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Cognizant Technology Solutions Corp (CTSH.OQ)

CTSH.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Cognizant Technology announces expansion of its Latin American operations
Tuesday, 23 May 2017 06:00am EDT 

May 23 (Reuters) - Cognizant Technology Solutions Corp -:Says announced expansion of its Latin American operations with opening of a new center in Sao Paulo.  Full Article

Dexia and Cognizant in talks for collaboration on I.T. and business process services
Wednesday, 17 May 2017 02:42am EDT 

May 17 (Reuters) - Cognizant Technology Solutions Corp :Dexia and cognizant in exclusive talks for future collaboration on information technology and business process services.Cognizant- signed letter of intent for cognizant to be Dexia's provider of I.T., business process services for capital markets, credit operations in France and Belgium.Cognizant technology solutions - Co, Dexia to build new platform to run bank's credit operations, spanning functions like transaction settlements, records maintenance..  Full Article

Cognizant reports Q1 EPS $0.92
Friday, 5 May 2017 06:00am EDT 

May 5 (Reuters) - Cognizant Technology Solutions Corp :Q2 earnings per share view $0.90, revenue view $3.65 billion -- Thomson Reuters I/B/E/S.Cognizant reports first quarter 2017 results.Q1 non-GAAP earnings per share $0.84.FY2017 earnings per share view $3.65, revenue view $14.68 billion -- Thomson Reuters I/B/E/S.Q1 GAAP earnings per share $0.92.Q1 revenue $3.55 billion versus I/B/E/S view $3.52 billion.Q1 earnings per share view $0.83 -- Thomson Reuters I/B/E/S.Sees Q2 2017 non-GAAP earnings per share at least $0.89.Sees FY 2017 non-GAAP earnings per share at least $3.64.Sees Q2 2017 revenue $3.63 billion to $3.68 billion.Sees FY 2017 revenue $14.56 billion to $14.84 billion.Expects to incur majority of total costs related to realignment program in 2017.  Full Article

Cognizant launches $1.5 bln accelerated share repurchase
Tuesday, 14 Mar 2017 08:00am EDT 

Cognizant Technology Solutions Corp : Cognizant launches $1.5 billion accelerated share repurchase . Cognizant Technology Solutions Corp- under terms of ASR agreements, about 21.5 million of shares to be repurchased will be received by co on March 14, 2017 .Cognizant Technology Solutions Corp says Cognizant will fund ASR program on march 14, 2017 from cash on hand and its existing credit facility.  Full Article

Cognizant acquires Japan-based Brilliant Service
Wednesday, 1 Mar 2017 09:00pm EST 

Cognizant Technology Solutions Corp : Cognizant acquires brilliant service, a japan-based intelligent products and solutions company . Says terms of transaction were not disclosed .Cognizant technology -as part of acquisition, team of 70 professionals with extensive digital solutions experience and insights in japanese market will join cognizant.  Full Article

Cognizant Technology Solutions says continues to have material weakness in internal control over financial reporting as of Dec 31, 2016 - SEC filing
Wednesday, 1 Mar 2017 08:24am EST 

Cognizant Technology Solutions Corp : Cognizant Technology Solutions - continue to have a material weakness in internal control over financial reporting as of Dec 31, 2016 - SEC filing . Cognizant - no material adjustments, restatement or other revisions to previously issued financial statements are required . Cognizant - Inability to maintain effective internal controls could result in restatement of financial statements, imposition of sanctions .Cognizant - Inability to maintain effective internal controls could also result in investigation by regulatory authorities.  Full Article

Cognizant Technology Solutions says size of board shall not exceed 13 before 2017 annual meeting
Wednesday, 8 Feb 2017 07:08am EST 

Cognizant Technology Solutions Corp - :Size of board shall not exceed 13 directors prior to 2017 annual meeting as per agreement with Elliott - SEC filing.  Full Article

Cognizant says sees FY 2016 non-gaap earnings per share $3.38 to $3.41
Monday, 7 Nov 2016 06:00am EST 

Cognizant Technology Solutions Corp : Fy2016 earnings per share view $3.37, revenue view $13.55 billion -- Thomson Reuters I/B/E/S . Cognizant announces third quarter 2016 results . Sees fy 2016 non-gaap earnings per share $3.38 to $3.41 . Q3 non-gaap earnings per share $0.86 . Q3 gaap earnings per share $0.73 . Q3 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Sees q4 2016 revenue $3.45 billion to $3.51 billion .Sees fy 2016 revenue $13.47 billion to $13.53 billion.  Full Article

Cognizant appoints Rajeev Mehta as president
Friday, 30 Sep 2016 08:00am EDT 

Cognizant Technology Solutions Corp : Cognizant appoints Rajeev Mehta as president of the company .Mehta replaces Gordon Coburn who resigned from company.  Full Article

Cognizant reports Q2 GAAP earnings per share $0.41
Friday, 5 Aug 2016 06:00am EDT 

Cognizant Technology Solutions Corp : Cognizant announces second quarter 2016 results and expanded stock repurchase program . Q2 revenue $3.37 billion versus I/B/E/S view $3.37 billion . Sees Q3 2016 revenue $3.43 billion to $3.47 billion . Q2 GAAP earnings per share $0.41 . Q2 earnings per share view $0.82 -- Thomson Reuters I/B/E/S . Sees FY 2016 revenue $13.47 billion to $13.6 billion . Approved increase of company's stock repurchase program by $1.0 billion, from $2.0 billion to $3.0 billion . Extended term of repurchase program by one year to december 31, 2018. . Q3 earnings per share view $0.86, revenue view $3.54 billion -- Thomson Reuters I/B/E/S . Q3 2016 non-GAAP diluted EPS expected to be in range of $0.82 to $0.85 . Fiscal 2016 non-GAAP diluted EPS remains unchanged and is expected to be in range of $3.32 to $3.44 .FY2016 earnings per share view $3.37, revenue view $13.75 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Cognizant to buy Health Care Service Corp's unit TMG Health

* Cognizant and Health Care Service Corporation (HCSC) expand strategic relationship; Cognizant to purchase HCSC subsidiary Tmg Health and enter into multi-year services agreement