$CTSH (Cognizant Technology Solutions Corporation)

$CTSH {{ '2016-08-05T10:58:33+0000' | timeago}} • Announcement

Information technology consulting and outsourcing firm $CTSH reported decline in 2Q16 earnings due to negative impact of incremental taxes associated with a one-time remittance of cash from India to the U.S. Net income fell to $252.4MM or $0.41 per share from $420.1MM or $0.68 per share last year. Non-GAAP EPS increased to $0.87 from $0.79.

$CTSH {{ '2017-06-16T11:20:05+0000' | timeago}} • Announcement

$CTSH has announced Shared Investigator Platform (SIP) capabilities, in collaboration with TransCelerate BioPharma , that make it easier for clinical trial researchers to access, share and analyze data. SIP, a cloud-based platform to support common research and clinical trials, reduces the complexity of clinical development and improves efficiency.

$CTSH {{ '2017-06-13T13:14:29+0000' | timeago}} • Announcement

$CTSH agreed to buyHealth Care Service Corporation's (HCSC) subsidiary TMG Health.   The transaction is expected to close in 3Q17. TMG Health's healthcare business and technology professionals will become employees of $CTSH upon the close of the transaction.

$CTSH {{ '2017-06-13T13:13:17+0000' | timeago}} • Announcement

$CTSH agreed to buy Health Care Service Corp.'s (HCSC) subsidiary TMG Health. As part of expansion of $CTSH's strategic relationship with HCSC, TMG Health will enter into new, expanded multi-year service agreement to continue providing information technology, business process and other services to HCSC's various operating units and subsidiaries.

$CTSH {{ '2017-05-23T12:48:59+0000' | timeago}} • Announcement

$CTSH announced the expansion of its Latin American operations with the opening of a new center in Sao Paulo, Brazil to support increasing demand for the company's digital business, operations and systems and technology services.

$CTSH {{ '2017-05-17T12:44:58+0000' | timeago}} • Announcement

$CTSH said the agreement will enable $CTSH to further expand its presence in Europe, including France, where it has created over 800 new jobs over for the past eight years along with the establishment of delivery and operations centers in Paris, Lyon and Grenoble.

$CTSH {{ '2017-05-17T12:43:50+0000' | timeago}} • Announcement

Dexia and $CTSH signed a Letter of Intent for Future Collaboration on Information Technology and Business Process Services. $CTSH will enable Dexia to digitally transform its operations at enterprise scale by simplifying, modernising, optimising and further securing Dexia's technology infrastructure.

$CTSH {{ '2017-05-17T12:42:43+0000' | timeago}} • Announcement

European banking group Dexia and $CTSH signed a Letter of Intent relating to exclusive discussions regarding a long-term agreement for $CTSH to become Dexia's strategic provider of information technology and business process services for capital markets and credit operations in France and Belgium.

$CTSH {{ '2017-05-05T14:29:44+0000' | timeago}} • Webcast

$CTSH stated that on the scale up of consulting business, it has got strong campus hiring in India, US and Europe. Consequently, the basic mechanism of scaling that up is very much in place and strong. In terms of areas of focus, $CTSH will continue to deepen its consulting capability in the industries it serves.

$CTSH {{ '2017-05-05T14:16:20+0000' | timeago}} • Webcast

$CTSH said that on GM guidance, it will move up and down, while the company's focus is on non-GAAP operating margin. In 2017, the company expects headcount growth to be slower than revenue, which is contrary to what happened in 2016. So the lower utilization was putting pressure on GM, but is expected to reverse itself through the rest of the year.

$CTSH {{ '2017-05-05T14:10:50+0000' | timeago}} • Webcast

$CTSH commented that on the headcount, at a macro level it's safe to assume that utilization will go up throughout the year. The company added that it will continue to hire as it continues to drive forward with the change in the skills mix. Therefore, in 1Q17 $CTSH added about a net of 1,000 people, which will move up and down through the year.

$CTSH {{ '2017-05-05T12:26:50+0000' | timeago}} • Infographic

$CTSH Cognizant Technology Solutions Corporation Earnings AlphaGraphics: Q1 2017 highlights

$CTSH {{ '2017-05-05T10:52:26+0000' | timeago}} • Announcement

With the planned realignment program at $CTSH, the company expects it to help improve the non-GAAP operating margin to 22% in calendar year 2019 while continuing to drive revenue growth. Cognizant expects to incur the majority of the total costs related to the realignment program in 2017.

$CTSH {{ '2017-05-05T10:50:31+0000' | timeago}} • Announcement

As $CTSH posted its 1Q17 results, the tech firm also declared its initial quarterly cash dividend of $0.15 per share for shareholders of record at the close of business on May 22, 2017. This dividend will be payable on May 31, 2017.

$CTSH {{ '2017-05-05T10:49:19+0000' | timeago}} • Announcement

$CTSH now sees 2Q17 revenue at $3.63-3.68Bil, generating a non-GAAP diluted EPS of at least $0.89. For FY17, Cognizant expects revenue in the range of $14.56Bil to $14.84Bil. Full year non-GAAP diluted EPS is touted to be at least $3.64.

$CTSH {{ '2017-05-05T10:46:53+0000' | timeago}} • Announcement

Revenue of $CTSH hiked 10.7% to $3.55Bil in 1Q17, as the technology solutions company's net income rose to $557MM from last year's $441MM. Earnings went up to $0.92 per diluted share from $0.72 per share a year ago.

$CTSH {{ '2017-03-31T17:55:37+0000' | timeago}} • Announcement

$CTSH elected Betsy Atkins and John Dineen to its board as new independent directors, effective April 1, 2017. Atkins has been the CEO of venture capital firm Baja LLC, and Dineen has previously served as CEO of GE Healthcare.

$CTSH {{ '2017-03-14T12:56:05+0000' | timeago}} • Announcement

$CTSH launched $1.5Bil accelerated share repurchase (ASR). Final settlements of the transactions under the ASR agreements are scheduled to occur during or prior to 3Q17. $CTSH will fund the ASR program on March 14, 2017 from cash on hand and its existing credit facility.

$CTSH {{ '2017-03-14T12:54:55+0000' | timeago}} • Announcement

$CTSH entered into accelerated share repurchase (ASR) agreements with Barclays Bank PLC, Citibank N.A., and UBS AG, London Branch to repurchase an aggregate of $1.5Bil of $CTSH's Class A common stock. Under the terms, about 21.5MM of the shares to be repurchased will be received by $CTSH on March 14, 2017.

$CTSH {{ '2017-03-02T14:18:26+0000' | timeago}} • Announcement

$CTSH announced the acquisition of Brilliant Service Co. Ltd., an intelligent products and solutions company headquartered in Japan. As part of the acquisition, a team of 70 professionals with extensive digital solutions experience and insights in the Japanese market will join $CTSH. The terms of the transaction were not disclosed.

$CTSH {{ '2017-02-21T15:36:55+0000' | timeago}} • Announcement

$CTSH opened its Digital Business Collaboratory in Melbourne, Australia. The Collaboratory provides a dedicated space, technology, managed innovation process, and a team of experts so clients can work with $CTSH and partners to design, prototype, and build innovative solutions for the digital economy.

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