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Cognizant (CTSH) Renews Relationship With Pon Holdings' IT Arm
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Cognizant (CTSH - Free Report) recently announced that it has renewed its long-standing relationship with Pon IT, a division of the renowned Dutch conglomerate Pon Holdings.
Over the span of six years, Cognizant has been instrumental in reshaping Pon IT’s infrastructure, crafting an agile and automated platform tailored to meet the diverse needs of Pon Holdings’ various operating entities.
Through this extended relationship, the company aims to further refine and enhance the cloud-managed services provided to Pon IT, facilitating seamless access to shared resources, streamlined processes and real-time data insights.
The emphasis on agility, intuitiveness and integration within the cloud platform underscores Cognizant’s dedication to empowering Pon IT with the tools necessary to navigate the current dynamic business landscape. By harnessing the power of automation and collaborative innovation, both companies are poised to unlock new levels of operational excellence and drive sustained growth.
Cognizant Technology Solutions Corporation Price and Consensus
Cognizant’s Prospects Ride on Expanding Partner Base
Cognizant’s strong partner base, which includes the likes of Alphabet (GOOGL - Free Report) , Microsoft (MSFT - Free Report) , NVIDIA (NVDA - Free Report) and ServiceNow, has been a key catalyst in expanding clientele.
CTSH’s partnerships with Microsoft and NVIDIA have been instrumental in strengthening its footprint in the healthcare domain.
Cognizant, in partnership with NVIDIA, is poised to redefine the paradigm of drug discovery through the application of gen AI technology. By integrating NVIDIA’s BioNeMo platform into its operations, Cognizant aims to address the intricate challenges of the life sciences industry, particularly in drug development.
Meanwhile, Cognizant and Microsoft are joining forces to integrate gen AI into healthcare administration. This strategic partnership aims to optimize productivity and efficiency for healthcare payers and providers while simultaneously enhancing patient care.
The integration of gen AI capabilities into Cognizant's TriZetto platform, powered by Microsoft Azure, holds immense promise for the healthcare industry. By leveraging Azure OpenAI Service and Semantic Kernel, the TriZetto Assistant on Facets facilitates seamless access to gen AI within the user interface. This innovation streamlines processes, enhances data security and ensures regulatory compliance, ultimately leading to improved patient outcomes.
In January, Cognizant and Microsoft jointly introduced the Innovation Assistant, an advanced generative AI-powered tool that forms a cornerstone of Cognizant's internal innovation initiative, Bluebolt.
Cognizant is also strengthening its footprint in the software development and AI domains through an expanded partnership with Alphabet’s cloud business, Google Cloud. This partnership is poised to transform the software delivery lifecycle and bolster developer productivity by integrating Gemini for Google Cloud into CTSH’s operations and platforms.
Through this initiative, Cognizant seeks to equip its developers with AI-powered tools, enhancing their ability to write, test and deploy code efficiently. The partnership also marks a move toward upskilling its workforce, with plans to train more than 70,000 associates on Google Cloud's AI offerings within the following year.
With the establishment of Gemini Studios and Centers of Excellence in various locations, Cognizant is poised to deliver advanced AI solutions to its enterprise clients, further solidifying its position as a leader in the technology consulting industry.
CTSH’s expanding portfolio is noteworthy. In February, this Zacks Rank #3 (Hold) company announced the launch of its latest Flowsource platform, a cutting-edge gen AI-enabled platform designed to revolutionize the landscape of software engineering for enterprises. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cognizant currently expects first-quarter 2024 revenues between $4.68 billion and $4.76 billion, indicating a decline of 2.7% to 1.2% (a decline of 3-1.5% on a cc basis). The Zacks Consensus Estimate for revenues is pegged at $4.73 billion, indicating a 1.79% year-over-year decline.
The consensus mark for first-quarter 2024 earnings is pegged at $1.11 per share, unchanged over the past 30 days.
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Cognizant (CTSH) Renews Relationship With Pon Holdings' IT Arm
Cognizant (CTSH - Free Report) recently announced that it has renewed its long-standing relationship with Pon IT, a division of the renowned Dutch conglomerate Pon Holdings.
Over the span of six years, Cognizant has been instrumental in reshaping Pon IT’s infrastructure, crafting an agile and automated platform tailored to meet the diverse needs of Pon Holdings’ various operating entities.
Through this extended relationship, the company aims to further refine and enhance the cloud-managed services provided to Pon IT, facilitating seamless access to shared resources, streamlined processes and real-time data insights.
The emphasis on agility, intuitiveness and integration within the cloud platform underscores Cognizant’s dedication to empowering Pon IT with the tools necessary to navigate the current dynamic business landscape. By harnessing the power of automation and collaborative innovation, both companies are poised to unlock new levels of operational excellence and drive sustained growth.
Cognizant Technology Solutions Corporation Price and Consensus
Cognizant Technology Solutions Corporation price-consensus-chart | Cognizant Technology Solutions Corporation Quote
Cognizant’s Prospects Ride on Expanding Partner Base
Cognizant’s strong partner base, which includes the likes of Alphabet (GOOGL - Free Report) , Microsoft (MSFT - Free Report) , NVIDIA (NVDA - Free Report) and ServiceNow, has been a key catalyst in expanding clientele.
CTSH’s partnerships with Microsoft and NVIDIA have been instrumental in strengthening its footprint in the healthcare domain.
Cognizant, in partnership with NVIDIA, is poised to redefine the paradigm of drug discovery through the application of gen AI technology. By integrating NVIDIA’s BioNeMo platform into its operations, Cognizant aims to address the intricate challenges of the life sciences industry, particularly in drug development.
Meanwhile, Cognizant and Microsoft are joining forces to integrate gen AI into healthcare administration. This strategic partnership aims to optimize productivity and efficiency for healthcare payers and providers while simultaneously enhancing patient care.
The integration of gen AI capabilities into Cognizant's TriZetto platform, powered by Microsoft Azure, holds immense promise for the healthcare industry. By leveraging Azure OpenAI Service and Semantic Kernel, the TriZetto Assistant on Facets facilitates seamless access to gen AI within the user interface. This innovation streamlines processes, enhances data security and ensures regulatory compliance, ultimately leading to improved patient outcomes.
In January, Cognizant and Microsoft jointly introduced the Innovation Assistant, an advanced generative AI-powered tool that forms a cornerstone of Cognizant's internal innovation initiative, Bluebolt.
Cognizant is also strengthening its footprint in the software development and AI domains through an expanded partnership with Alphabet’s cloud business, Google Cloud. This partnership is poised to transform the software delivery lifecycle and bolster developer productivity by integrating Gemini for Google Cloud into CTSH’s operations and platforms.
Through this initiative, Cognizant seeks to equip its developers with AI-powered tools, enhancing their ability to write, test and deploy code efficiently. The partnership also marks a move toward upskilling its workforce, with plans to train more than 70,000 associates on Google Cloud's AI offerings within the following year.
With the establishment of Gemini Studios and Centers of Excellence in various locations, Cognizant is poised to deliver advanced AI solutions to its enterprise clients, further solidifying its position as a leader in the technology consulting industry.
CTSH’s expanding portfolio is noteworthy. In February, this Zacks Rank #3 (Hold) company announced the launch of its latest Flowsource platform, a cutting-edge gen AI-enabled platform designed to revolutionize the landscape of software engineering for enterprises. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cognizant currently expects first-quarter 2024 revenues between $4.68 billion and $4.76 billion, indicating a decline of 2.7% to 1.2% (a decline of 3-1.5% on a cc basis). The Zacks Consensus Estimate for revenues is pegged at $4.73 billion, indicating a 1.79% year-over-year decline.
The consensus mark for first-quarter 2024 earnings is pegged at $1.11 per share, unchanged over the past 30 days.