CTSH Stock Recent News

As of Aug 1, 2024, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Cognizant Technology Solutions Corporation (CTSH) Q2 2024 Earnings Call Transcript

Cognizant (CTSH) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.10 per share a year ago.

Cognizant Technology Solutions raised its annual revenue forecast and and beat second-quarter results estimates on Wednesday, aided by businesses turning to the IT services provider to digitize their operations.

Revenue of $4.9 billion, above the high end of our guidance range; sequentially increased 1.9%, or 2.1% in constant currency1 Operating margin of 14.6%, up from 11.8% in the second quarter of 2023, and Adjusted Operating Margin1 of 15.2%, which expanded 100 basis points year-over-year Trailing 12-month bookings of $26.2 billion; book-to-bill of 1.4x Third quarter of 2024 revenue guidance of flat to 1.5% year-over-year growth in constant currency Full-year 2024 revenue guidance narrowed to a decline of 0.5% to growth of 1.0% in constant currency, an increase at the midpoint Full-year 2024 Adjusted Operating Margin guidance unchanged at 15.3-15.5%, representing year-over-year expansion of 20 to 40 basis points TEANECK, N.J. , July 31, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its second quarter 2024 financial results.

-          77% of global companies surveyed want to grow revenues through AI -          Survey reveals that companies' average AI investment planned this year is nearly $50M -          Enterprises are cautious about scaling AI, with only 26% having implemented cross-enterprise use cases TEANECK, N.J. , July 30, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) has released a companion analysis to its comprehensive 2023 study with Oxford Economics, and the new report - titled "New Work, New World: Quantifying Global Gen AI Momentum " - outlines cautious optimism is driving current market adoption of generative AI across various industries and geographies.

Cognizant's (CTSH) second-quarter performance will likely reflect strength from an expanding clientele and a robust pipeline that includes a favorable mix of new opportunities.

New AI-powered digital experience practice area offers businesses end-to-end solutions for intelligent experience orchestration along the customer journey. TEANECK, N.J.

As Hays' global tech partner, Cognizant will use new innovative technologies to enhance customer experience and IT efficiency, in order to drive agility and competitiveness in the business environment LONDON , July 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) announced its strategic partnership with Hays, the world's leading specialist in workforce solutions and recruitment. This significant partnership aims to transform Hays' technology landscape and enhance its operational efficiency and innovation capabilities.

Unitywater and Cognizant embark on a five-year collaboration for ICT Support Managed Services for the water provider SYDNEY and TEANECK, N.J. , July 28, 2024 /PRNewswire/ -- Unitywater, a leading water utility in Queensland, has announced a 5-year collaboration with Cognizant (Nasdaq: CTSH), a global leader in technology and professional services.