Cognizant Technology Solutions - CTSH STOCK NEWS

Cognizant (CTSH) reported Q1 2022 revenue of $4.8 billion, up 9.7% year-over-year, with digital revenue growing 20%. Operating cash flow stood at $306 million, and free cash flow at $186 million. Trailing 12-month bookings reached $23.4 billion, resulting in a book-to-bill ratio of 1.2x. For Q2 2022, revenue is projected between $4.90-$4.94 billion, indicating growth of 6.8%-7.8%. The company declared a quarterly dividend of $0.27 per share, payable on May 31, 2022.

Cognizant (Nasdaq: CTSH) announced it will release its first quarter 2022 earnings on May 4, 2022, after market close. A conference call to discuss the results will be held at 5:00 p.m. Eastern on the same day. Participants can join the call using provided numbers and passcode. A replay will be available for those who cannot attend live. The conference call can also be accessed via Cognizant's Investor Relations website. The company focuses on modernizing technology and transforming business processes.

Cognizant (Nasdaq: CTSH) announced the appointment of Stephen Rohleder to its Board of Directors as an independent director, effective March 2, 2022. Rohleder, with 35 years of experience at Accenture, served as Chief Operating Officer and Group Chief Executive for North America. He also led GTY Technology Holdings as Chairman, CEO, and President. His extensive background in consulting and software industries is expected to enhance Cognizant's digital offerings, aiding clients in modernizing their businesses.

Cognizant (Nasdaq: CTSH) announced its participation in the Morgan Stanley Technology, Media & Telecom Conference scheduled for March 7, 2022, at 1:20 PM ET. CEO Brian Humphries will present at this investor event. Live audio webcasts can be accessed on Cognizant's investor website, with recordings available for 90 days post-event. Cognizant focuses on modernizing technology and transforming business processes to enhance client experiences.

For more details, visit Cognizant's investor page.

Cognizant (Nasdaq: CTSH) has partnered with Microsoft to launch a new digital health solution aimed at enhancing remote patient monitoring. This solution integrates Microsoft Cloud for Healthcare, utilizing devices like smart watches and blood pressure monitors to gather patient data. Built-in analytics will aid healthcare providers in identifying chronic conditions early. The initiative aims to improve patient engagement and care, particularly beneficial as chronic diseases are projected to contribute to 70% of global deaths by 2030.

Cognizant (Nasdaq: CTSH) has renewed its contract with Volvo Cars for finance and accounting (F&A) and procurement services for a three-year term. The agreement aims to streamline global accounts payable, receivable, and logistics, enhancing efficiency through Intelligent Process Automation (IPA). Cognizant will implement best practices in invoice processing and customer support, contributing to cost reductions and improved business outcomes. Since 2011, Cognizant has partnered with Volvo, and this renewal reflects its commitment to advancing Volvo's digital transformation.

Cognizant (Nasdaq: CTSH) reported strong financial results for Q4 and FY 2021, showcasing revenue growth of 14.2% year-over-year in Q4, reaching $4.8 billion. Full-year revenue hit $18.5 billion, up 10.8% from the previous year. Adjusted diluted EPS increased to $1.10 for Q4 and $4.12 for FY 2021. The company anticipates a revenue forecast of $20.0-$20.5 billion for FY 2022, implying steady growth. Additionally, Cognizant announced a 12% dividend increase, emphasizing a robust capital strategy.

DJE Holdings, Inc. announced the acquisition of Mustache LLC, a Brooklyn-based content agency, expected to close by February 2022. Mustache will enhance DJE's Strategic Sector Agencies (SSAs) portfolio, which includes brands like Revere and Salutem. Mustache, previously under Cognizant (Nasdaq: CTSH), will retain its branding while continuing to serve clients such as Netflix. The acquisition aims to boost creative and digital capacities, leveraging Mustache's expertise to meet increasing content demands across DJE's client base.

Cognizant (Nasdaq: CTSH) will announce its fourth-quarter 2021 results on February 2, 2022, after market close. Following the announcement, a conference call will be held at 5:00 p.m. Eastern for discussing operational performance. Domestic participants can join by calling 877-810-9510, while international callers should dial 201-493-6778. The call will also be accessible live on the company's Investor Relations website. For those unable to attend, a replay will be available until February 16, 2022.