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

CTSH.OQ on NASDAQ Stock Exchange Global Select Market

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

ISS Selects Cognizant for finance & accounting business process services
Thursday, 26 Jun 2014 03:00am EDT 

Cognizant Technology Solutions Corp:Selected by ISS to provide Finance & Accounting (F&A) business process services for ISS' business in Nordic region, spanning order-to-cash, procure-to-pay, and record-to-report, to help ISS enhance quality, further optimize and align its finance processes, and reduce costs.Cognizant will leverage its F&A Center of Excellence and deep experience in business process automation, enterprise analytics, and global delivery to provide ISS with operational processes.  Full Article

Cognizant Technology Solutions gives Q2 2014 guidance above analysts' estimates; reaffirms FY 2014 revenue guidance; raises FY 2014 ESP guidance
Wednesday, 7 May 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Expects Q2 2014 revenue to be between $2.50 bln and $2.53 bln.Expects Q2 2014 non-GAAP diluted EPS expected to be $0.62.Expects FY 2014 revenue expected to be at least $10.3 billion, up at least 16.5 pct compared to FY 2013.Expects FY 2014 non-GAAP diluted EPS expected to be at least $2.54.Q2 2014 revenue of $2.43 bln and EPS of $0.57 - Thomson Reuters I/B/E/S.FY 2014 revenue of $10.4 bln and EPS of $2.49 - Thomson Reuters I/B/E/S.  Full Article

HTH Worldwide selects Cognizant Technology Solutions Corp to help build mobile healthcare solutions and improve member satisfaction
Friday, 11 Apr 2014 06:00am EDT 

Cognizant Technology Solutions Corp:Says it is working with HTH Worldwide to enable its members to maximize the use of mobile technology for managing healthcare needs more effectively while traveling abroad.As part of the engagement, Cognizant is helping HTH Worldwide transform its mobile footprint through an enterprise mobile platform.  Full Article

Cognizant Technology Solutions Corp gives Q1, FY 2014 guidance, earnings guidance above analysts estimates - Conference Call
Wednesday, 5 Feb 2014 01:00pm EST 

Cognizant Technology Solutions Corp:Expects to deliver revenue of at least $2.42 bln for Q1 2014.Expects to deliver non-GAAP earnings per share (EPS) of $1.18 for Q1 2014.Expects FY 2014 revenue projection of at least $10.3 bln represents growth of at least 16.5 pct.Expects FY 2014 non-GAAP EPS to be at least $5.02.Q1 2014 revenue of $2.42 bln and EPS of $1.13 - Thomson Reuters I/B/E/S.FY 2014 revenue of $10.4 bln and EPS of $4.86 - Thomson Reuters I/B/E/S.  Full Article

Cognizant Technology Solutions Corp To Acquire KBC Groupe SA's Subsidiary Valuesource NV-Business Standard
Thursday, 3 Oct 2013 06:34am EDT 

Business Standard reported that Cognizant Technology Solutions Corp has been selected by the KBC Groupe SA an integrated bank insurance group, as a strategic partner to optimise service delivery and drive customer engagement. As part of the deal the Company will acquire ValueSource NV, a subsidiary of KBC. The Company did not disclose the valuation. Under an initial five-year agreement, Cognizant will deliver application development, application maintenance, and testing services to KBC.  Full Article

Cognizant Technology Solutions Corp Acquires Equinox Consulting
Wednesday, 2 Oct 2013 03:00am EDT 

Cognizant Technology Solutions announced that it has acquired Equinox Consulting, a financial services consulting firm based in Paris, France. The terms of the transaction were not disclosed. Under the terms of the agreement, about 160 consulting professionals will join Cognizant. Under the terms of the agreement, about 160 consulting professionals will join Cognizant.  Full Article

Saudi Electricity Company Selects Cognizant Technology Solutions Corp To Transform Service Delivery And Enhance Customer Satisfaction
Wednesday, 7 Aug 2013 02:23am EDT 

Cognizant Technology Solutions Corp announced that it has been selected by Saudi Electricity Company (SEC), the Middle East's utility company, to help in the delivery of superior service to its customer base by leveraging practices from international electricity markets. As part of the engagement, Cognizant will develop a billing and revenue management solution based on SAP Utilities enterprise software to meet the functional, technical, and operational requirements of SEC's rapid growth. While enhancing the agility, cost-effectiveness, and efficiency of SEC's customer service operations, the solution will provide a robust, scalable, and flexible technology foundation for SEC to improve speed-to-market. Cognizant will also leverage its consulting and program management capabilities to enable SEC to address the transitional, communications, governance, and behavioral aspects of change management.  Full Article

Cognizant Technology Solutions Corp Issues Q3 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Tuesday, 6 Aug 2013 06:00am EDT 

Cognizant Technology Solutions Corp announced that for third quarter of 2013, it expects revenue to be at least $2.25 billion and diluted earnings per share (EPS) to be $1.00 on a GAAP basis and $1.09 on a non-GAAP basis. For fiscal 2013, it expects revenue to be at least $8.74 billion, up at least 19% compared to 2012. Fiscal 2013 diluted EPS is expected to be at least $3.96 on a GAAP basis and $4.32 on a non-GAAP basis. According to I/B/E/S Estimates, analysts' on an average were expecting the Company to report revenue of $2.21 billion and EPS of $1.03 for third quarter of 2013; revenue of $8.64 billion and EPS of $4.02 for fiscal 2013.  Full Article

GoWireless Deploys Cognizant Technology Solutions Corp's Cloud Based Solution-Business Standard
Tuesday, 11 Jun 2013 07:36am EDT 

Business Standard reported that Cognizant Technology Solutions Corp has successful deployment of a web based Order Management as a Service (OMaaS) platform for GoWireless. This implementation will help GoWireless to launch its online commerce capability and generate new levels of business performance, Cognizant said in a press release. OMaaS is one of Cognizant’s recently announced BusinessCloudSM solutions.  Full Article

Cognizant Technology Solutions Corp Among Five Vendors To Bag Network Rail It Deal-Business Standard
Wednesday, 5 Jun 2013 08:36am EDT 

Business Standard reported that UK-based Network Rail has roped in five IT vendors, including TCS, Cognizant Technology Solutions Corp and Accenture to design, build and manage its IT infrastructure in a deal estimated at GBP350 million. Network Rail has signed framework agreements with five IT suppliers as it begins to simplify its computing relationships. The agreements are designed to allow suppliers to take more ownership of designing, building and implementing IT solutions to support Network Rail, it said. Though financial details of the deal were not disclosed, sources said the deal size is worth over GBP 350 million.  Full Article

Cognizant forecasts revenue above estimates as IT spending rises

- IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue above analysts' estimates due to higher spending by financial services and healthcare clients.

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