Cognizant Technology Solutions - CTSH STOCK NEWS

Cognizant (NASDAQ: CTSH) is expanding its collaboration with Microsoft to enhance healthcare technology solutions, focusing on interoperability and streamlined claims management. This partnership aims to integrate Cognizant's TriZetto healthcare products with Microsoft Cloud for Healthcare, facilitating easier access to advanced technology for payers and providers. The initiative seeks to empower healthcare organizations to improve patient and member experiences by providing transparency in healthcare data and cost assessments. With 347K+ healthcare providers and 8K+ payers using TriZetto, this integration is expected to unlock growth, new revenue streams, and operational efficiency in a rapidly evolving healthcare landscape.

Cognizant (NASDAQ: CTSH) has been recognized as a Leader in healthcare cloud-based core administration by the Everest Group in their 2023 report. This assessment evaluated 14 IT healthcare service providers, with Cognizant's TriZetto practice highlighted for its extensive service portfolio, strong technical capabilities, and positive client feedback. Key findings include advancements in claims processing and policy administration, with Cognizant's technology solutions improving auto adjudication rates significantly. The company aims to enhance healthcare administration efficiency and consumer care through ongoing investments and partnerships.

Cognizant (Nasdaq: CTSH) announced the appointment of Abraham ('Bram') Schot as an independent director, effective April 3, 2023. With over 30 years of experience in the automotive industry, including leadership roles at Volkswagen AG and Audi Group, Schot brings significant operational and technological expertise. His appointment increases the Board to 14 members, with 13 being independent. Cognizant aims to enhance its governance structure as half of its directors have been appointed in the last four years, focusing on innovation and customer-centric strategies to boost growth.

Cognizant (Nasdaq: CTSH) has been selected by Volkswagen Group Ireland to transform its digital customer service landscape. The initiative involves re-engineering VWG Ireland's contact center into an omni-channel customer experience platform using Salesforce Service Cloud Voice and Amazon Connect. This modernization aims to unify customer service operations, reduce maintenance costs, and enhance efficiency. Cognizant will provide advanced insights into customer journeys to improve reporting and decision-making. This partnership marks a significant step in helping VWG Ireland meet evolving customer expectations in a rapidly changing automotive sector.

Cognizant (Nasdaq: CTSH) has been selected by DSB, Denmark's largest railway operator, as the sole provider of offshore IT consulting services. This multi-year agreement aims to enhance DSB's data analytics, IoT, and software development capabilities, thereby improving train availability and customer experience. DSB expects to become more data-driven and sustainable through better connectivity and IoT-enabled assets. The collaboration is part of DSB's ongoing strategy to adapt to shifting transportation patterns post-pandemic and invest in electrification, while Cognizant leverages its expertise in sustainable transportation.

Cognizant (Nasdaq: CTSH) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference, scheduled for March 8, 2023, at 11:35 AM EST. Chief Financial Officer Jan Siegmund will present at the event. Live audio webcasts will be available on Cognizant's website with a replay accessible for 90 days. The conference aims to showcase Cognizant's role in modernizing technology and transforming business processes, aligning with its mission to engineer modern businesses. For more details, visit investors.cognizant.com.

Cognizant (Nasdaq: CTSH) has appointed Nella Domenici to its Board of Directors as an independent director, effective February 21, 2023. With this addition, the Board expands to 13 members, 12 of whom are independent. Domenici has extensive experience in strategic finance, M&A, and corporate strategy, previously serving as CFO at Dataminr and Bridgewater Associates. Her expertise in capital markets is expected to enhance Cognizant's growth strategy. This marks the sixth new independent director added in the last four years as part of the Board's refreshment initiative.

Cognizant has partnered with Orica to implement a digital platform for real-time monitoring and forecasting of greenhouse gas emissions as part of Orica's Net Zero strategy. This initiative supports Orica’s AUD 37 million (USD 27 million) Kooragang Island Decarbonization Project, aiming to achieve a cumulative reduction of 4.7 million tonnes of CO₂e by 2030. Leveraging Orica's Microsoft Azure data lake, the platform will consolidate emissions data to enhance reporting and compliance. Both companies emphasize the growing need for sustainability in the resources industry, highlighting their commitment to reducing carbon footprints.

Cognizant (NASDAQ: CTSH) received recognition as a technology leader in Q4 2022 by independent analyst firms across multiple sectors, including banking, insurance, and healthcare. In total, Cognizant was highlighted in 17 reports, showcasing its strengths in partnerships with firms like Workday and Guidewire, along with advanced solutions in automation and cloud technology. In 2022, Cognizant was named a leader in 53 different reports. Gaurav Chand, EVP, noted the company's commitment to delivering transformative solutions, underscoring its role in helping clients modernize their operations and embrace digital transformation.