The near-term prospects of the Zacks Business-Software Services industry participants are likely to be hurt as organizations push back their investments in big and expensive technology products amid the current macroeconomic challenges and geopolitical tensions. Still-high interest rates and protracted inflationary conditions are major headwinds. These, along with elevated operating expenses related to hiring new employees and sales and marketing strategies to capture more market share, are expected to stra ...

Silvent brings significant experience in human resources, talent management, public policy and government affairsTEANECK, N.J., July 11, 2024  /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced the appointment of Karima Silvent to its Board of Directors (the "Board") as an independent director, effective immediately. In connection with Ms. Silvent's appointment, Cognizant's Board has expanded to 13 members, 12 of whom are independent.Karima Silvent named to Cognizant's board of directorsMs. Silvent cu ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Cognizant and Yseop, a leading artificial intelligence (AI) software company, have announced a plan to partner to help accelerate and scale the delivery of scientific content in the biopharma industry through generative AI. By utilising Yseop Copilot to transform medical writing in life sciences, the companies are hoping to enhance productivity in the development process and expedite the market introduction of new, life-saving treatments. Cognizant aims to help de ...

Cognizant Technology Solutions (CTSH) benefits from an expanding portfolio with the recent launch of Neuro Edge, a new platform in its Neuro suite.The solution empowers businesses across industries to harness the power of edge AI, enabling real-time decision-making and operational efficiency while reducing dependency on centralized servers and the cloud.Neuro Edge supports a hybrid Cloud + Edge AI approach, ensuring data privacy, security and seamless integration with existing IT environments.With applicati ...

With AI being all the rage, it’s no surprise that investors want to get their hand into the “cookie jar” of AI-adjacent stocks. Big data companies are going to be one of the biggest winners from this surge — they provide the data through which models are trained. The returns provided by these companies have regularly beaten market indices, and have often provided investors with consistent triple-digit growth. However, the sector is extremely competitive and volatile. Certain companies that were touted as “c ...

Platform enables real-time AI-enabled data processing across industries, enhancing data privacy and operational efficiency.TEANECK, N.J., July 1, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced the launch of Cognizant Neuro®️ Edge, a new platform in the Cognizant Neuro®️ suite, designed to empower businesses across industries to leverage artificial intelligence and generative AI at the edge.Edge computing enables enterprises to access computing power via sensors and devices on their networks, reduci ...

Cognizant Technology Solutions (CTSH) recently announced a new agreement with Texas Dow Employees Credit Union (TDECU), the largest credit union in Houston and the fourth largest in Texas, to accelerate its ‘Run the Business’ transformation journey.As part of the collaboration, Cognizant will deploy its Neuro IT Operations platform, an AI-driven automation solution, to transform TDECU’s enterprise infrastructure and technology, boosting operational efficiency and resilience while generating substantial cost ...

Cognizant Technology Solutions (CTSH) recently announced the expansion of its partnership with Cengage Group, a prominent global edtech company catering to students from middle school through graduate studies and skills education.The seven-year agreement enhances Cognizant’s role in delivering advanced technology services, aimed at improving operational efficiency and supporting Cengage Group’s ongoing digital transformation efforts.Building on the successful collaboration in developing Cengage Unlimited, a ...

Cognizant will provide infrastructure, data, and testing services to support the credit union's transformation for the next five years. TEANECK, N.J., June 27, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today a new agreement with Texas Dow Employees Credit Union (TDECU), the largest credit union in Houston and the fourth largest in Texas, to accelerate its 'Run the Business' transformation journey. Cognizant, a global leader in digital transformation, will be leveraging its Neuro® IT Operation ...

abluecup/iStock via Getty Images Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is an IT services provider whose shares are down by 21% since March 2022, in contrast to my bullish thesis at that time. The shares did go up momentarily but then suffered a long slide mostly because quarterly revenues trended lower as charted below. Data by YCharts Now, this revenue decline was precisely why its CEO was replaced in January of last year, and, since I got it wrong in 2022, this time I will assess th ...