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Cognizant Leads Enterprises into Next Generation of AI Adoption with Neuro® AI Multi-Agent Accelerator and Multi-Agent Services Suite
Prnewswire· 2025-01-16 05:01
Core Insights - Cognizant has launched the Neuro® AI Multi-Agent Accelerator and Multi-Agent Service Suite to enhance the adoption of AI agents in business processes, enabling adaptive operations and real-time decision-making [1][4][5] Group 1: Product Offerings - The Neuro® AI Multi-Agent Accelerator is a no-code development framework that includes pre-built agent networks for rapid prototyping and customization across various enterprise functions [3][6] - The Multi-Agent Services Suite facilitates the seamless creation and deployment of multi-agent systems, helping organizations redesign processes and manage intelligent agent systems efficiently [4][5] Group 2: Market Context - Businesses face challenges such as market volatility and operational complexity, necessitating a shift from traditional workflows to more adaptive, agentic systems [2][5] - The rise of AI-native companies has increased the demand for real-time adaptability, which traditional automation cannot meet [2] Group 3: Benefits of Multi-Agent Systems - Multi-agent systems enable decentralized decision-making, allowing agents to work independently yet collaboratively to address complex problems [5] - These systems provide scalability, resilience, and the ability to expand without overhauling existing infrastructures [5][10] Group 4: Customization and Integration - New multi-agent networks can be quickly created using natural language descriptions, allowing for tailored solutions to fit specific client needs [10] - The architecture supports integration with existing systems and third-party agents through simple APIs, enhancing flexibility and reducing vendor lock-in [10] Group 5: Real-World Applications - Cognizant has successfully implemented multi-agent solutions for clients, such as improving investor relations for an insurance company and expediting medical appeal processing for a healthcare firm [7]
Cognizant Schedules Fourth Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2025-01-15 13:00
Core Points - Cognizant will announce its fourth quarter 2024 results on February 5, 2025, after market close [1] - A conference call to discuss the operating performance will take place at 5:00 p.m. Eastern on the same day [2] - The conference call will be accessible via the Investor Relations section of Cognizant's website [3] Access Information - Domestic callers can participate in the conference call by dialing 877-810-9510, while international callers can dial 201-493-6778 [2] - A replay of the call will be available for two hours after the end of the call until February 19, 2025 [4] - The replay can be accessed by dialing (877) 660-6853 for domestic callers or (201) 612-7415 for international callers, and will also be available on Cognizant's website for 60 days [4] Company Overview - Cognizant is a leading provider of information technology, consulting, and business process services [1] - The company focuses on modernizing technology, reimagining processes, and transforming experiences for clients [5] - Cognizant aims to help clients stay ahead in a fast-changing world [5]
Cognizant CEO Ravi Kumar S Honored with Prestigious Pravasi Bharatiya Samman Award
Prnewswire· 2025-01-10 16:51
Group 1 - Cognizant's CEO, Ravi Kumar S, received the Pravasi Bharatiya Samman Award, recognizing contributions of the Indian diaspora [1] - The award was presented by the President of India at the Pravasi Bharatiya Divas Convention, highlighting the importance of overseas Indians in promoting India's interests [1] - Cognizant employs nearly 70% of its 340,000 global workforce in India, emphasizing its commitment to the country's growth [2] Group 2 - Under Ravi's leadership, Cognizant launched the Synapse initiative in 2024, aiming to train one million people in emerging technologies by 2026, with a focus on AI [3] - The Synapse initiative has already reached over 275,000 individuals and is supported by over $70 million in philanthropic funds [3] - Cognizant has been a key player in India's growth for the past three decades and is the second-largest multinational employer in the Indian technology sector [4] Group 3 - Cognizant's Foundation and employee-volunteering program, Cognizant Outreach, focus on uplifting underserved communities [4] - The company leverages advanced digital technologies like AI and cloud to help clients modernize and transform their businesses [6] - Cognizant has a strong presence in various Indian cities, including Bengaluru, Chennai, and Hyderabad, among others [6]
Can Cognizant's Collaboration With Siemens Push the Stock Higher?
ZACKS· 2025-01-09 16:26
Cognizant Technology Solutions (CTSH) recently announced a new collaboration with Siemens Digital Industries Software to enhance its software-defined vehicle (SDV) solution accelerator by integrating Siemens PAVE360 platform.The advanced solution, which includes Siemens Simcenter Prescan for sensor modeling and scenario-based testing, is designed to streamline the SDV development process, addressing the growing demands for faster innovation, continuous verification and efficient management of complex softwa ...
Cognizant Collaborates with Siemens on Solution Accelerator for Software-Defined Vehicles
Prnewswire· 2025-01-08 13:00
Cognizant's solution accelerator, powered by Siemens' PAVE360, aims to meet increasing customer demands by speeding up the development cycle for SDVsTEANECK, N.J., Jan. 8, 2025 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today a new collaboration with Siemens Digital Industries Software to integrate Siemens' PAVE360™ into its software-defined vehicle (SDV) solution accelerator. This enhanced accelerator, featuring Siemens' Simcenter™ Prescan for sensor modeling and scenario-based testing, aims to mee ...
Cognizant First to Achieve ISO/IEC 42001:2023 Accredited Certification for Artificial Intelligence Management Systems
Prnewswire· 2024-12-16 13:00
Certification recognizes Cognizant's leadership in developing, assessing, and deploying AI systems in a safe, trustworthy, and ethical wayTEANECK, N.J., Dec. 16, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it has received accredited ISO/IEC 42001:2023 certification for its artificial intelligence management system. Cognizant is the first global IT service company to receive this accredited certification, which underscores Cognizant's commitment to responsible AI development and deployment ...
Can Cognizant's Expanding Partner Base Push the Stock Higher in 2025?
ZACKS· 2024-12-13 16:40
Core Viewpoint - Cognizant Technology Solutions (CTSH) has experienced a year-to-date share price increase of 6.4%, underperforming the broader Zacks Computer & Technology sector, which returned 33.6% [1]. However, CTSH has outperformed the Zacks Business - Software Services industry, which declined by 23% in the same period [1]. Group 1: Financial Performance - In the third quarter of 2024, the Financial Services sector for CTSH grew by 0.5% in constant currency and 0.7% on a reported basis year-over-year, driven by improved discretionary spending and strong demand from banking clients [3]. - For the fourth quarter of 2024, Cognizant expects revenues between $5 billion and $5.1 billion, indicating growth of 5.1-7.1% [8]. The Zacks Consensus Estimate for fourth-quarter revenues is $5.07 billion, reflecting a year-over-year growth of 6.60% [8]. - For the full year 2024, revenues are projected to be in the range of $19.7-$19.8 billion, indicating an increase of 1.6-2.1% on a reported basis [9]. The Zacks Consensus Estimate for 2024 revenues is $19.72 billion, suggesting a year-over-year growth of 1.88% [10]. - Adjusted earnings per share for 2024 are expected to be between $4.63 and $4.67, with the consensus mark at $4.66 per share, indicating a year-over-year increase of 2.42% [11]. Group 2: Strategic Partnerships and Growth Drivers - Cognizant is benefiting from an expanding clientele and a strong partner base, with business renewals and new opportunities driving growth in 2025 [2]. - The company has seen increased client confidence in digital and cloud transformation investments, particularly in the Financial Services sector [4]. - Cognizant has collaborated with Beyond Bank Australia to enhance its digital banking experience, focusing on operational resilience and customer satisfaction [5]. - The partnership with Zscaler aims to transform enterprise security with an AI-enabled zero-trust cloud security platform [6]. - Collaboration with Palo Alto Networks in the third quarter of 2024 focuses on delivering AI-driven cybersecurity solutions [7]. Group 3: Valuation and Market Position - Cognizant's shares are considered undervalued, indicated by a Value Score of B [13]. - The forward 12-month Price/Sales ratio for CTSH is 1.90, significantly lower than the industry's 14.53 [14]. - The company's strong portfolio and expanding partner base reflect solid top-line growth potential, expected to increase share price in 2025 [14].
Cognizant Named to Newsweek's List of America's Greatest Workplaces for Diversity
Prnewswire· 2024-12-12 16:08
In addition to Newsweek's recognition, Cognizant has also earned numerous leadership awards over the past year from organizations including Fortune, Forbes, TIME, Indeed, and others. These accolades underscore Cognizant's global excellence in IT and client services, its investment in workplace wellbeing, and its advancements in innovation and societal impact across areas like sustainability, reliability and diversity. "Cognizant is honored to be recognized as a leader in IT and client services, workplace we ...
Beyond Bank and Cognizant join forces to lead the future of customer-owned banking
Prnewswire· 2024-12-11 21:00
Beyond Bank Australia leverages Cognizant's expertise to modernize IT infrastructure and enhance operational resilience.SYDNEY and TEANECK, N.J., Dec. 11, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has announced a collaboration with Beyond Bank Australia, one of Australia's largest customer-owned banks, to help revolutionize the digital banking experience. The collaboration aims to enhance operational resilience, streamline processes and improve customer experience through the implementation of innovativ ...
Why Is Cognizant (CTSH) Up 8.3% Since Last Earnings Report?
ZACKS· 2024-11-29 17:37
It has been about a month since the last earnings report for Cognizant (CTSH) . Shares have added about 8.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cognizant due for a pullback? 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 Q3 Earnings Beat Estimates, Revenues Up ...