one a "Moderate Buy," and 15 a "Hold." The average price target for Cognizant Technology is $86.71, indicating a potential upside of 1.1% from current levels [6]

Group 1 - The core focus of the research service is on value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, emphasizing deep value balance sheet bargains and wide moat stocks [1] - The enterprise's growth prospects have improved due to a recent acquisition and is considering a potential listing in India, which may lead to a higher valuation [1] - The Value Pendulum specializes in the Asian equity market with over a decade of experience, providing investment ideas particularly for the Hong Kong market [1] Group 2 - The investing group Asia Value & Moat Stocks offers a variety of watch lists with monthly updates for value investors seeking opportunities in Asia [1]

Core Viewpoint - Cognizant is set to announce its fourth quarter results for 2025 on February 4, 2026, before the market opens [1] Group 1: Earnings Announcement - The announcement will be followed by a conference call at 8:30 a.m. (Eastern) to discuss the operating performance for the quarter [2] - Domestic callers can participate by dialing 877-810-9510, while international callers can dial 201-493-6778, using the passcode "Cognizant Call" [2] Group 2: Conference Call Access - The conference call will be available live on Cognizant's Investor Relations website [3] - Participants are advised to register at least 15 minutes prior to the call and to download any necessary audio software [3] Group 3: Replay Information - For those unable to access the live broadcast, a replay will be available by dialing (877) 660-6853 for domestic callers or (201) 612-7415 for international callers, using the code 13757577 [4] - The replay will be accessible for two hours after the call until February 18, 2026, and will also be available on Cognizant's website for 60 days following the call [4] Group 4: Company Overview - Cognizant is a leading provider of information technology, consulting, and business process services, focused on modernizing technology and transforming business processes [5] - The company aims to help clients stay ahead in a fast-changing world [5]

Core Insights - Cognizant Technology Solutions (CTSH) has completed the acquisition of 3Cloud, enhancing its Azure, data, and AI capabilities, and solidifying its partnership with Microsoft [1][11] Group 1: Acquisition Details - The acquisition of 3Cloud adds over 1,000 Azure experts and more than 1,500 Microsoft certifications to CTSH's capabilities, expanding its workforce to nearly 21,000 Azure-certified associates globally [2][11] - 3Cloud has achieved a 20% organic CAGR since 2020 and is expected to continue expanding by over 20% in 2025, driven by strong demand for Microsoft Azure solutions [3] Group 2: Financial Performance - CTSH shares have increased by 19.9% over the past three months, outperforming the Zacks Computers IT Services industry's decline of 6.7% and the broader Zacks Computer and Technology sector's growth of 2.2% [4] - In Q3 2025, CTSH signed six large deals, each with a total contract value of $100 million or more, bringing the year-to-date total to 16, with trailing 12-month bookings growing by 5% year over year [5] - The total contract value of Cognizant's large deals increased by 40% year over year [5] Group 3: AI Integration and Productivity - Cognizant is focusing on AI-led productivity, with AI generating approximately 30% of its internal code in Q3 2025, expected to reach 50% in the coming years [6] - The company has integrated AI across more than 150 use cases, enhancing decision-making and operational efficiency [7] Group 4: Revenue Guidance - For Q4 2025, Cognizant expects revenues between $5.27 billion and $5.33 billion, indicating growth of 3.8-4.8% [8] - The Zacks Consensus Estimate for Q4 2025 earnings is $1.32 per share, reflecting a growth of 9.1% year over year [9] - For the full year 2025, revenues are projected to be between $21.05 billion and $21.10 billion, representing a growth of 6.6-6.9% [9]

Core Insights - Cognizant has finalized the acquisition of 3Cloud, a Microsoft Azure services provider, effective January 1, 2026, with the aim to enhance its capabilities in Azure, data, AI, and cloud-based application innovation [1][4] - The acquisition will add approximately 1,200 employees to Cognizant's workforce, including around 700 based in the US, and increase its roster of Azure-certified professionals to over 21,000 globally [1][2] Company Strategy - The integration of 3Cloud is expected to strengthen Cognizant's strategic partnership with Microsoft and enhance its enterprise-scale digital and AI transformation offerings [2][5] - Cognizant's CEO emphasized that the acquisition is a significant step towards becoming a leading AI builder for enterprises, leveraging 3Cloud's expertise in Azure, data, and AI [4] Financial Performance - 3Cloud has experienced significant growth under Gryphon Investors, with an average annual organic growth rate exceeding 20% since 2020 [3] - Financial details of the acquisition have not been disclosed [3] Market Context - The demand for AI-led business transformation using Microsoft Azure platforms is increasing, which aligns with Cognizant's strategy to broaden its portfolio of Azure-related services [5] - Microsoft's Azure and related cloud services reported a year-on-year growth rate of 40% in Q3 2025, indicating a robust market for cloud services [6]

Core Insights - Gryphon Investors has completed the sale of its portfolio company 3Cloud, a dedicated Microsoft Azure services provider, to Cognizant Technology Solutions Corporation [1] Company Overview - 3Cloud, founded in 2016 and headquartered in Chicago, Illinois, specializes in Microsoft Azure solutions, including AI enablement, modern data engineering, and Azure managed services [2][5] - The company has grown organically at over 20% per year since Gryphon's initial investment in June 2020, increasing its scale by approximately 12 times [2] Transaction Details - The transaction was initially announced on November 13, 2025, with financial terms not disclosed [1] - Gryphon was represented by Lazard for transaction advisory and Kirkland & Ellis for legal matters, while Cognizant was represented by Mayer Brown [3] Gryphon Investors Overview - Gryphon Investors is a middle-market private investment firm with over $10 billion in assets under management, focusing on sectors such as Business Services, Healthcare, and Technology Solutions [4] - The firm emphasizes forming strong partnerships with management teams to build high-quality companies and generate enduring value [4]

Core Viewpoint - Investors are evaluating the value opportunities between Cognizant (CTSH) and Accenture (ACN) in the IT Services sector, with a focus on which stock presents a better investment at the current time [1] Valuation Metrics - Cognizant (CTSH) has a forward P/E ratio of 16.22, while Accenture (ACN) has a forward P/E of 19.59, indicating that CTSH may be undervalued compared to ACN [5] - The PEG ratio for CTSH is 1.74, suggesting a more favorable growth outlook relative to its price, whereas ACN has a PEG ratio of 2.61, indicating a higher valuation for its expected growth [5] - CTSH's P/B ratio stands at 2.76, compared to ACN's P/B of 5.58, further supporting the notion that CTSH is more attractively valued [6] Zacks Rank and Earnings Outlook - Currently, Cognizant holds a Zacks Rank of 2 (Buy), while Accenture has a Zacks Rank of 3 (Hold), reflecting a more positive earnings estimate revision trend for CTSH [3] - The Zacks Rank system emphasizes companies with improving earnings outlooks, which is favorable for CTSH, making it a more appealing option for value investors [3][7] Value Grades - Based on various valuation metrics, CTSH has received a Value grade of B, while ACN has a Value grade of C, indicating that CTSH is perceived as a better value investment at this time [6]

Core Insights - Cognizant and Microsoft have established a multi-year partnership to enable global enterprises to implement AI solutions [1] - The collaboration focuses on developing industry-grade AI technologies for sectors such as financial services, healthcare, retail, and manufacturing [1][2] - The partnership aims to enhance productivity, customer experience, and operational resilience through the integration of AI into business processes [3] Partnership Details - The agreement includes global co-selling of AI solutions and collaboration on significant deals within targeted industries [1] - Cognizant will promote the adoption of Microsoft 365 Copilot and GitHub Copilot, while providing training in Microsoft Azure and related technologies [4] - The partnership will leverage Cognizant's proprietary platforms like TriZetto, Skygrade, and FlowSource for sector-specific developments [4] Strategic Goals - Cognizant's CEO emphasized the importance of AI in transformation programs and the goal to co-build scalable solutions that deliver measurable outcomes [5] - The initiative aims to combine Microsoft's cloud and AI capabilities with Cognizant's industry platforms to address the challenge of scaling AI across enterprises [5]

Core Viewpoint - Cognizant has announced a multi-year strategic partnership with Microsoft to assist global enterprises in transforming into "AI-driven frontier enterprises" by reshaping work methods and responsibly scaling innovation [1] Group 1: Partnership Details - The partnership will focus on building industry-level AI solutions and joint sales efforts across key sectors such as financial services, healthcare and life sciences, retail, and manufacturing [2] - The collaboration aims to integrate agent-based AI and Copilot into critical workflows, enhancing productivity, customer experience, and operational resilience [2] Group 2: Strategic Alignment - Cognizant's CEO, Ravi Kumar S, emphasized that AI is central to all transformation initiatives and that the partnership aligns with their three-vector AI building strategy to create scalable solutions [4] - The partnership will leverage Microsoft’s trusted cloud and AI capabilities alongside Cognizant’s industry platforms to address the "last mile" challenge of scaling AI in enterprises [4] Group 3: Implementation and Talent Development - Cognizant plans to scale the application of Microsoft 365 Copilot and GitHub Copilot within its delivery and consulting teams while enhancing employee skills in Microsoft Azure and related technologies [4] - The collaboration will also utilize Cognizant's proprietary platforms, such as TriZetto, Skygrade, and FlowSource™, to upgrade industry-specific capabilities and modernize software engineering at scale [4] Group 4: Innovation and Value Creation - Microsoft’s CEO, Judson Althoff, highlighted the combination of Cognizant's industry expertise and innovative approach as a key factor in their partnership, aiming to accelerate the creation of embedded industry-specific solutions for global clients [5]