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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)

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 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

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Cognizant sees weak fourth quarter as financial services growth drags

Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts' estimates.