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Cognizant Technology Solutions Corp (CTSH.OQ)

CTSH.OQ on NASDAQ Stock Exchange Global Select Market

81.80USD
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Cognizant Technology Solutions Reports Q4 GAAP Loss Per Share Of $0.03
Wednesday, 7 Feb 2018 06:00am EST 

Feb 7 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $1.03.Q4 GAAP LOSS PER SHARE $0.03.SEES Q1 2018 NON-GAAP EARNINGS PER SHARE AT LEAST $1.04.SEES FY 2018 REVENUE $16 BILLION TO $16.3 BILLION.SEES Q1 2018 REVENUE $3.88 BILLION TO $3.92 BILLION.Q4 REVENUE ROSE 10.6 PERCENT TO $3.83 BILLION.INCREASES QUARTERLY DIVIDEND 33% TO $0.20 PER SHARE.SEES FULL YEAR 2018 NON-GAAP DILUTED EPS EXPECTED TO BE AT LEAST $4.53.FY2018 EARNINGS PER SHARE VIEW $4.35, REVENUE VIEW $16.18 BILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $1.01, REVENUE VIEW $3.88 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.97, REVENUE VIEW $3.82 BILLION -- THOMSON REUTERS I/B/E/S.COGNIZANT TECHNOLOGY - 2017 GAAP NET LOSS INCLUDED A ONE-TIME INCREMENTAL INCOME TAX EXPENSE OF $617 MILLION RELATED TO U.S. TAX CUTS AND JOBS ACT.  Full Article

Cognizant Launches $300 Mln Accelerated Share Repurchase
Thursday, 14 Dec 2017 06:00am EST 

Dec 14 (Reuters) - Cognizant Technology Solutions Corp ::COGNIZANT LAUNCHES $300 MILLION ACCELERATED SHARE REPURCHASE.COGNIZANT TECHNOLOGY SOLUTIONS CORP - WILL FUND ASR PROGRAM ON DECEMBER 14, 2017 FROM CASH ON HAND AND ITS EXISTING CREDIT FACILITY.COGNIZANT TECHNOLOGY - UNDER TERMS OF ASR AGREEMENT, ABOUT 3.58 MILLION OF SHARES TO BE REPURCHASED WILL BE RECEIVED BY COGNIZANT ON DECEMBER 14, 2017.COGNIZANT TECHNOLOGY - FINAL SETTLEMENT OF TRANSACTION UNDER ASR AGREEMENT IS ANTICIPATED TO OCCUR DURING Q1 OF 2018.  Full Article

Jana Partners takes sole share stake in UnitedHealth, dissolves sole share stake in Cognizant
Tuesday, 14 Nov 2017 12:13pm EST 

Nov 14 (Reuters) - Jana Partners LLC:Jana Partners LLC takes sole share stake of 227,730 shares in UnitedHealth Group Inc - SEC filing.Jana Partners LLC dissolves sole share stake in Cognizant Technology Solutions.Jana Partners LLC - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.Source text for quarter ended Sept 30, 2017 (http://bit.ly/2igoLbb).Source text for quarter ended June 30, 2017: (http://bit.ly/2vBNz32).  Full Article

Cognizant Technology Solutions Q3 non-GAAP earnings per share $0.98
Wednesday, 1 Nov 2017 06:00am EDT 

Nov 1 (Reuters) - Cognizant Technology Solutions Corp :Cognizant reports third quarter 2017 results.Q3 non-GAAP earnings per share $0.98.Q3 GAAP earnings per share $0.84.Q3 revenue $3.77 billion versus I/B/E/S view $3.76 billion.Q3 earnings per share view $0.95 -- Thomson Reuters I/B/E/S.Sees Q4 2017 non-GAAP earnings per share at least $0.95.Sees FY 2017 non-GAAP earnings per share at least $3.70.Sees Q4 2017 revenue $3.79 billion to $3.85 billion.Sees FY 2017 revenue $14.78 billion to $14.84 billion.Cognizant Technology Solutions Corp- ‍declared quarterly cash dividend of $0.15 per share on cognizant class a common stock.Q4 earnings per share view $0.98, revenue view $3.82 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $3.70, revenue view $14.79 billion -- Thomson Reuters I/B/E/S.  Full Article

Cognizant Technology to acquire Zone
Thursday, 26 Oct 2017 05:00am EDT 

Oct 26 (Reuters) - Cognizant Technology Solutions Corp :Cognizant to acquire Zone, a leading full-service digital agency.Financial details were not disclosed.Financial details were not disclosed.​.‍Zone will retain its offices in London and Bristol, as well as in Cologne, Germany​.Upon close of deal, Zone's more than 220 digital agency experts will become part of Cognizant digital business practice​.  Full Article

Cognizant to acquire Netcentric
Tuesday, 24 Oct 2017 11:15am EDT 

Oct 24 (Reuters) - Cognizant Technology Solutions Corp ::Cognizant to acquire digital experience and marketing expert Netcentric.Says ‍financial details of deal were not disclosed​.  Full Article

Dexia to collaborate with Cognizant on IT and business process services
Thursday, 5 Oct 2017 02:49am EDT 

Oct 5 (Reuters) - DEXIA SA ::SIGNS AGREEMENT WITH COGNIZANT <<>> TO COLLABORATE ON INFORMATION TECHNOLOGY AND BUSINESS PROCESS SERVICES.150 DEXIA EMPLOYEES TO MOVE TO COGNIZANT COMPANY IN FRANCE WHERE DEXIA WILL TRANSFER CERTAIN IT AND BUSINESS PROCESS SERVICES.‍ANNOUNCES SIGNING OF 10-YEAR AGREEMENT WITH COGNIZANT.TRANSFER OF IT SERVICES TO TAKE PLACE BY NOVEMBER 2017 AND OF BUSINESS OPERATIONS BY MAY 2018 AT LATEST.EXPECTS POTENTIAL SAVINGS OF APPROXIMATELY EUR 100 MILLION TO BE MADE OVER LIFETIME OF AGREEMENT WITH COGNIZANT.‍LONG-TERM AGREEMENT TO ENABLE OPERATIONAL EFFICIENCIES, LOWER COSTS AND REDUCE OPERATIONAL RISKS FOR DEXIA.​.  Full Article

Cognizant Q2 non-GAAP earnings per share $0.93
Thursday, 3 Aug 2017 06:00am EDT 

Aug 3 (Reuters) - Cognizant Technology Solutions Corp :Cognizant reports second quarter 2017 results.Q2 non-gaap earnings per share $0.93.Q2 gaap earnings per share $0.80.Q2 revenue $3.67 billion versus i/b/e/s view $3.66 billion.Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S.Sees q3 2017 non-gaap earnings per share at least $0.94.Sees fy 2017 non-gaap earnings per share at least $3.67.Sees q3 2017 revenue $3.73 billion to $3.78 billion.Sees fy 2017 revenue $14.7 billion to $14.84 billion.Q3 earnings per share view $0.95, revenue view $3.76 billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $3.67, revenue view $14.76 billion -- Thomson Reuters I/B/E/S.  Full Article

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

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Cognizant results top estimates as healthcare clients spend more

Cognizant Technology Solutions Corp's fourth-quarter profit and revenue beat analysts' estimates and the IT services firm gave an upbeat forecast for the first quarter, as healthcare and financial clients increased spending.