NASDAQ-NMS:CTSH

COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS

Retrieved on: 
Wednesday, May 1, 2024
Cloud, Cognizant, PEAK, AI, FCC, Google Cloud, Partnership, Facet, HFS, Intelligence, Shopify, Culture, Fortune (magazine), NVIDIA, Intellectual property, Drug discovery, GAAP, Telstra, Fraud, Machine learning, LexisNexis, Health, Airline, Workforce, FICO, Performance, IDC, Nextgen, ServiceNow, Doctor of Philosophy, Insurance, Pon Holdings, Artificial intelligence, Assessment, Engineering, Automation, First officer (aviation), Microsoft, EPS, CPG, Science, Patient, Acquisition, CNO, Share repurchase, Telecommunications, Adjustment, Growth

The Company repurchased 1.4 million shares for $110 million during the first quarter under its share repurchase program.

Key Points: 
  • The Company repurchased 1.4 million shares for $110 million during the first quarter under its share repurchase program.
  • In April 2024, the Company declared a quarterly cash dividend of $0.30 per share for shareholders of record on May 20, 2024.
  • The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com .
  • An earnings supplement will also be available on the Cognizant website at the time of the conference call.

Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience

Retrieved on: 
Sunday, April 28, 2024
AI, CTSH, Software engineering, Partnership, Artificial intelligence, Culture, Telecommunications, Growth, Management

SYDNEY and TEANECK, N.J., April 28, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced a five-year strategic partnership with Telstra as part of the Australian telecommunications and technology company's strategy for growth. Cognizant will introduce new ways of working to accelerate Telstra's software engineering and IT capabilities and leverage modern technologies, such as artificial intelligence (AI) to drive innovation and improve operational efficiency.

Key Points: 
  • The strategic partnership seeks to accelerate Telstra's technology outcomes with Cognizant implementing modern product engineering practices that will enable Telstra to further improve its customer experience and speed to market.
  • Leveraging its global capabilities, Cognizant will support Telstra's strategy to enable more efficient software engineering and IT operations and decommission legacy systems.
  • Moreover, the strategic partnership aims to support employee experience by building a superior engineering experience, further fostering a modern and innovative culture within Telstra.
  • "Our strategic partnership with Cognizant will help us build our modern software engineering capability – defined by modern product engineering practices, the latest tools and a stable workforce," said Kieran O'Meara, Head of Software Engineering and IT at Telstra.

Cognizant's Bluebolt Program Delivers More Than $150M in Estimated Annualized Cost Savings for Enterprises

Retrieved on: 
Thursday, April 25, 2024
Cognizant, AI, Collaboration, CTSH, Garage, Machine learning, Ideation, Electricity, Research, Gen, Maxima and minima, SVP, Microsoft, Financial services, Data management, Ageing, Running, Algorithm

TEANECK, N.J., April 25, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading global technology company, has driven more than $150 million in estimated annualized cost savings across more than 1,100 client implementations via its Bluebolt grassroots innovation program, which launched a year ago in April 2023. Building on a decade of focus on innovation, Cognizant introduced Bluebolt to empower its global associates to devise and submit ideas – large and small – with the goal of advancing clients' success. In that time, Cognizant has seen a surge in participation from its associates worldwide, with more than 130,000 ideas submitted to date, more than 23,000 ideas implemented and more than 8,000 related projects in progress with clients.

Key Points: 
  • Overall, 220,000 Cognizant associates have been trained on Bluebolt, of which 93,000 have been trained on design thinking specifically.
  • To date, across industries, Cognizant clients in the Manufacturing/Logistics/Energy/Utilities, Insurance, and Banking and Financial Services sectors have implemented the most Bluebolt ideas.
  • Last year, Cognizant augmented the Bluebolt program with "Bluebolt Garage," a program that capitalizes on the company's bench capacity and entry-level talent to rapidly convert ideas to prototypes or Minimum Viable Products (MVPs) for clients.
  • For example a large energy company in the U.S. experienced challenges managing an aging electricity network while integrating renewable energy resources.

Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation

Retrieved on: 
Monday, April 22, 2024
USD, GitHub Copilot, Cognizant, Safety, Responsibility, AI, Health, Friction, Partnership, Research, Science, First officer (aviation), Synthetic media, Microsoft, Privacy, Research report, Work, GitHub, Media, Intellectual property, Security, Student, Synapse, Organization, Growth, Medical device

TEANECK, N.J., April 22, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) and Microsoft Corp. announced an expanded partnership with the goal of making Microsoft's generative AI and Copilots available to millions of users, to transform enterprise business operations, enhance employee experiences and accelerate cross-industry innovation. 

Key Points: 
  • Expanded partnership will leverage Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalize generative AI and realize strategic business transformation.
  • This partnership also has the potential to significantly accelerate AI adoption and innovation in India.
  • In addition, Cognizant will work to deploy Microsoft 365 Copilot to a million users within their global 2000 clients and across 11 industries.
  • "Generative AI can be a game-changer for virtually every business in every industry, opening up new possibilities for innovation, efficiency and growth," said Ravi Kumar S, CEO, Cognizant.

Cognizant and FICO Partner to Help Banks Prevent Real-Time Payments Fraud

Retrieved on: 
Wednesday, April 17, 2024
Transfer, Partner, RTP, Credit transfer, Capital market, CTSH, Machine learning, Artificial intelligence, Senior, FICO, FedNow, Fraud

TEANECK, N.J. and BOZEMAN, Mont., April 17, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced today a planned collaboration with FICO, a leading analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO® Falcon® Fraud Manager. The joint offering would leverage both firms' artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.

Key Points: 
  • The joint offering would leverage both firms' artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.
  • While real-time payments have ushered in a new era of speed and convenience, they have also opened the door for scammers.
  • The Cognizant and FICO offering would tackle this challenge by providing real-time fraud prevention with a seamless integration of the real-time payments rails.
  • Our collaboration with Cognizant aims to provide stronger protection for real-time payments by combining the Cognizant communication layer and clearing gateway with FICO Falcon Fraud Manager, the leading payments fraud management solution," said Alexandre Graff, Global Head of Partners & Alliances at FICO.

Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities

Retrieved on: 
Thursday, April 11, 2024
Education, Digital technology, Volunteering, CoderDojo, Organization, Full, Cognizant, Investment, Learning, Digital integration, Woman, Policy, AI, School, CTSH, ICT Academy, Code Club, DevOps, Library, NGA, STEM, Intelligence, Senior, Best practice, Work, Workforce, Corporate Affairs, Student, Veteran, Management

TEANECK, N.J., April 11, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading global technology company, has awarded $70 million in philanthropic funds through 117 grants to 77 organizations globally since 2018. This milestone builds on Cognizant's long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities. More recently, Cognizant's corporate giving effort has been embedded as a key part of the company's Synapse initiative to train one million individuals for the jobs of the future by the end of 2026.

Key Points: 
  • This milestone builds on Cognizant's long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities.
  • Cognizant has a deep history of investing in training and educating the global workforce, as well as uplifting underrepresented communities and marginalized groups through pathways to success.
  • Taken together, these organizations have been instrumental in inspiring, educating, and preparing communities and individuals of all ages to succeed in today's rapidly evolving workforce.
  • Cognizant believes that a key ingredient in sustainability is investing in training and upskilling so that individuals are empowered with the technology skills to maintain their livelihoods and communities.

Cognizant Has Awarded $70 Million to Advance Globally Diverse Communities

Retrieved on: 
Thursday, April 11, 2024
Education, Digital technology, Volunteering, CoderDojo, Organization, Full, Cognizant, Investment, Learning, Digital integration, Woman, Policy, AI, School, CTSH, ICT Academy, Code Club, DevOps, Library, NGA, STEM, Intelligence, Senior, Best practice, Work, Workforce, Corporate Affairs, Student, Veteran, Management

TEANECK, N.J., April 11, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading global technology company, has awarded $70 million in philanthropic funds through 117 grants to 77 organizations globally since 2018. This milestone builds on Cognizant's long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities. More recently, Cognizant's corporate giving effort has been embedded as a key part of the company's Synapse initiative to train one million individuals for the jobs of the future by the end of 2026.

Key Points: 
  • This milestone builds on Cognizant's long history investing philanthropic dollars into global skilling programs and building partnerships that drive economic mobility for under-represented communities.
  • Cognizant has a deep history of investing in training and educating the global workforce, as well as uplifting underrepresented communities and marginalized groups through pathways to success.
  • Taken together, these organizations have been instrumental in inspiring, educating, and preparing communities and individuals of all ages to succeed in today's rapidly evolving workforce.
  • Cognizant believes that a key ingredient in sustainability is investing in training and upskilling so that individuals are empowered with the technology skills to maintain their livelihoods and communities.

Cognizant Schedules First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Wednesday, April 10, 2024
CTSH, Cognizant, Information technology, Online shopping

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.

Key Points: 
  • 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: Cognizant Call.
  • The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com .

Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail

Retrieved on: 
Tuesday, April 9, 2024
Cloud, Cognizant, Generative, Synthetic media, SVP, Google Cloud, Growth, Commerce, Online shopping

TEANECK, N.J., April 9, 2024 /PRNewswire/ -- Cognizant announced a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernization for global retailers and brands. The alliance is focused on bringing together the power of Shopify's leading commerce platform, Google Cloud's core cloud infrastructure, and client delivery of Cognizant's retail industry advisory and technology implementation specialists.

Key Points: 
  • TEANECK, N.J., April 9, 2024 /PRNewswire/ -- Cognizant announced a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernization for global retailers and brands.
  • The alliance is focused on bringing together the power of Shopify's leading commerce platform, Google Cloud's core cloud infrastructure, and client delivery of Cognizant's retail industry advisory and technology implementation specialists.
  • By utilizing Shopify's commerce operating system, built on Google Cloud, along with the expansive suite of Google Cloud offerings, brands will have the foundational technology needed for Cognizant to execute impactful digital transformation and deliver benefits across a range of retail scenarios.
  • "We're excited to align with Shopify and Google Cloud to transform the commerce experience for retail businesses by offering a pathway to generative AI-powered platform, technology and cloud modernization in one place," said Sushant Warikoo, SVP and head of Cognizant's retail business unit.

Cognizant Teams with Shopify and Google Cloud To Transform Enterprise Retail

Retrieved on: 
Tuesday, April 9, 2024
Cloud, Cognizant, Generative, Synthetic media, SVP, Google Cloud, Growth, Commerce, Online shopping

TEANECK, N.J., April 9, 2024 /PRNewswire/ -- Cognizant announced a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernization for global retailers and brands. The alliance is focused on bringing together the power of Shopify's leading commerce platform, Google Cloud's core cloud infrastructure, and client delivery of Cognizant's retail industry advisory and technology implementation specialists.

Key Points: 
  • TEANECK, N.J., April 9, 2024 /PRNewswire/ -- Cognizant announced a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernization for global retailers and brands.
  • The alliance is focused on bringing together the power of Shopify's leading commerce platform, Google Cloud's core cloud infrastructure, and client delivery of Cognizant's retail industry advisory and technology implementation specialists.
  • By utilizing Shopify's commerce operating system, built on Google Cloud, along with the expansive suite of Google Cloud offerings, brands will have the foundational technology needed for Cognizant to execute impactful digital transformation and deliver benefits across a range of retail scenarios.
  • "We're excited to align with Shopify and Google Cloud to transform the commerce experience for retail businesses by offering a pathway to generative AI-powered platform, technology and cloud modernization in one place," said Sushant Warikoo, SVP and head of Cognizant's retail business unit.