Latest news with #CognizantTechnologySolutions
Yahoo
23-05-2025
- Business
- Yahoo
Cognizant Technology Sets Sights on AI Agents Market, Open-Sources Neuro AI Multi-Agent Accelerator
Cognizant Technology Solutions Corp (NASDAQ:CTSH) is strategically positioning itself in the burgeoning AI Agents market. On May 21, the information technology and consulting company confirmed the open-sourcing of its AI multi-agent platform Neuro AI Multi-Agent Accelerator. By open-sourcing Neuro AI Multi-Agent Accelerator for research and academic use, Cognizant Technology Solutions positions itself in the rapidly growing AI agents sector. On the other hand, domain experts, researchers, and developers can now prototype and build agent networks across any use case. The open-sourced software should also help enhance AI adoption and real-time decision-making. The decision comes on the heels of Cognizant Technology Solutions helping a healthcare company create a Contract Negotiator agent network. The company also worked with Australia's telecommunication company Telstra to test and deploy multi-agent systems. The company has also underlined its push for value in the rapidly growing AI agent market by opening more than 65 conversations with clients around agentic AI. It has also inked strategic partnerships with major players like Salesforce Agentforce and Google's Agentspace, further strengthening its prospects in the burgeoning segment. Meanwhile, analysts at JPMorgan have upgraded Cognizant Technology Solutions from Neutral to Overweight. The analysts also hiked the price target to $98 from $88, affirming their confidence in the company's operational performance and strategic positioning. While we acknowledge the potential of Cognizant Technology Solutions Corp (NASDAQ:CTSH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CTSH and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. 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
Yahoo
03-05-2025
- Business
- Yahoo
Why Cognizant Technology Solutions Stock Triumphed on Thursday
A pair of modest beats on first-quarter results was enough to bring a pack of bulls into the stock. The company is harnessing artificial intelligence (AI) to enhance its offerings. IT services and consulting company Cognizant Technology Solutions (NASDAQ: CTSH) enjoyed a buoyant Thursday on the stock market. The company's shares ended the trading session in positive territory, with a more than 2% rise on the back of a well-received quarterly earnings report. That performance was sufficient to top the S&P 500 (SNPINDEX: ^GSPC), which crept up by 0.6%. For its first quarter, Cognizant's revenue totaled almost $5.12 billion, representing a 7.5% gain over the same period of 2024. That was on the back of a 3% improvement in trailing-12-month bookings, to $26.7 billion. Generally accepted accounting principles (GAAP) net income also rose, landing at $663 million from the year-ago $546 million profit. On a non-GAAP (adjusted) and per-share basis, the company's earnings were 10% higher at $1.23. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The two core fundamentals were slightly higher than analysts had anticipated. Those pundits were collectively modeling $5.06 billion on the top line, and $1.20 per share for adjusted profitability. In its earnings release, Cognizant said that artificial intelligence (AI) technology is making a difference for the company. It quoted CEO Ravi Kumar as saying, "Today, productivity, cost reduction, and resiliency are especially important, and we believe our differentiated AI and platform capabilities are helping clients navigate the near-term uncertainty while embarking on longer-term AI-led transformation." Cognizant also proffered guidance for both its current (second) quarter and full-year 2025. For the latter period, it's modeling $20.5 billion to $21 billion, which would mean growth of just under 4% at least. Adjusted earnings per share is forecast at $4.98 to $5.14. The average analyst estimates fall within these ranges. The consensus for revenue is nearly $20.6 billion, and for adjusted net income is $4.99. If I were a Cognizant shareholder, I would have liked to see a higher growth number for bookings; otherwise, it was a decent quarter for the specialized tech company. It's certainly worthy of consideration as a buy. Before you buy stock in Cognizant Technology Solutions, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cognizant Technology Solutions wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $610,327!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $667,581!* Now, it's worth noting Stock Advisor's total average return is 882% — a market-crushing outperformance compared to 161% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Cognizant Technology Solutions. The Motley Fool has a disclosure policy. Why Cognizant Technology Solutions Stock Triumphed on Thursday was originally published by The Motley Fool Sign in to access your portfolio
News18
02-05-2025
- Business
- News18
TCS, Infosys, Other IT Stocks Surge As Cognizant Raises Outlook, Beats Q1 Estimates
IT Stocks Today: Indian IT stocks rise as Cognizant beats Q1 estimates, lifts outlook; AI demand, BFSI rebound boost sector sentiment Indian IT stocks gained traction on May 2 after Cognizant Technology Solutions reported strong Q1 results and raised its full-year revenue forecast, driven by growing demand for AI-powered IT services. Shares of TCS, Infosys, Wipro, and HCL Technologies climbed up to 1.5%, outpacing the 1% rise in the Nifty IT index. Despite being down nearly 17.5% year-to-date, the Nifty IT index has staged a comeback—rallying around 11% since April 9. The rebound followed U.S. President Donald Trump's decision to pause reciprocal tariffs for 90 days, easing concerns for Indian exporters. Cognizant, which follows the calendar year for its financials, reported Q1 revenue of $5.1 billion—a 7.5% YoY growth (8.2% in constant currency)—beating both the upper end of its guidance and Wall Street estimates of $5.07 billion. Net profit surged 21% to $663 million for the quarter ended March 31, 2025. The company reaffirmed its full-year constant currency revenue growth outlook of 3.5–6%, while cautioning of a sequential slowdown in Q2, projecting growth of 5–6.5%. CFO Jatin Dalal said there were no significant macro disruptions or client cancellations in Q1, though some impact is expected in Q2. Financial services demand remained strong. Total bookings for the quarter came in at $26.7 billion, up 3% YoY, with a book-to-bill ratio of 1.3x. However, quarterly bookings dipped 7% compared to the same period last year. The company secured four $100-million-plus deals during Q1, down from ten in the previous quarter. Cognizant shares rose about 0.5% in after-hours trading on the Nasdaq following the earnings announcement. According to CLSA, a recovery in the healthcare and BFSI sectors—especially after a prolonged slump in the latter—signals a positive shift for Indian IT companies with significant exposure to these verticals. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 02, 2025, 12:43 IST
Mint
01-05-2025
- Business
- Mint
Cognizant Q1 Results: IT major posts better-than-expected earnings, raises annual revenue forecast on strong AI demand
Cognizant Technology Solutions raised its annual revenue forecast and beat first-quarter results on Wednesday, driven by increased demand for AI-powered IT services. As clients transition to cloud-based systems and automate their operations, many are turning to AI-infused services offered by companies like Cognizant. This shift has helped the firm mitigate the effects of a volatile market. With Generative AI gaining traction, clients are increasingly integrating AI into software development cycles, streamlining operations and enhancing customer support. Cognizant expects annual revenue in the range of $20.5 billion to $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion and $20.80 billion. Analysts had, on average, expected $20.68 billion for 2025. "We believe our differentiated AI and platform capabilities are helping clients navigate the near-term uncertainty while embarking on longer-term AI-led transformation" said CEO Ravi Kumar S. In March, the company's board approved a $2 billion increase to its ongoing share repurchase plan, raising the total remaining authorization to $3.1 billion. The New Jersey-based company's first-quarter revenue was $5.12 billion, slightly above analysts' average estimate of $5.11 billion. Its adjusted profit per share in the reported quarter was $1.23, compared with the estimate of $1.20 per share. Cognizant expects second-quarter revenue between $5.14 billion and $5.21 billion, the mid-point of which is above estimate of $5.12 billion, according to data compiled by LSEG. First Published: 1 May 2025, 11:05 AM IST
CNA
30-04-2025
- Business
- CNA
Cognizant lifts annual revenue forecast on strong AI demand
Cognizant Technology Solutions raised its annual revenue forecast and beat first-quarter results on Wednesday, driven by increased demand for AI-powered IT services. As clients transition to cloud-based systems and automate their operations, many are turning to AI-infused services offered by companies like Cognizant. This shift has helped the firm mitigate the effects of a volatile market. With Generative AI gaining traction, clients are increasingly integrating AI into software development cycles, streamlining operations and enhancing customer support. Cognizant expects annual revenue in the range of $20.5 billion to $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion and $20.80 billion. Analysts had, on average, expected $20.68 billion for 2025. "We believe our differentiated AI and platform capabilities are helping clients navigate the near-term uncertainty while embarking on longer-term AI-led transformation" said CEO Ravi Kumar S. In March, the company's board approved a $2 billion increase to its ongoing share repurchase plan, raising the total remaining authorization to $3.1 billion. The New Jersey-based company's first-quarter revenue was $5.12 billion, slightly above analysts' average estimate of $5.11 billion. Its adjusted profit per share in the reported quarter was $1.23, compared with the estimate of $1.20 per share. Cognizant expects second-quarter revenue between $5.14 billion and $5.21 billion, the mid-point of which is above estimate of $5.12 billion, according to data compiled by LSEG.
