Cognizant (NASDAQ:CTSH) today announced that Chief Financial Officer Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro Limited. The terms of the settlement, which was reached without any admission of liability by either party, are confidential. The settlement resolves all pending disputes between Mr. Dalal and Wipro.
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/3/2024 | Hold → Sell | Investec | ||
| 8/28/2024 | $90.00 | Buy | Jefferies | |
| 8/7/2024 | $73.00 → $75.00 | Underperform → Neutral | BofA Securities | |
| 7/2/2024 | Buy | Nomura | ||
| 6/24/2024 | $72.00 | Neutral | Goldman | |
| 4/1/2024 | $87.00 → $80.00 | Positive → Neutral | Susquehanna | |
| 3/19/2024 | $80.00 | Neutral | Guggenheim | |
| 1/30/2024 | $82.00 | Neutral | Mizuho |
Global learning solutions provider renews collaboration with Cognizant to help optimize its back-office IT operations, enhance efficiencies, and support timely order management and product delivery TEANECK, N.J., Nov. 14, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today the continuation of its relationship with Savvas Learning Company with the aim to ensure that IT functions run seamlessly for the leading K-12 learning solutions provider, supporting its mission of delivering innovative, high-quality instructional materials to the millions of educators and students it serves.
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO)), a leading technology services and consulting company, and Google Cloud today announced the launch of Wipro's Google Gemini Experience Zone, a new in-person experience where Wipro customers can see the power of Google's AI technologies and work with Wipro to identify the optimal generative AI use cases for their businesses. Wipro's Google Gemini Experience Zone will be hosted at Wipro's innovation labs in Silicon Valley Innovation Center, Mountain View. A similar experience zone will soon be set up in Bengaluru. These zones will serve as spaces where enterprises can gain hands-on experience with Google's AI technology, including Gemini mod
Collaboration debuts solutions that aim to enable enterprises to manage complexity, modernize legacy applications and innovate with enterprise-scale AI. TEANECK, N.J. , Nov. 6, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) and IBM announced the debut of a new FinOps1 Center of Excellence (CoE), built on IBM's leading FinOps software and Cognizant's cloud and developer platforms. The global innovation center harnesses the strengths of Cognizant's industry and technology expertise, combined with IBM solutions, to help global clients address challenges, including escalating costs, around AI readiness, cloud governance and architecture modernization.
Investec downgraded Wipro from Hold to Sell
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
10-Q - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Filer)
8-K - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Filer)
6-K - WIPRO LTD (0001123799) (Filer)
SC 13G/A - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Subject)
SC 13G/A - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Subject)
SC 13G - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Subject)
Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, today announced the appointment of Srikumar Rao as Global Head of its Engineering Edge Business Line, effective from October 5, 2024. Srikumar succeeds Harmeet Chauhan, who is stepping down to pursue opportunities outside the organization. Srikumar will report to Srini Pallia. Srikumar has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Chief Operating Officer (COO) of Wipro Engineering Edge (WEE) and Global Practice Head of Embedded Systems. His work has spanned several markets, selling and delivering
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
In the last three months, 9 analysts have published ratings on Cognizant Tech Solns (NASDAQ:CTSH), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 5 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $77.89, a high estimate of $85.00, and a low estimate of $72.00. Highlightin
Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:CTSH) with a Equal-Weight and raises the price target from $75 to $80.
Cognizant (NASDAQ:CTSH) and Whitbread have expanded their digital transformation relationship which will see the professional services provider support the hospitality company's ongoing digital transformation with product design, product management and engineering as Whitbread expands its operations in the UK and Germany.
4 - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
4 - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
4 - COGNIZANT TECHNOLOGY SOLUTIONS CORP (0001058290) (Issuer)
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,
Net income grew 6.8% QoQ and 21.3% YoY. IT Services revenue grew 1.3% QoQ. Margin expands 35 basis points QoQ. Large Deal Bookings at $1.5 billion, highest in 10 quarters. Operating cash flows at 132.3% of net income. Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2024. Highlights of the Results Results for the Quarter ended September 30, 2024: Gross revenue was at Rs 223.0 billion ($2,662.6 million1), an increase of 1.5% QoQ and decrease of 1.0% YoY. IT services segment revenue was at $2,660.1 million, an
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