Joint study between Cognizant and Oxford Economics predicts AI will drive 46% of consumer transactions in the U.S. by 2030, underscoring the business need to leverage AI to reimagine customer experiences TEANECK, N.J., Jan. 17, 2025 /PRNewswire/ -- Today Cognizant (NASDAQ:CTSH), in collaboration with Oxford Economics, unveiled new insights into how artificial intelligence (AI) is set to revolutionize the consumer purchasing journey by 2030 and drive significant economic impact. The study, New Minds, New Markets, shows that as income and purchasing power increases among 18 to 44-year-old AI enthusiasts, this demographic will command an estimated $4.4 trillion of AI-influenced consumer spendin

New development framework and services fast track multi-agent adoption by enabling interoperability and scalability to transform business processes TEANECK, N.J., Jan. 16, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) has announced its Neuro® AI Multi-Agent Accelerator and Multi-Agent Service Suite. These new offerings accelerate the development and adoption of AI agents, helping empower businesses to transform their business processes using AI agents for adaptive operations, real-time decision-making, and personalized customer experiences - to support all facets of business, from IT and finance to sales and marketing.

TEANECK, N.J., Jan. 15, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth quarter of 2024 on Wednesday, February 5, 2025 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode:

Cognizant Stores 360 aims to unify the retail ecosystem and elevate customer experiences through integrated, automated and predictive capabilities, powered by ServiceNow. TEANECK, N.J., Jan. 13, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced the launch of Stores 360, a comprehensive retail solution designed to streamline store operations, enhance employee productivity and improve customer experiences. Developed in collaboration with ServiceNow, the solution leverages the Cognizant Neuro® AI platform and generative AI-powered Now Assist solution to support every touchpoint in the retail value chain, enabling frictionless and efficient operations.

BHUBANESWAR, India, Jan. 10, 2025 /PRNewswire/ -- Ravi Kumar S, CEO of Cognizant, a leading global technology company, has been honored with the prestigious Pravasi Bharatiya Samman Award, the highest accolade awarded by the Government of India for overseas Indians. The honor was conferred by Smt. Droupadi Murmu, President of India at the Pravasi Bharatiya Divas Convention in Bhubaneswar, Odisha. The award acknowledges the outstanding contributions of the Indian diaspora for creating a better understanding of India abroad, supporting India's causes and working for the welfare of the Indian community.

Cognizant's solution accelerator, powered by Siemens' PAVE360, aims to meet increasing customer demands by speeding up the development cycle for SDVs TEANECK, 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 meet rising customer demands by accelerating the SDV development cycle. It is designed to enable continuous and simulated verification and validation, streamline the development process and r

Certification recognizes Cognizant's leadership in developing, assessing, and deploying AI systems in a safe, trustworthy, and ethical way TEANECK, 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 while strengthening its position as a trusted partner in digital transformation.

Recognition adds to numerous awards Cognizant has received in 2024 for excellence across multiple categories  TEANECK, N.J., Dec. 12, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading global technology company, today announced it has been named to Newsweek's list of America's Greatest Workplaces for Diversity. This prestigious recognition celebrates the top companies that are dedicated to supporting a diverse workforce. In addition to Newsweek's recognition, Cognizant has also earned numerous leadership awards over the past year from organizations including Fortune, Forb

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 innovative technology solutions. Cognizant's engagement is expected to uplift Be

The combination of Zscaler's leading platform and Cognizant's expertise at the intersection of technology and industry aims to offer clients the capability to modernize, transform and simplify their enterprise security posture.As a Zscaler customer, Cognizant will also be empowered to accelerate business growth and protect clients with enhanced security capabilities.TEANECK, N.J., Dec. 10, 2024 /PRNewswire/ -- Cognizant ((CTSH) and Zscaler are expanding their partnership with the goal of helping enterprises across industries simplify and transform their security posture with an advanced, AI-enabled zero trust cloud security platform to address evolving cyber threats. Under the expanded partn

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TEANECK, N.J., Jan. 15, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the fourth quarter of 2024 on Wednesday, February 5, 2025 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode:

Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance rangesOperating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-yearAdjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.3xStrong growth in Health Sciences, up 7.8% year-over-year or 7.6% in constant currency, and return to growth in Financial Services,

TEANECK, N.J., Oct. 9, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the third quarter of 2024 on Wednesday, October 30, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: C

TEANECK, N.J., Aug. 27, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it completed the acquisition of Belcan for approximately $1.3 billion in cash and stock.  Belcan is a leading global supplier of Engineering Research & Development (ER&D) services for the commercial aerospace, defense, space, marine and industrial verticals.  First announced in June 2024, the strategic acquisition strengthens Cognizant's engineering capabilities, builds on its leadership in the Internet of Things (IoT) and Digital Engineering practice areas, and increases its presence in the h

Revenue of $4.9 billion, above the high end of our guidance range; sequentially increased 1.9%, or 2.1% in constant currency1Operating margin of 14.6%, up from 11.8% in the second quarter of 2023, and Adjusted Operating Margin1 of 15.2%, which expanded 100 basis points year-over-yearTrailing 12-month bookings of $26.2 billion; book-to-bill of 1.4xThird quarter of 2024 revenue guidance of flat to 1.5% year-over-year growth in constant currencyFull-year 2024 revenue guidance narrowed to a decline of 0.5% to growth of 1.0% in constant currency, an increase at the midpointFull-year 2024 Adjusted Operating Margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40

TEANECK, N.J., July 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the second quarter of 2024 on Wednesday, July 31, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: Co

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 clients Expected 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 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) (the "Company") today announced it has signed a definitive agreement to acquire Belcan, LLC ("Belcan"), a portfolio company of AE Industrial Part

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 rangeOperating margin of 14.6%, flat year-over-year, and Adjusted Operating Margin1 of 15.1%, which expanded 50 basis points year-over-yearTrailing 12-month bookings of $25.9 billion; book-to-bill of 1.3x$284 million returned to shareholders through share repurchases and dividends2024 revenue guidance unchanged at (2.0%) to 2.0% in constant currency2024 Adjusted Operating Margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40 basis pointsTEANECK, N.J., May 1, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), one of the worl

TEANECK, N.J., April 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), a leading provider of information technology, consulting, and business process services, will announce results for the first quarter of 2024 on Wednesday, May 1, 2024 after market close. Following the release, Cognizant management will conduct a conference call at 5:00 p.m. (Eastern) to discuss operating performance for the quarter. To participate in the conference call, domestic callers can dial 877-810-9510 and international callers can dial 201-493-6778 and provide the following conference passcode: Cogn

Full-year revenue of $19.4 billion declined 0.4% year-over-year, or declined 0.3% in constant currency1, which was within our guidance rangeFull-year operating margin of 13.9% and Adjusted Operating Margin1 of 15.1%, which was 40 basis points above our guidanceFull-year operating cash flow of $2.3 billion; free cash flow1 of $2.0 billion was 95% of net incomeTrailing 12-month bookings of $26.3 billion, up 9% year-over-year$1.7 billion returned to shareholders through share repurchases and dividends in 2023Cash dividend increased 3% to $0.30 per share for Q1 20242024 revenue growth guidance of (2%) to 2% in constant currency2024 Adjusted Operating Margin guidance 15.3-15.5%, an expansion of 2

Barclays upgraded Cognizant Tech from Equal Weight to Overweight and set a new price target of $95.00 from $80.00 previously

Jefferies resumed coverage of Cognizant Tech with a rating of Buy and set a new price target of $90.00

BofA Securities upgraded Cognizant Tech from Underperform to Neutral and set a new price target of $75.00 from $73.00 previously

Goldman initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $72.00

Susquehanna downgraded Cognizant Tech from Positive to Neutral and set a new price target of $80.00 from $87.00 previously

Guggenheim initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $80.00

Mizuho initiated coverage of Cognizant Tech with a rating of Neutral and set a new price target of $82.00

Societe Generale downgraded Cognizant Tech from Hold to Sell and set a new price target of $67.00

Wolfe Research upgraded Cognizant Tech from Underperform to Peer Perform

Barclays upgraded Cognizant Tech from Underweight to Equal Weight and set a new price target of $75.00 from $61.00 previously

Industry veteran brings 30 years of service, operations and digital experience to the role TEANECK, N.J., Aug. 21, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Rajesh Varrier  as Global Head of Operations, effective September 2, 2024.  Additionally, he will be appointed as Chairman & Managing Director, India, assuming the role October 1, 2024, as Rajesh Nambiar leaves Cognizant to become president of NASSCOM. Varrier will be an Executive Vice President of Cognizant, reporting to Ravi Kumar S, Cognizant's Chief Executive Officer. Varrier will be based in Bangalore, India.

Silvent brings significant experience in human resources, talent management, public policy and government affairs TEANECK, 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. Ms. Silvent currently serves as Group Chief Human Resources Officer and a member of the Management Committee of AXA, a French multinationa

Congruent Solutions, a leading provider of Software-as-a-Service (SaaS) and outsourced plan administration services to the retirement industry in the U.S., today announced the appointment of Mahesh Natarajan as its Chief Revenue Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424370676/en/Mahesh Natarajan, CRO, Congruent Solutions (Photo: Business Wire) Natarajan is an acknowledged techno-business leader in the insurance and retirement industry, having spent over 25 years with Cognizant (NASDAQ:CTSH), serving clients in the U.S. In this newly created role, Natarajan will be responsible for strengthening strategic rela

HOUSTON, Feb. 14, 2024 /PRNewswire/ -- Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, is pleased to announce the appointment of Sriram ('Sri") Venkateswaran as Chief Financial Officer. "Sri is an outstanding senior finance executive, and we are thrilled to have him on the Lexitas Team" said Gary Buckland, CEO of Lexitas. "Sri has over 20 years of global executive operating experience in Fortune 200 and private equity-owned firms. He is a results-driven Finance and Strategy leader, and we look forward to w

Seasoned public company executive brings strong financial and industry-specific expertise TEANECK, N.J., Sept. 28, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), one of the world's leading professional services companies, today announced the appointment of Jatin Dalal as Chief Financial Officer, with the appointment anticipated to be effective in December 2023. Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer, and oversee, among other responsibilities, Cognizant's worldwide financial planning and analysis, accounting and controllership, tax, treasury and internal audit, corporate development, investor relations and enterprise risk management functions.

Srinivasan Veeraraghavachary named Cprime's President, bringing tech leadership experience to accelerate growth CARY, N.C., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Cprime, a leading provider of agile ways of working and technology consulting services, today announced the appointment of Srinivasan Veeraraghavachary as the company's President and member of its Board of Directors. Mr. Veeraraghavachary previously spent more than two decades with Cognizant (NASDAQ:CTSH), holding several leadership positions, including most recently as Chief Operating Officer and Executive Vice President. During his tenure at Cognizant, he played a key role in driving strong and sustainable growth by defining go-to

Seasoned public company executive brings strong operational, managerial and technological expertise TEANECK, N.J., March 31, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Abraham ("Bram") Schot to its Board of Directors (the "Board") as an independent director, effective April 3, 2023. Cognizant's Board will expand to 14 members, 13 of whom will be independent. "We are pleased to welcome a leader of Bram's caliber to the Cognizant Board," said Stephen Rohleder, Chair of the Board. "With over three decades of experience in the automotive indust

Domenici brings strong expertise in strategic finance, corporate strategy and M&A TEANECK, N.J., Feb. 13, 2023 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the appointment of Nella Domenici to its Board of Directors (the "Board") as an independent director, effective February 21, 2023. Upon the commencement of Ms. Domenici's term, which will begin concurrently with the previously announced appointment of Eric Branderiz, Cognizant's Board will expand to 13 members, 12 of whom are independent. "We are pleased to welcome a financial and operations executive of Nella's