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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 To Acquire Zenith Technologies
Tuesday, 18 Jun 2019 05:15am EDT 

June 18 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT TO ACQUIRE ZENITH TECHNOLOGIES, A LEADER IN LIFE SCIENCES MANUFACTURING TECHNOLOGY SERVICES.FINANCIAL DETAILS WERE NOT DISCLOSED..COGNIZANT - TO ACQUIRE ZENITH TECHNOLOGIES, A PRIVATELY-HELD LIFE SCIENCES MANUFACTURING TECHNOLOGY SERVICES CO HEADQUARTERED IN CORK, IRELAND.TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2019.  Full Article

Cognizant Technology Solutions Reports Q1 EPS $0.77
Thursday, 2 May 2019 06:24pm EDT 

May 2 (Reuters) - Cognizant Technology Solutions Corp ::QTRLY REVENUE $4.11 BILLION.QTRLY EARNINGS PER SHARE $0.77.QTRLY ADJUSTED EARNINGS PER SHARE $0.91.Q1 EARNINGS PER SHARE VIEW $1.04, REVENUE VIEW $4.17 BILLION -- REFINITIV IBES DATA.QTRLY REVENUE UP 5.1%, UP 6.8% ON CONSTANT CURRENCY BASIS.SEES Q2 REVENUE UP 3.9-4.9% Y/Y IN CC.SEES FY ADJUSTED EPS $3.87-$3.95.SEES FY REVENUE UP 3.6-5.1% Y/Y IN CONSTANT CURRENCY.SEES FY ADJUSTED OPERATING MARGIN APPROXIMATELY 17.0%.COGNIZANT TECHNOLOGY SOLUTIONS - UTILIZE ABOUT 50% OF GLOBAL FCF ANNUALLY FOR DIVIDENDS AND SHARE REPURCHASES.COGNIZANT TECHNOLOGY SOLUTIONS - PER CAPITAL DEPLOYMENT PLAN, TO REDUCE OUTSTANDING SHARE COUNT BY ABOUT 1% ANNUALLY.Q2 REVENUE VIEW $4.29 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $4.46, REVENUE VIEW $17.34 BILLION -- REFINITIV IBES DATA.  Full Article

Cognizant Technology Solutions Says Former CEO Francisco D’Souza's FY 2018 Total Compensation Was $14.1 Mln
Thursday, 18 Apr 2019 02:56pm EDT 

April 18 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT TECHNOLOGY SOLUTIONS SAYS FORMER CEO FRANCISCO D’SOUZA'S FY 2018 TOTAL COMPENSATION WAS $14.1 MILLION VERSUS $12.5 MILLION IN FY 2017 - SEC FILING.COGNIZANT TECHNOLOGY SOLUTIONS CORP SAYS FORMER PRESIDENT RAJEEV MEHTA'S FY 2018 TOTAL COMPENSATION WAS $27.9 MILLION - SEC FILING.  Full Article

Cognizant Resolves Previously Disclosed FCPA Matter With U.S. Authorities
Friday, 15 Feb 2019 11:53am EST 

Feb 15 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT RESOLVES PREVIOUSLY DISCLOSED FCPA MATTER WITH U.S. AUTHORITIES.COGNIZANT TECHNOLOGY SOLUTIONS CORP - RESOLUTIONS REQUIRE COMPANY TO PAY APPROXIMATELY $28 MILLION TO U.S. DOJ AND U.S. SEC.COGNIZANT - RESOLVED INVESTIGATIONS INTO WHETHER PAYMENTS RELATING TO PERMITS & LICENSES FOR CERTAIN REAL ESTATE FACILITIES IN INDIA VIOLATED U.S. FCPA.  Full Article

Medidata And Cognizant Form Strategic Alliance To Make Digital Transformation Accessible For The Life Sciences
Monday, 11 Feb 2019 04:35pm EST 

Feb 11 (Reuters) - Cognizant Technology Solutions Corp ::MEDIDATA AND COGNIZANT FORM STRATEGIC ALLIANCE TO MAKE DIGITAL TRANSFORMATION ACCESSIBLE FOR THE LIFE SCIENCES.COGNIZANT TECHNOLOGY - AS PART OF MULTI-YEAR AGREEMENT, CO TO DEVELOP, DELIVER SET OF MANAGED SERVICES AND SOLUTIONS SPECIFIC TO MEDIDATA'S PLATFORM.  Full Article

Aspen Insurance Enters Into Outsourcing Agreement- SEC Filing
Friday, 7 Sep 2018 02:37pm EDT 

Sept 7 (Reuters) - Aspen Insurance Holdings Ltd ::ASPEN INSURANCE HOLDINGS - ON AUG 31, CO AND ITS UNITS ENTERED INTO OUTSOURCING AGREEMENT WITH COGNIZANT WORLDWIDE LIMITED- SEC FILING.ASPEN INSURANCE HOLDINGS - AGREEMENT IS EFFECTIVE AUGUST 31, 2018 & SHALL HAVE INITIAL TERM PERIOD OF 5 YEARS FROM OCTOBER 1, 2018.ASPEN INSURANCE HOLDINGS - CO HAS RIGHT TO EXTEND AGREEMENT FOR ADDITIONAL TWO YEAR TERM.ASPEN INSURANCE HOLDINGS - BASED ON CURRENTLY PROJECTED USAGE OF SERVICES, CO EXPECTS TO PAY COGNIZANT ABOUT $65 MILLION DURING INITIAL 5-YEAR TERM.  Full Article

Cognizant Says High Court In Chennai Granted A Stay Of Indian IT Department's Actions
Tuesday, 3 Apr 2018 02:35pm EDT 

April 3 (Reuters) - Cognizant Technology Solutions Corp ::HIGH COURT IN CHENNAI GRANTED CO'S APPLICATION FOR A STAY OF THE ACTIONS OF INDIAN INCOME TAX DEPARTMENT.HIGH COURT IN CHENNAI ALSO GRANTED CO'S APPLICATION FOR A LIFTING OF THE ITD'S ATTACHMENT OF CO'S BANK ACCOUNTS.AS PART OF STAY ORDER, TO DEPOSIT $75 MILLION TO BE KEPT IN SUSPENSE ACCOUNT BY ITD, WITH REMAINDER MARKED UNDER LIEN.COURT FURTHER GRANTED CO'S REQUEST TO ADDRESS ITD'S COLLECTION ACTIONS, SCHEDULED HEARING LATER IN APRIL.  Full Article

Cognizant Says Operations Not Impacted By Actions Recently Attempted By Indian IT Department‍​
Tuesday, 27 Mar 2018 05:08pm EDT 

March 27 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT - CO'S BUSINESS OPERATIONS, ASSOCIATES AND WORK WITH CLIENTS NOT IMPACTED BY ACTIONS RECENTLY ATTEMPTED BY INDIAN IT DEPARTMENT‍​.COGNIZANT TECHNOLOGY - HIGH COURT OF CHENNAI INSTRUCTED INCOME TAX DEPARTMENT TO NOT TAKE FURTHER ACTION PENDING FURTHER HEARINGS BEFORE COURT.  Full Article

Cognizant Technology Solutions Says Director Joseph Velli Reports Open Market Purchase Of 2,500 Common Shares
Friday, 16 Mar 2018 04:16pm EDT 

March 16 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT TECHNOLOGY SOLUTIONS SAYS DIRECTOR JOSEPH VELLI REPORTS OPEN MARKET PURCHASE OF 2,500 COMMON SHARES AT AVERAGE OF $84.1PER SHARE ON MARCH 14.  Full Article

Cognizant Launches $300 Million Accelerated Share Repurchase
Wednesday, 14 Mar 2018 06:00am EDT 

March 14 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT LAUNCHES $300 MILLION ACCELERATED SHARE REPURCHASE.COGNIZANT LAUNCHES $300 MILLION ACCELERATED SHARE REPURCHASE.COGNIZANT TECHNOLOGY- ‍ACCELERATED SHARE REPURCHASE AGREEMENT WITH SOCIETE GENERALE TO REPURCHASE AGGREGATE OF $300 MILLION OF CO'S CLASS A COMMON STOCK​.WILL FUND ASR PROGRAM ON MARCH 14, 2018 FROM CASH ON HAND AND ITS EXISTING CREDIT FACILITY.ASR AGREEMENT IS A CONTINUATION OF ITS PREVIOUSLY ANNOUNCED $3.4 BILLION CAPITAL RETURN PLAN.‍UNDER TERMS, ABOUT 3.04 MILLION OF SHARES TO BE REPURCHASED WILL BE RECEIVED BY COGNIZANT ON MARCH 14, 2018​.  Full Article

Cognizant cuts 2019 forecasts on lower financial, healthcare demand

Cognizant Technology Solutions Corp on Thursday nearly halved its 2019 revenue expectations after missing first-quarter results, as the IT services and outsourcing company faces sluggish demand in its financial and healthcare businesses.