Cognizant Technology Solutions - CTSH STOCK NEWS

Cognizant (CTSH) has announced a new collaboration with Elektrobit to enhance its software-defined vehicle (SDV) solution accelerator by integrating Elektrobit's Software Development Kit for EB corbos AdaptiveCore. The enhanced solution aims to help automotive OEMs and Tier 1 suppliers create more efficient SDV architectures while accelerating development cycles.

The collaboration addresses key industry challenges including faster product development, testing cycles, and resource management. Cognizant's SDV accelerator, featuring Gen AI productivity elements, helps automotive companies reduce development costs while integrating signal-based and service-oriented applications into modern electrical/electronic architecture.

The partnership focuses on continuous testing and validation, early safety and security implementation, and managing software platform complexity. The solution is designed to reduce total ownership costs, improve time to market, and enable software upgrades and subscription services for enhanced customer satisfaction.

Cognizant (CTSH) has announced a three-year strategic partnership with Upsource by Solutions, a Saudi Arabian BPO company, at LEAP 2025. The collaboration aims to enhance operational efficiencies and customer satisfaction in the region by combining Upsource's local expertise with Cognizant's global capabilities.

The partnership will provide regional businesses access to Cognizant's advanced Intuitive Operations & Automation (IOA) solutions, including Gen AI-powered financial suite, automation frameworks, and enhanced operational controls. These technologies are designed to help businesses meet modern demands, ensure compliance, and drive efficiency.

The alliance comes as the BPO industry undergoes transformation, with companies increasingly outsourcing essential processes like finance, HR, and customer management. The partnership focuses on delivering next-generation solutions that blend local insights with global innovation.

Cognizant (CTSH) has renewed its partnership with KBC Group, a Belgian universal multi-channel bank-insurer, extending their collaboration until 2027. The agreement positions Cognizant as KBC's partner for comprehensive IT services, including application development & maintenance, data services, infrastructure, and quality engineering.

The renewal builds upon their 11-year relationship and aims to support KBC's IT and business transformation goals. According to Isabel Van Mele, KBC's CIO, the partnership aligns with their objectives of enhancing customer experience, supporting innovation, and maintaining operational excellence. Cognizant's team will focus on improving service quality, ensuring operational stability, fostering innovation, and optimizing cost-effectiveness for KBC Group.

Cognizant (CTSH) reported strong Q4 2024 results with revenue of $5.1 billion, up 6.8% year-over-year, reaching the high end of guidance. Full-year 2024 revenue increased 2.0% to $19.7 billion.

Key highlights include: operating margin improvement to 14.7% (up 80 basis points), trailing 12-month bookings of $27.1 billion (up 3%), and record 29 large deals closed during the year. The company returned $1.2 billion to shareholders through share repurchases and dividends.

Looking ahead to 2025, Cognizant projects revenue growth of 3.5% to 6.0% in constant currency, with Adjusted Operating Margin expected between 15.5% to 15.7%. The quarterly dividend was increased by 3% to $0.31 per share for Q1 2025.

Cognizant (CTSH) has announced an expanded partnership with Medidata, a Dassault Systèmes brand specializing in clinical trial solutions. The multi-year renewal agreement focuses on providing enhanced support for Medidata's life sciences clients through a dedicated team of platform specialists serving pharmaceutical, biotech, medical device, and contract research organizations.

The collaboration aims to maximize Medidata's value proposition by improving user satisfaction and streamlining clinical trial development. Key aspects include customer success, patient service desk, implementation, engineering, integrations, and user acceptance testing services. The partnership will leverage Medidata's AI-powered technologies, including Clinical Data Studio, Health Record Connect, and myMedidata patient portal, combined with Cognizant's network of Medidata Certified Services Professionals.

Cognizant (NASDAQ: CTSH) has expanded its partnership with Gilead Sciences (NASDAQ: GILD) to enhance value creation through advanced technology applications. The expanded agreement focuses on delivering cost leadership and productivity improvements through AI-driven solutions.

The collaboration will leverage Cognizant's Neuro AI generative AI platform to accelerate value creation, enhance IT and business processes, and improve operational efficiencies across customer service, employee interactions, and business value management. The partnership aims to generate significant cost savings that can be reinvested into Gilead's core life sciences business.

Building on their decade-long relationship supporting Gilead's global IT infrastructure, Cognizant will implement custom-built Gen AI solutions to transform user experience and boost operational efficiency. This expansion enables Gilead to focus on its mission of developing treatments for cancer, HIV, and other diseases while optimizing its technological capabilities.

Cognizant (CTSH) and McDonald's (MCD) have announced a multi-year extension of their strategic partnership that began in 2017. The renewed agreement focuses on enhancing McDonald's operations through advanced technology solutions, particularly in Global Finance Systems and Human Capital Management.

The partnership will continue supporting key enterprise areas including payroll processing, franchisee management, master data management, and legal applications. Cognizant plans to implement its proprietary platforms such as Cognizant Neuro® IT Operations and SkygradeTM to improve McDonald's systems' observability, reliability, and agility.

The collaboration will leverage Cognizant's expertise in Cloud, Enterprise AI, and Generative AI, combined with their experience in the Food Services industry, to drive innovation and operational excellence in McDonald's global operations.

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.