Key Developments: Cognizant Technology Solutions Corp (CTSH.OQ)

CTSH.OQ on NASDAQ Stock Exchange Global Select Market

63.00USD
27 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Cognizant Technology Solutions Corp gives Q1, FY 2015 outlook
Wednesday, 4 Feb 2015 06:00am EST 

Cognizant Technology Solutions Corp:Expects Q1 2015 revenue to be at least $2.88 bln.Expects Q1 2015 diluted EPS on a non-GAAP basis to be at least $0.69.Expects FY 2015 revenue to be at least $12.21 bln, up at least 19% compared to 2014.Expects FY 2015 diluted EPS on a non-GAAP basis to be at least $2.91.Q1 2015 revenue of $2.88 bln, EPS of $0.70 - Thomson Reuters I/B/E/S.FY 2015 revenue of $12.31 bln, EPS of $2.99 - Thomson Reuters I/B/E/S.  Full Article

Cognizant completes Acquisition of TriZetto
Thursday, 20 Nov 2014 11:30am EST 

Cognizant Technology Solutions Corp:Completes the acquisition of TriZetto Corp.Combination of the Cognizant and TriZetto platform and capabilities will enable healthcare organizations to focus on making their operations as efficient as possible, while at the same time investing to drive future growth in an increasingly competitive environment.  Full Article

Cognizant Technology Solutions Corp acquires Odecee
Wednesday, 12 Nov 2014 01:30am EST 

Cognizant Technology Solutions Corp:Says the acquisition of Odecee, a provider of digital solutions to enterprises in the Australia and New Zealand region.Says the terms of the transaction were not disclosed.  Full Article

Cognizant Technology Solutions Corp gives Q4 2014 guidance above analysts' estimates; raises FY 2014 guidance
Wednesday, 5 Nov 2014 06:01am EST 

Cognizant Technology Solutions Corp:Expects Q4 2014 revenue to be between $2.61 billion and $2.64 billion.Expects Q4 2014 non-GAAP diluted EPS to be at least $0.63.Raises guidance for FY 2014 revenue and non-GAAP EPS.Expects FY 2014 revenue to be between $10.13 billion and $10.16 billion.Expects FY 2014 non-GAAP diluted EPS to be at least $2.57.Q4 2014 revenue of $2.58 billion and EPS of $0.62 - Thomson Reuters I/B/E/S.FY 2014 revenue of $10.10 billion and EPS of $2.48 - Thomson Reuters I/B/E/S.  Full Article

Vorwerk selects Cognizant for Wide Range of IT Services
Friday, 24 Oct 2014 03:00am EDT 

Cognizant Technology Solutions Corp:Has been selected by Vorwerk Group.To transform its IT infrastructure and provide application services.Through this transition, Vorwerk Group will be able to standardize and centralize its IT environment to a higher degree while driving down costs.  Full Article

Cognizant acquires Cadient Group to help clients drive business transformation through digital technologies
Tuesday, 7 Oct 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Announced it has acquired Cadient Group.Says this acquisition further strengthens and expands Cognizant's digital marketing capabilities, enabling brand marketing leaders.Terms of transaction were not disclosed.  Full Article

Cognizant Technology Solutions Corp to acquire TriZetto Corporation
Monday, 15 Sep 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Enters into definitive agreement to acquire TriZetto Corporation for $2.7 billion in cash.Cognizant intends to finance transaction through combination of cash on hand and debt and has secured $1 billion of committed financing in support of transaction.Transaction is expected to close in fourth quarter of 2014.Cognizant was advised by Credit Suisse, UBS Securities LLC and Centerview Partners.Legal counsel to Cognizant was provided by Latham & Watkins LLP and Nishith Desai Associates.TriZetto was advised by JP Morgan Securities LLC and Goldman, Sachs & Co. Legal counsel to TriZetto was provided by Kirkland & Ellis LLP.  Full Article

Montclair State University selects Cognizant Technology Solutions Corp to transform financial management and decision-making to support growth
Thursday, 7 Aug 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Announces that it has been selected by Montclair State University.To revitalize its finance organization and deliver superior experience to its students, staff, customers, and partners.Says as part of multiyear agreement, Cognizant will implement Oracle's PeopleSoft Financial Management System and provide IT infrastructure support in areas ranging from finance and accounting, to procurement and grants for the duration of implementation.New system is designed to leverage world-class financial processes and best practices to help Montclair State University improve productivity, agility, and customer service.  Full Article

Cognizant Technology Solutions Corp lowers FY 2014 revenue guidance; maintains FY 2014 EPS guidance; gives Q3 2014 guidance mixed guidance
Wednesday, 6 Aug 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Says that due to weakness at certain clients and longer than anticipated sales cycles for certain large integrated deals, the company is adopting more conservative stance for remainder of year.Revises FY 2014 revenue guidance to growth of at least 14 pct. over prior year, while maintaining its FY 2014 non-GAAP EPS guidance of $2.54.Expects Q3 2014 revenue to be between $2.55 bln and $2.58 bln.Expects Q3 2014 non-GAAP diluted EPS to be at least $0.63.Reported revenue of $8.843 bln in FY 2013.FY 2014 revenue of $10.337 bln - Thomson Reuters I/B/E/S.Q3 2014 revenue of $2.66 bln and EPS of $0.61 - Thomson Reuters I/B/E/S.  Full Article

Cognizant Technology Solutions Corp expanded stock repurchase program
Wednesday, 6 Aug 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Directors approved an increase of Company's stock repurchase program by $500 mln, from $1.5 bln to $2.0 bln.And extended term of program to Dec. 31, 2015.Since inception of program, company has repurchased over $1.1 bln of its shares under this program.Repurchases are expected to be funded using Company's cash on hand and cash generated from operations.This Program may be extended, suspended or discontinued at any time.  Full Article

Indian stocks rise on value buying, HDFC Bank's $1.6 bln share sale

MUMBAI, Feb 5 - Indian shares rose on Thursday on value buying in blue-chips after closing at their lowest in two weeks in the previous session, while a strong response to HDFC Bank's $1.6 billion share offering also bolstered sentiment for its rivals.

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