Cognizant Technology Solutions - CTSH STOCK NEWS

Cognizant (NASDAQ: CTSH) is enhancing its data modernization offering by integrating NVIDIA RAPIDS and the Cognizant® Data and Intelligence Toolkit to address enterprise cloud computing cost challenges. The collaboration aims to optimize cloud expenditures and enhance performance through GPU-based infrastructure.

Proprietary benchmarks demonstrate a 2.5x acceleration in data engineering and data science workloads, alongside a 66% reduction in computing costs compared to CPU-processing. The solution is expected to achieve 50-80% automation in cloud modernization processes, helping businesses accelerate data processing capabilities while optimizing costs.

Cognizant (CTSH) has partnered with FCCI Insurance Group to launch new Excess & Surplus (E&S) lines of business, which went live on October 1, 2024. The collaboration leverages Duck Creek's policy administration system to modernize FCCI's operations and expand into the E&S market. The implementation aims to drive operational efficiencies, automate processes, and enhance product speed to market. The E&S segment includes General Liability, Excess Liability, Inland Marine, Crime, and Property and Package, with initial lines launched in October 2024 and remaining lines scheduled for early 2025.

Cognizant (NASDAQ:CTSH) has been recognized as one of America's Greenest Companies by Newsweek, ranking among the Top 300 U.S. companies for environmental sustainability. The company has also received multiple awards for its sustainability efforts, including a 2024 International Green Apple Environment Award and two National Awards for Excellence in CSR & Sustainability.

Cognizant is progressing towards its net zero goal of reducing total emissions by 50% by 2030 and 90% by 2040. The company focuses on sourcing renewable electricity, improving energy efficiency, and reducing greenhouse gas emissions across its supply chain. A notable initiative is the chiller retrofit project completed in early 2024, which is expected to save approximately 7.9 million units of energy annually and significantly reduce emissions.

The company's comprehensive approach to achieving net-zero emissions includes renewable energy sourcing, energy efficiency improvements, supplier engagement, optimized business travel, and the use of certified carbon offsets. Cognizant is also leveraging AI solutions and building a climate-competent workforce to support its sustainability goals.

Cognizant (NASDAQ: CTSH) has launched Cognizant Neuro® Cybersecurity, an AI-powered platform designed to enhance enterprise cybersecurity resilience. This new addition to Cognizant's Neuro suite aims to address the challenges of managing multiple security tools and complex threats in the AI era.

Key features of the platform include:

• Aggregation of point solution results
• Unified security management
• Enhanced threat detection and response
• Intuitive interface
• Scalability and flexibility

The platform is designed to provide a holistic view of security threats, vulnerabilities, and risk information, enabling faster decision-making and risk mitigation across enterprises.

Cognizant (NASDAQ: CTSH) and du, a leading telecom and digital services provider, have announced a five-year strategic partnership to accelerate du's digital transformation. The collaboration aims to enhance du's internal capabilities and maintain its position at the forefront of the telecommunications industry. Cognizant will provide comprehensive services including quality engineering and assurance, release management, automation services, and governance for various systems and digital areas.

The partnership will support du's strategic initiatives with enterprise architecture and high-level solution design, focusing on improving quality and reducing time to market. This collaboration is expected to empower du to elevate its service quality and provide tailored digital experiences to meet diverse client needs, aligning with the UAE's innovation and growth objectives.

Cognizant (NASDAQ:CTSH) has announced significant enhancements to its Cognizant Neuro® AI platform, aimed at enabling enterprises to rapidly discover, prototype, and develop AI use cases for improved decision-making. The platform now features multi-agent AI orchestration to accelerate the enterprise AI productivity-to-growth journey.

Key features include:

• Opportunity Finder: A multi-agent powered discovery tool to identify use cases
• Model Orchestrator: A drag-and-drop interface for data cleaning and machine learning model application
• Pre-built configurations for various industries and use cases

The enhanced platform has been tested and used by dozens of clients, including Gilead Sciences and Bayer Crop Science, and is backed by multiple patents. It addresses the challenges faced by enterprises in implementing and scaling cross-enterprise AI use cases, as identified in a Cognizant and Oxford Economics study.

Cognizant (NASDAQ: CTSH) and Palo Alto Networks are partnering to deliver AI-driven cybersecurity capabilities and services for enterprises across industries. The partnership aims to help clients consolidate security products, reduce complexity, and improve overall security through platformization. Cognizant will deepen its expertise across Palo Alto Networks' AI-powered platforms and bring to market tailored, AI-led solutions for better attack protection and faster issue resolution.

Cognizant will initially feature four key managed platform offerings: SecureNXT Access, SecureNXT Cloud, SecureNXT EDR/MDR, and SecureNXT SOC. These offerings are designed to mitigate cybersecurity risks, manage cyber events, foster cyber resilience, and enhance regulatory compliance. The partnership also supports Cognizant's internal security infrastructure and global cyber defense program.

Cognizant (Nasdaq: CTSH), a leading provider of IT, consulting, and business process services, has announced that it will release its third quarter 2024 earnings on Wednesday, October 30, 2024 after market close. The company will host a conference call at 5:00 p.m. Eastern to discuss the quarter's operating performance.

Interested parties can participate in the call using the following details:

• Domestic callers: 877-810-9510
• International callers: 201-493-6778
• Conference passcode: Cognizant Call

The call will also be available live on Cognizant's Investor Relations website. A replay will be accessible until November 13, 2024, via phone and on the company's website for 60 days following the call.

Cognizant Foundation India is celebrating its 20th anniversary of community impact in India. Over the past two decades, the foundation has partnered with over 300 non-profit organizations and implemented more than 600 projects, positively impacting millions of disadvantaged people across the country. The foundation focuses on empowering people with disabilities, promoting holistic child development, and fostering gender equality.

Recent efforts have centered around Health4All and Future4All initiatives, including projects for quality healthcare access, inclusive learning, STEAM education, and technology-enabled skilling. In 2023-24, Cognizant Foundation India supported 101 projects with 40 non-profit organizations, reaching hundreds of thousands of people. Notable projects include developing Blimey, a cloud-based learning platform for visually impaired individuals, and collaborating with Help the Blind Foundation to provide smart vision glasses and training.