Cognizant Technology Solutions - CTSH STOCK NEWS

Cognizant (NASDAQ: CTSH) and CrowdStrike (NASDAQ: CRWD) have announced a strategic partnership to enhance enterprise cybersecurity transformation. The collaboration will leverage CrowdStrike's AI-native Falcon® platform, combining it with Cognizant's Neuro® Cybersecurity platform to deliver comprehensive security services.

The partnership aims to address critical challenges in the cybersecurity landscape, including a 110% surge in cloud exploitation cases and increasingly sophisticated cyberattacks. The solution will help organizations streamline security operations, consolidate legacy point products, and strengthen their overall cybersecurity posture through Falcon® Next-Gen SIEM and Falcon® Cloud Security.

This initiative responds to the growing complexity of IT landscapes across various cloud services (IaaS, SaaS, PaaS, CaaS) and addresses the widening cybersecurity skills gap. The partnership focuses on creating a flexible operations framework powered by AI-native platforms, moving away from separate legacy tools.

Cognizant (NASDAQ: CTSH) and Oxford Economics released a study revealing AI's significant impact on consumer spending by 2030. The research predicts that AI enthusiasts aged 18-44 will drive $4.4 trillion of AI-influenced consumer spending in the U.S., with additional projections of $690 billion in the U.K., $669 billion in Australia, and $539 billion in Germany.

The study identifies three key phases in the AI-transformed purchasing journey: Learn, Buy, and Use. While 47% of consumers are comfortable using AI in the discovery phase, only 16% of those 55+ feel comfortable using AI during the buying phase. The research, based on 8,400 respondents across four countries, shows that 75% of consumers are unlikely to allow AI to automatically handle high-value transactions.

To capitalize on these trends, Cognizant launched Cognizant Moment™ to help clients leverage AI for customer experience enhancement and introduced the Synapse program for global tech education and workforce development.

Cognizant (NASDAQ:CTSH) has launched its Neuro® AI Multi-Agent Accelerator and Multi-Agent Service Suite, designed to accelerate AI agent development and adoption for business process transformation. The no-code development framework includes pre-built reference agent networks for various enterprise functions like Sales, Marketing, Finance, and Investor Relations.

The solution offers key features including accelerated agentification through pre-built networks, fast customization using natural language, scalable distributed operations, and flexibility in AI and cloud provider choice. The framework enables businesses to rapidly prototype, customize, and scale multi-agent systems while maintaining security and compliance requirements.

Early implementations have shown success, with an insurance company improving investor relations and call analysis, and a healthcare company speeding up medical appeal processing times through Cognizant's multi-agent solutions.

Cognizant (CTSH) has announced it will release its fourth quarter 2024 earnings on Wednesday, February 5, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern time to discuss the quarterly performance.

Investors can participate through domestic (877-810-9510) or international (201-493-6778) dial-in numbers. The call will also be available via live webcast on Cognizant's Investor Relations website. A replay will be accessible until February 19, 2025, through both phone dial-in and the company website.

Cognizant (NASDAQ:CTSH) has announced the launch of Stores 360, a comprehensive retail solution developed with ServiceNow. The solution integrates Cognizant Neuro® AI platform and generative AI to transform store operations and enhance customer experiences.

The solution promises significant operational improvements, including:

• 10-20% reduction in new store opening time
• 30-40% cut in store operating expenses
• Up to 98% uptime for store systems
• 10% reduction in truck rolls

Stores 360 comprises three sub-offerings: new store opening, store management, and store asset management. The platform leverages AI for store location recommendations, real-time insights, and efficient field services management, while integrating retailers' ecosystems to promote consistent experiences across all channels.

Cognizant CEO Ravi Kumar S has been awarded the prestigious Pravasi Bharatiya Samman Award, the highest recognition given by the Indian government to overseas Indians. The award was presented by India's President at the Pravasi Bharatiya Divas Convention in Bhubaneswar.

Under Kumar's leadership, Cognizant launched the Synapse initiative in 2024, targeting to train one million people globally in emerging technologies by 2026, with emphasis on AI. The program has already reached over 275,000 individuals and is supported by more than $70 million in philanthropic funds.

Cognizant, with nearly 70% of its 340,000 global workforce based in India, maintains its position as the second-largest multinational employer in India's technology sector. The company operates across multiple Indian cities and focuses on advancing AI-first capabilities, driving innovation, and strengthening India's position as a global digital talent hub.

Cognizant (CTSH) has announced a collaboration with Siemens Digital Industries Software to enhance its software-defined vehicle (SDV) solution accelerator by integrating Siemens' PAVE360™ technology. The enhanced solution, which includes Simcenter™ Prescan for sensor modeling and scenario-based testing, aims to accelerate SDV development cycles through continuous and simulated verification and validation.

The collaboration addresses key industry challenges, including managing over 100 million lines of code, accelerating product development with resources, and meeting increasing demands for customization. The solution is designed to streamline development processes and reduce feature delivery time while handling complex software requirements from various platforms and components.

The partnership will be showcased at CES 2025 by Amol Gulve, Cognizant's SDV offering leader.

Cognizant (NASDAQ: CTSH) has become the first global IT service company to receive accredited ISO/IEC 42001:2023 certification for its artificial intelligence management system. This certification establishes a framework for managing AI risks and opportunities throughout the AI system lifecycle, ensuring responsible development and deployment of AI solutions.

The certification, issued by DNV, validates Cognizant's commitment to ethical AI development and strengthens its position as a trusted digital transformation partner. According to Cognizant and Oxford Economics' study, 76% of businesses plan to leverage AI for new revenue streams, highlighting the growing importance of robust AI governance frameworks.

The certification process involved a comprehensive organizational strategy across marketing, IT, Legal, delivery teams, and customer service to embed responsible AI principles throughout the organization.

Cognizant (NASDAQ: CTSH) has been named to Newsweek's list of America's Greatest Workplaces for Diversity, adding to its numerous accolades in 2024. The company has received multiple recognitions across three key areas:

IT and Client Services Leadership: Named to Fortune Sector Leaders List 2024 and Forbes World's Best Management Consulting Firms 2024.

Workplace Wellbeing: Included in Indeed Work Wellbeing 100 and Forbes World's Best Employers.

Innovation and Societal Impact: Ranked #7 on Fortune Change the World list, featured on TIME World's Best Companies 2024, and recognized by Newsweek as one of America's Greenest Companies 2025, Most Reliable Companies 2025, and Most Responsible Companies 2025. The company was also included in the 50/50 Women on Boards Gender Diversity Directory.