Latest news with #Cognizant
Time of India
a day ago
- Business
- Time of India
LTIMindtree's Debashis Chatterjee retires early, Venu Lambu takes charge
Bengaluru: LTIMindtree's CEO Debashis Chatterjee oversaw the complex merger of two firms with distinct identities. This merger allowed the company to shed its mid-tier image and break into the tier-1 Indian IT services league. Chatterjee was entrusted with the crucial task of bridging two firms marked by cultural asymmetry, bringing them into a cohesive and future-ready IT firm. Popularly known as DC, he embraced the challenge head-on. As CEO and MD of Mindtree from 2019 until its merger with L&T Infotech in November 2022, he then took the helm of the newly formed LTIMindtree. Under his leadership, the company rose to become India's sixth-largest IT services firm by revenue, leveraging LTI's engineering DNA with Mindtree's experience DNA to create a stronger moat by building newer capabilities, client relationships, talent, and go-to-market (GTM) strategy. To reposition the firm in the eyes of clients, DC created the LTMOne strategy focused on creating a strong GTM and account mining, cost synergies, and prudent capital allocation to drive profitable growth. After spending over 35 years in the IT sector , Chatterjee opted to retire as the CEO of LTIMindtree due to personal reasons, leaving behind a strong growth engine poised to thrive in the digital marketplace. In fact, he grew LTIMindtree's banking, financial services (BFSI) practice, and technology businesses each into the $1 billion revenue club. In his previous role, Chatterjee led the BFS practice for Cognizant as SVP and global head until 2007. He was also instrumental in growing the infrastructure services practice to a $1 billion mark. DC was employee no.1 at Cognizant's development centre in Kolkata, which was incubated at his home office there. Ramkumar Ramamoorthy, partner at Catalincs and former Cognizant India CMD, said, "DC's stellar leadership was an inspiration for a generation of mid-sized IT services companies to breach the magical billion dollars in revenue and compete with the tier-1 players. Until then, the separation between the tier-1 and mid-sized companies was quite stark, with dozens of promising companies getting acquired before they crossed the half-a-billion or billion-dollar revenue mark. " He laid the spadework to envision the enterprise of tomorrow. Today, LTIMindtree has over 100 Fortune 500 companies as customers, participating aggressively in vendor consolidation deals, timing its strategic pivots, and turbocharging its portfolios, especially as it gears up to touch a near-term $5 billion goalpost. Currently, LTIMindtree has $4.5 billion in revenue, with over 700 clients and 84,000 employees. Under his and the new CEO Venu Lambu's watch, LTIMindtree won its largest deal ever, worth $450 million, from US food processing and nutrition company Archer Daniels Midland (ADM). A few months ago, LTIMindtree bagged an over $200 million deal, which is a combination of renewal and new scope. LTIMindtree's strategy is built on accelerating momentum in core verticals like BFSI and technology, expanding its Fortune 500 client base, strengthening horizontal capabilities in data and analytics, and deepening its hyperscaler partnerships. He retires from the firm, leaving behind an ambitious goal. LTIMindtree aims to more than double its revenue, targeting $10 billion by the 2031–32 financial year. In fact, its chairman SN Subrahmanyan, in a letter to shareholders in the 2024-25 annual report, praised Chatterjee's leadership, saying, "I would like to take this opportunity to acknowledge the tremendous leadership of Debashis Chatterjee (DC), under whose vision and guidance LTIMindtree has broken the shackles of being a mid-tier Indian IT company and transformed into a global IT services provider, particularly through the successful execution of the complex merger of erstwhile LTI and Mindtree. "
Yahoo
a day ago
- Business
- Yahoo
Cognizant (CTSH) Up 7.2% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Cognizant (CTSH). Shares have added about 7.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Cognizant due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates revision have trended upward during the past month. At this time, Cognizant has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Cognizant has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Cognizant is part of the Zacks Computers - IT Services industry. Over the past month, Roper Technologies (ROP), a stock from the same industry, has gained 1.2%. The company reported its results for the quarter ended March 2025 more than a month ago. Roper Technologies reported revenues of $1.88 billion in the last reported quarter, representing a year-over-year change of +12%. EPS of $4.78 for the same period compares with $4.41 a year ago. For the current quarter, Roper Technologies is expected to post earnings of $4.82 per share, indicating a change of +7.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days. Roper Technologies has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
3 days ago
- Business
- Associated Press
Cognizant to Present at the Bank of America Securities 2025 Global Technology Conference
TEANECK, N.J., May 28, 2025 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference: Bank of America Securities 2025 Global Technology Conference A live audio webcast of the presentation will be available at Cognizant's website: A replay of the webcasts will remain available on the company's website for 90 days. About Cognizant Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at or @cognizant. Investor Contact: Tyler Scott, Vice President, Investor Relations, (551) 220-8246, [email protected] View original content to download multimedia: SOURCE Cognizant Technology Solutions Corporation
Time of India
3 days ago
- Business
- Time of India
US court to Infosys, Cognizant: 'Talk it out and if not able to ...'
A US court has directed IT majors – Infosys and Cognizant to resolve their ongoing disputes over pretrial discovery matters through informal discussions, reports Economic Times. In an order dated May 23, Magistrate Judge David L. Horan instructed both companies to 'meaningfully confer before seeking the court's involvement' and attempt to reach an oral agreement on the non-dispositive issues. 'But if that fails to resolve the dispute, the parties are encouraged, where appropriate, to seek an informal telephone conference with the Court to attempt to resolve simple and straightforward disputes in an efficient and cost-effective manner,' the court said. If disagreements persist, the court has asked both sides to file a joint report. Infosys vs Cognizant: Background The litigation started after Cognizant, in August 2024, accused Infosys of stealing trade secrets related to its healthcare platform, Cognizant TriZetto Software Group . Infosys responded in January with an antitrust suit, alleging that Cognizant was abusing its monopoly power. The court has also asked both parties to provide comprehensive information related to Cognizant TriZetto Software Group . Cognizant CEO Ravi Kumar S , a former Infosys executive who joined Cognizant in January 2023, was previously the main sponsor of Infosys' competing healthcare platform Helix. Infosys has alleged that Kumar, in 2022, deliberately undermined Helix before leaving the company and joining Cognizant. 'Under Kumar's leadership, Cognizant sued Infosys, alleging trade secrets, unfair competition, and contract claims related to issues on which Kumar has undisputed personal knowledge,' Infosys claimed in its filing. While Cognizant maintains that Infosys' document requests are based on "implausible claims" and meant for harassment, Infosys insists that Kumar's role in both companies makes him uniquely positioned to provide crucial evidence. What Infosys, Cognizant said after the court ruling Just hours after the new court order, Infosys argued that Cognizant CEO Ravi Kumar S must not be shielded from the discovery process. 'Kumar's documents are relevant to Infosys's antitrust claims. As the self-described 'custodian of Cognizant,' his communications, analyses, and interactions with other Cognizant executives directly relate to Cognizant's monopolistic maneuvers,' Infosys said in a 23-page filing reviewed by ET. Infosys also requested the court to reject Cognizant's May 9 motion for a protective order, which sought to limit discovery from top executives. 'The custodian of Cognizant should be one of Cognizant's custodians in this case,' Infosys said, adding that Kumar's documents may be critical to several claims and defenses. Cognizant, in a statement, welcomed the court's involvement, saying, 'We appreciate the Court's assistance in bringing an end to Infosys' unilateral efforts to obstruct discovery.' It further accused Infosys of withholding documents that could reveal 'the true scope and impact of Infosys' misconduct. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
4 days ago
- Business
- Yahoo
CTSH Rises 9% in a Month: Is the Stock a Must-Have for Your Portfolio?
Cognizant Technology Solutions CTSH shares have rallied 9% over the past month compared with the broader Zacks Computer & Technology sector's increase of 8.8%. The outperformance can be attributed to an expanding clientele and a strong partner base. A favorable mix of business renewals and expansions of new opportunities is a major driver for Cognizant in 2025. The company's expanding partner base, which includes Pegasystems PEGA, Docusign DOCU, Omron OMRNY, NVIDIA, ServiceNow, Boehringer Ingelheim, CrowdStrike, Zscaler, IBM, Palo Alto Networks and Amazon, is expected to drive its prospects in 2025. In the first quarter of 2025, the company secured several contracts, including a mega deal valued at more than $500 million, contributing positively to overall Cognizant sustain its growth momentum with the help of its expanding partner base? Cognizant expanded its collaboration with Pegasystems to enhance its agentic AI services using Pega Blueprint. Cognizant Technology Solutions Corporation price-consensus-chart | Cognizant Technology Solutions Corporation Quote The partnership aims to streamline cloud transformations for joint clients by integrating Cognizant's intellectual property with Pega's rapid development tools, including the Bluebolt innovation program. Addressing the high costs and inefficiencies of legacy systems, the collaboration uses AI-driven capabilities for legacy code modernization, process optimization, and AI-powered solutions on the Pega Infinity platform. Together, Cognizant and Pegasystems are enabling enterprises to move beyond traditional modernization approaches toward transformative, AI-infused business growth and improved customer experiences. Cognizant's rich partner base has been a major growth driver for its success. In April 2025, the company partnered with OMRON to integrate Information Technology (IT) and Operational Technology in manufacturing, combining OMRON's automation products with Cognizant's IT expertise to enable digital transformation and operational also expanded its partnership with Docusign to enhance customer support and drive digital transformation by providing comprehensive services, including real-time assistance, training, back-office support, and onboarding consultations for Docusign solutions. Cognizant's expanding portfolio has been noteworthy. It has advanced its AI capabilities, with innovations like the Neuro AI Multi-Agent accelerator, Neuro Cybersecurity and Neuro Edge for real-time AI. These developments allowed the company to expand its AI offerings. In first-quarter 2025, Cognizant deepened its AI capabilities with more than 1,400 Generative AI engagements across multiple expanding its portfolio, Cognizant announced the open-sourcing of its Neuro AI Multi-Agent Accelerator, allowing researchers and developers to prototype and build customizable multi-agent systems quickly. This move aims to advance AI adoption by fostering collaboration and supporting scalable, secure deployment of agent networks across industries. Cognizant's strong portfolio, along with an expanding partner base, reflects solid top-line growth potential over the long run. Cognizant expects second-quarter 2025 revenues between $5.14 billion and $5.21 billion, indicating growth of 5.9%-7.4% and an increase of 5%-6.5% on a cc basis. The Zacks Consensus Estimate for second-quarter 2025 revenues is pegged at $5.19 billion, indicating year-over-year growth of 6.92%.The consensus mark for earnings is pegged at $1.25 per share, which has increased by a couple of pennies over the past 30 days. The figure implies a year-over-year increase of 6.84%. Cognizant's expanding clientele and robust AI-driven solutions are continuously contributing to its growth prospects and driving top-line growth. Cognizant stock currently carries a Zacks Rank #2 (Buy), which implies that investors should start accumulating the stock right now. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report Pegasystems Inc. (PEGA) : Free Stock Analysis Report Docusign Inc. (DOCU) : Free Stock Analysis Report Omron Corp. (OMRNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
