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Cognizant(CTSH) - 2024 Q3 - Quarterly Results
2024-10-30 20:04
Exhibit 99.1 Cognizant Reports Third Quarter 2024 Results 1 • Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency , the high end of our guidance ranges • Operating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-year • Adjusted Operating Margin of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operatin ...
Cognizant Reports Third Quarter 2024 Results
Prnewswire· 2024-10-30 20:01
Revenue of $5.0 billion, increased 3.0% year-over-year or 2.7% in constant currency1, the high end of our guidance ranges Operating margin of 14.6%, sequentially flat and increased 60 basis points year-over-year; year-to-date operating margin of 14.6%, increased 110 basis points year-over-year Adjusted Operating Margin1 of 15.3%, increased 10 basis points sequentially and decreased 20 basis points year-over-year; year-to-date Adjusted Operating Margin of 15.2%, increased 40 basis points year-over-year Trai ...
Cognizant's Synapse Skilling Initiative Impacts More Than 275,000 Individuals in its First Year
Prnewswire· 2024-10-29 18:59
Launched about one year ago, Cognizant created Synapse as a global program to equip individuals with the technology skills they need to be part of the workforce of the future. TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) today announced it has reached more than 275,000 people via its global skilling initiative, Synapse, which launched one year ago in October, 2023. This milestone shows Cognizant is more than a quarter of the way toward reaching the program's goal to advance technolo ...
Cognizant Collaborates with Alnylam as Technology Services Partner to Scale IT Operations
Prnewswire· 2024-10-29 16:00
Utilizing Cognizant's top-tier managed services frameworks and tools, the partnership aims to enhance Alnylam's automation and reduce operational effortsTEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today a new agreement with Alnylam Pharmaceuticals, Inc., a leading biopharmaceutical company and the pioneer in RNA interference (RNAi) therapeutics. Cognizant will serve as an integral IT Managed Services provider for Alnylam. This collaboration aims to scale Alnylam's IT oper ...
Cognizant Signs Strategic Collaboration Agreement with AWS to Empower the Digital Factory and Enhance Smart Manufacturing
Prnewswire· 2024-10-29 13:00
Cognizant and AWS to bring generative AI-powered offerings to market to transform manufacturing operations at scale, for enterprises in industrial, automotive, life sciences and consumer goods industries TEANECK, N.J., Oct. 29, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) announced today that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS), with plans to deliver advanced technology solutions and cloud computing services, focused on enhancing smart manufacturing capabil ...
Cognizant Set to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2024-10-28 18:36
Cognizant Technology Solutions (CTSH) is scheduled to report its third-quarter 2024 results on Oct. 30.The Zacks Consensus Estimate for earnings is pegged at $1.15 per share, unchanged in the past 30 days. This indicates a decline of 0.86% from the figure reported in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Cognizant expects third-quarter 2024 revenues between $4.89 billion and $4.96 billion, indicating a decline of 0.2% to an increase of 1.3% (an increa ...
Exploring Analyst Estimates for Cognizant (CTSH) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-28 14:21
Analysts on Wall Street project that Cognizant (CTSH) will announce quarterly earnings of $1.15 per share in its forthcoming report, representing a decline of 0.9% year over year. Revenues are projected to reach $5 billion, increasing 2.2% from the same quarter last year. The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates durin ...
Cognizant Named Number 10 on Newsweek's List of America's Most Reliable Companies 2025
Prnewswire· 2024-10-24 15:13
TEANECK, N.J., Oct. 24, 2024 /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced it has been named number 10 on Newsweek's list of America's Most Reliable Companies. This prestigious recognition recognizes companies that deliver exceptional reliability for clients through dependable actions and decisions.Cognizant Named Number 10 on Newsweek’s List of America’s Most Reliable Companies 2025America's Most Reliable Companies 2025 is presented in collaboration with Statista, the world-leading statistics por ...
Cognizant (CTSH) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-10-23 15:07
Cognizant (CTSH) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are better than ...
FCCI Collaborated with Cognizant to Create New Excess & Surplus Insurance Lines of Business
Prnewswire· 2024-10-23 12:00
Cognizant leveraged Duck Creek Technologies' cutting-edge policy administration system to modernize FCCI's operations and expand the insurance group's footprint into the Excess & Surplus marketTEANECK, N.J., Oct. 23, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today that, under strategic partnership as system integrator with FCCI Insurance Group (FCCI), they have supported the creation of FCCI's new Excess & Surplus (E&S) lines of business, which launched Oct. 1, 2024. This strategic collaborati ...