Cognizant Technology Solutions (CTSH) experienced a 9% dip in the last quarter amidst an expansion of the equity buyback, boosting the share buyback plan by $2 billion. There's heightened anticipation of the reveal of the Q1 2025 financial results.
CTSH is expanding its customer base, with key partnerships, including an exclusive deal to transform global manufacturing and an IT integration role in the manufacturing industry with
Omron. Partnerships also extend to
NVIDIA to drive AI transformation and
ServiceNow to address mid-market banking challenges with AI. The company also announced a dividend increase to $0.31. As part of its growth strategy, it is significantly investing in AI-driven technology, including partnerships with
McDonald’s and
Elektrobit to bolster innovation in AI and software-defined vehicles respectively. Wall street analysts predict that the stock’s recent performance is a reflection of its evident financial health, despite a lower-than-expected 2025 revenue forecast.
Cognizant Technology Solutions CTSH News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Wed, 09 Apr 2025 21:43:02 GMT -
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- Rumor 6
