Cognizant Technology Solutions Corporation

$CTSH
EDP Services
Technology

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. The company operates through four segments: Financial Services; Healthcare; Products and Resources; and Communications, Media and Technology. It offers customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generation payments; and enhanced compliance, integrated health management, claims investigative services, and patient experience, as well as services that drive operational improvements in areas, such as claims processing, enrollment, membership, and billing to healthcare providers and payers, and life sciences companies, including pharmaceutical, biotech, and medical device companies. The company also provides solution to manufacturers, retailers and travel and hospitality companies, as well as companies providing logistics, energy and utility services; and cloud, interactive, and IoT services to information, media and entertainment, and communications and technology companies. Cognizant Technology Solutions Corporation was founded in 1994 and is headquartered in Teaneck, New Jersey.

IPO Year: 1998

Exchange: NASDAQ

Website: cognizant.com

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Recent Analyst Ratings for Cognizant Technology Solutions Corporation

DatePrice TargetRatingAnalyst
12/17/2024$80.00 → $95.00Equal Weight → Overweight
Barclays
8/28/2024$90.00Buy
Jefferies
8/7/2024$73.00 → $75.00Underperform → Neutral
BofA Securities
6/24/2024$72.00Neutral
Goldman
4/1/2024$87.00 → $80.00Positive → Neutral
Susquehanna
3/19/2024$80.00Neutral
Guggenheim
1/30/2024$82.00Neutral
Mizuho
1/5/2024$67.00Hold → Sell
Societe Generale
1/4/2024Underperform → Peer Perform
Wolfe Research
12/14/2023$61.00 → $75.00Underweight → Equal Weight
Barclays
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Cognizant Technology Solutions Corporation Press Releases

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  • Cognizant and ServiceNow Launch AI-Powered Dispute Management Solution for Mid-Market Banks

    The BPaaS solution is designed to streamline the dispute resolution process and enhance customer satisfaction TEANECK, N.J., March 27, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today the launch of an AI-powered dispute management solution in partnership with ServiceNow (NYSE:NOW). This Business Process as a Service (BPaaS) offering is specifically designed for mid-market banks in North America with the goal of streamlining the dispute resolution process and enhancing customer satisfaction. Mid-market banks struggle with managing customer disputes due to fragmente

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    Computer Software: Prepackaged Software
  • Cognizant Named to Fortune's America's Most Innovative Companies 2025 List

    Company recognized for product and process innovation and culture for the third consecutive year TEANECK, N.J., March 26, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced that it has been recognized on Fortune's list of "America's Most Innovative Companies 2025". This prestigious award is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider, and recognizes organizations that lead the charge in fostering creativity, advancing technology, and driving transformational change. The awards list was announced on March 26, 2025, and can be viewed on the Fortune website.

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  • Cognizant Hosts Investor Day to Discuss Long-Term Growth Strategy for the Next Wave of AI-Driven Technology Transformation

    Board approves $2 billion increase to share repurchase authorization Company adds $500 million to 2025 share repurchase plan, bringing expected total to $1.1 billionTEANECK, N.J., March 25, 2025 /PRNewswire/ --  Cognizant (NASDAQ:CTSH) will today host an Investor Day, beginning at 1:00 p.m. ET. At the event, members of Cognizant's executive leadership team will outline the Company's progress against its strategic priorities and unveil its long-term growth strategy. Participants will also have an opportunity to hear from top clients and partners about Cognizant's differentiated capabilities supporting their AI journeys, and to experience demonstrations of several of Cognizant's AI-enabled pla

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  • Cognizant to Deploy Neuro AI Platform to Accelerate Enterprise AI Adoption in Collaboration with NVIDIA

    Cognizant will offer solutions across key growth areas, including enterprise AI agents, tailored industry large language models and infrastructure with NVIDIA AI. TEANECK, N.J., March 25, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced advancements built on NVIDIA AI aimed at accelerating the cross-industry adoption of AI technology in five key areas: enterprise AI agents, industry-specific large language models (LLMs), digital twins for smart manufacturing, foundational infrastructure for AI, and the capabilities of Cognizant's Neuro® AI platform to integrate NVIDIA AI technology and orchestrate across the enterprise technology stack.

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  • Ethisphere Names Cognizant as one of the 2025 World's Most Ethical Companies®

    Annual recognition honors organizations committed to business integrity through robust ethics, compliance, and governance programs TEANECK, N.J., March 11, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH), today announced that it has received the 2025 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This prestigious award honors companies that demonstrate a commitment to ethical business practices through robust programs that positively impact employees, communities, and broader stakeholders as well as contributing to sustainable, long-term business growth.

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  • Boehringer Ingelheim and Cognizant announce the launch of a unified cloud platform to bring innovative therapies to patients faster

    Powered by the Veeva Development Cloud, the system brings together previously disparate functions to streamline the medicinal development process and enhance operational efficiencies TEANECK, N.J., March 11, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) and Boehringer Ingelheim  announced today the go-live of an end-to-end technology platform powered by the Veeva Development Cloud, designed to accelerate the global biopharmaceutical leader's delivery of life-transforming treatments. The milestone marks the completion of Phase One of the collaboration, which was first announced in 2023.

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  • Cognizant to Host Investor Day on March 25, 2025

    TEANECK, N.J., March 4, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced that it will host an Investor Day on Tuesday, March 25, 2025, at 1:00 p.m. ET. The event will feature remarks by Chief Executive Officer Ravi Kumar S, Chief Financial Officer Jatin Dalal, and other members of the senior leadership team. The presentations will outline Cognizant's progress against its strategic priorities and focus on capturing the new wave of AI-driven technology transformation, which is expected to unlock additional growth opportunities. The event will be webcast live and avai

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  • Belcan Establishes Aerospace & Defense Hub in Toulouse, France

    CINCINNATI, Feb. 24, 2025 /PRNewswire/ -- Belcan, LLC (a Cognizant company), a global supplier of design, software, manufacturing, supply chain, information technology, and digital engineering solutions to the aerospace, defense, space, automotive, industrial, marine, and government services markets, today announced the opening of its new office in Toulouse, France. This strategic expansion enables the company to better support the growing demands of the global aerospace and defense industry, as well as local original equipment manufacturers (OEMs). Located in the heart of Tou

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  • Etex and Cognizant team up to boost innovation with AI and Automation

    Renewed collaboration will see Cognizant provide support across IT services with the aim of reducing overall costs and significantly improving the user experience BRUSSELS, Feb. 18, 2025 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced the extension of its agreement with Etex, a global leader in sustainable building materials and lightweight construction. The five-year collaboration will involve implementing specific GenAI and chatbot solutions to enhance user experience and automate tasks, ensuring stable and optimized delivery. The use of AI and automation will help s

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  • Cognizant and Elektrobit Collaborate to Accelerate Development of Software-Defined Vehicles

    Cognizant's solution accelerator, powered by Elektrobit's Adaptive AUTOSAR solution, is designed to meet increasing customer demands by accelerating the development cycle for Software-Defined Vehicles TEANECK, N.J., Feb. 12, 2025  /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced a new collaboration with Elektrobit, an award-winning automotive software company, to integrate Elektrobit's Software Development Kit (SDK) for EB corbos AdaptiveCore into Cognizant's software-defined vehicle (SDV) solution accelerator. This enhanced accelerator, featuring Elektrobit's proven Adaptive AUTOSAR solution, aims to help original equipment manufacturers (OEMs) and Tier 1 suppliers create scalable,

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    Technology

Cognizant Technology Solutions Corporation Analyst Ratings

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Cognizant Technology Solutions Corporation Insider Trading

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Cognizant Technology Solutions Corporation SEC Filings

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Cognizant Technology Solutions Corporation Leadership Updates

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  • Cognizant Appoints Rajesh Varrier as Global Head of Operations and Chairman & Managing Director, India

    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.

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  • Cognizant Names Karima Silvent to Board of Directors

    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

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  • Congruent Solutions Appoints Mahesh Natarajan as Chief Revenue Officer

    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

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  • Lexitas Announces Appointment of Sriram Venkateswaran as Chief Financial Officer

    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

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  • Cognizant Appoints Jatin Dalal as Chief Financial Officer

    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.

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  • Former Senior Cognizant Executive to join Cprime as President and Member of the Board of Directors

    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

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  • Cognizant Names Bram Schot to Board of Directors

    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

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  • Cognizant Names Nella Domenici to Board of Directors

    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

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Cognizant Technology Solutions Corporation Financials

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  • Cognizant Reports Fourth Quarter and Full-Year 2024 Results

    Fourth quarter revenue of $5.1 billion increased 6.8% year-over-year or 6.7% in constant currency1, at the high end of our guidance rangeFull-year revenue of $19.7 billion increased 2.0% year-over-year or 1.9% in constant currencyFull-year operating margin of 14.7% increased 80 basis points year-over-year; Adjusted Operating Margin1 of 15.3% increased 20 basis points year-over-yearTrailing 12-month bookings of $27.1 billion, up 3% year-over-year, driven by 11% year-over-year fourth quarter bookings growth$1.2 billion returned to shareholders through share repurchases and dividends in 2024Cash dividend increased 3% to $0.31 per share for Q1 20252025 revenue growth guidance of 3.5% to 6.0% in

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  • Cognizant Schedules Fourth Quarter 2024 Earnings Release and Conference Call

    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:

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  • Cognizant Reports Third Quarter 2024 Results

    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,

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  • Cognizant Schedules Third Quarter 2024 Earnings Release and Conference Call

    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

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  • Cognizant Completes Acquisition of Belcan

    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

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  • Cognizant Reports Second Quarter 2024 Results

    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

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  • Cognizant Schedules Second Quarter 2024 Earnings Release and Conference Call

    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

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  • COGNIZANT TO ACQUIRE BELCAN FOR APPROXIMATELY $1.3 BILLION TO SIGNIFICANTLY STRENGTHEN ENGINEERING CAPABILITIES AND ESTABLISH A LEADERSHIP POSITION IN AEROSPACE & DEFENSE MARKET

    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

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  • COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS

    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

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  • Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call

    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

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Cognizant Technology Solutions Corporation Large Ownership Changes

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