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Cognizant


News

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions June 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Monday: ** Former media executive Edgar Bronfman Jr., backed by private equity firm Bain Capital, has expressed interest in buying Paramount's PARA.O controlling shareholder National Amusements, a source familiar with the matter said.
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Cognizant to acquire Belcan for $1.3 billion

CORRECTED-UPDATE 1-Cognizant to acquire Belcan for $1.3 billion Corrects Belcan's employee headcount in paragraph 2, spelling of Belcan in paragraph 3 By Milana Vinn June 10 (Reuters) - Information technology services provider Cognizant Technologies CTSH.O said on Monday it has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock.
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Cognizant to acquire Belcan for $1.3 billion, sources say

CORRECTED-Cognizant to acquire Belcan for $1.3 billion, sources say Corrects Belcan's employee headcount in second paragraph By Milana Vinn June 10 (Reuters) - Information technology services provider Cognizant Technologies CTSH.O has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock, according to people familiar with the matter.
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House Dems urge NLRB probe of Google's alleged union busting

House Dems urge NLRB probe of Google's alleged union busting By Daniel Wiessner May 30 (Reuters) - Dozens of Democrats in the U.S. House of Representatives on Thursday urged the National Labor Relations Board to swiftly investigate claims that Alphabet's Google illegally laid off workers who unionized, saying the case could have a national impact.
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Former Wipro CEO Delaporte earned $20 mln in last year at helm

Former Wipro CEO Delaporte earned $20 mln in last year at helm By Haripriya Suresh BENGALURU, May 23 (Reuters) - India's No.4 IT services firm Wipro WIPR.NS paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025. The Frenchman's compensation included $3.9 million in salary and allowances, about $5.1 million in variable pay, the cost of accelerated vesting of his stock options and cash compensatio
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India's mid-tier IT firms gain share from industry goliaths

India's mid-tier IT firms gain share from industry goliaths By Sai Ishwarbharath B BENGALURU, May 22 (Reuters) - Mid-tier firms in India's $254 billion information technology sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change PDD Holdings Inc PDD.OQ +3.3% Starbucks Corp SBUX.OQ +2.6% Tesla Inc TSLA.OQ +2.4% Advanced Micro Devices Inc AMD.OQ +2.3% CrowdStrike Holdings Inc CRWD.OQ +1.8% Bottom Performers Percent Change Dollar Tree Inc DLTR.OQ -2.6% Cognizant Technology Solutions Corp CTSH.OQ -2.1% Warner Bros Discovery Inc WBD.OQ -1.9% Lam Research Corp LRCX.OQ -1.8% Electronic Arts Inc EA.OQ -1.7% The N
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Reuters U.S. Sports Schedule at 2:20 PM ET on Sunday, May 12

Reuters U.S. Sports Schedule at 2:20 PM ET on Sunday, May 12 May 12 (Reuters) - Reuters U.S. sports schedule at 2:20 PM ET on Sunday: - - - - FOOTBALL UFL Today's games (All times ET) Michigan at D.C., noon San Antonio at Houston, 3 p.m. - - - - BASEBALL MLB Dodgers DH Shohei Ohtani (back) not in lineup vs. Padres Los Angeles Dodgers designated hitter Shohei Ohtani was not in Sunday's lineup against the San Diego Padres, one day after he left in the ninth inning with back tightness.
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REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2:30 p.m. ET/6:30  p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SPORTS TENNIS-ROME/ Tennis-Nadal unclear on French Open participation after Rome exit ROME, May 11 (Reuters) - Rafa Nadal said he was still in two minds about whether he will play in the French Open starting this month aft
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REUTERS SPORTS SCHEDULE AT 2 p.m GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 10 a.m. ET/2 p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SPORTS SOCCER-ENGLAND-FUL-MCI/REPORT Soccer-Gvardiol double sends Man City top of the table LONDON - Manchester City hit the top of the Premier League with one week of the season left as two goals by Josko Gvardiol and one each from Phi
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REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/ 2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/ 2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 6:30 p.m. GMT/ 2:30 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-ENGLAND-FUL-MCI/PREVIEW Soccer-Guardiola hails 'incredible' rivals as title race goes down to the wire Manchester City manager Pep Guardiola knows all about Premier League title battles that go down to the wire and s
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REUTERS SPORTS SCHEDULE AT 2:00 p.m. GMT/ 10:00 a.m. ET

REUTERS SPORTS SCHEDULE AT 2:00 p.m. GMT/ 10:00 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2:00 p.m. GMT/ 10:00 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES SOCCER-ENGLAND-FUL-MCI/PREVIEW Soccer-Guardiola hails 'incredible' rivals as title race goes down to the wire Manchester City manager Pep Guardiola knows all about Premier League title battles that go down to the wire and
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REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/ 2:30 p.m. ET

REUTERS SPORTS SCHEDULE AT 6:30 p.m. GMT/ 2:30 p.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 6:30 p.m. GMT/ 2:30 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES TENNIS-ROMA/ Tennis-Nadal battles past Bergs in Italian Open first round Ten-time champion Rafa Nadal overcame losing the opening set to defeat Belgian qualifier Zizou Bergs 4-6 6-3 6-4 and reach the Italian Open second rou
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Trade Desk Inc TTD.OQ +2.9% DoorDash Inc DASH.OQ +2.3% Moderna Inc MRNA.OQ +2.2% Booking Holdings Inc BKNG.OQ +2.1% IDEXX Laboratories Inc IDXX.OQ +2.0% Bottom Performers Percent Change Airbnb Inc ABNB.OQ -6.7% NVIDIA Corp NVDA.OQ -1.8% Palo Alto Networks Inc PANW.OQ -1.7% Cognizant Technology Solutions Corp CTSH.OQ -1.7% Broadcom Inc AVGO.OQ -1.5% The Nasdaq 100 .NDX lost 0.88 po
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REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2 p.m. GMT/10 a.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES MOTOR-F1-MCLAREN/ McLaren can mount title challenge in 2025, says Norris LONDON, May 9 (Reuters) - McLaren can mount a Formula One championship challenge next season after taking the fight to Red Bull in 2024, Lando Norris said on Thur
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Software provider EPAM sees weak 2024 as slow demand hurts

Software provider EPAM sees weak 2024 as slow demand hurts May 9 (Reuters) - EPAM Systems EPAM.N forecast full-year profit and revenue below analysts' expectations on Thursday, hurt by weaker demand for its software services, sending shares of the company down about 9% in premarket trading. Sticky inflation and higher interest rates have slowed enterprises' digitization efforts and cloud adoption, affecting IT-service providers across the globe.
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U.S. Mastercard, Metagenomi, Ziff Davis

U.S. RESEARCH ROUNDUP- Mastercard, Metagenomi, Ziff Davis May 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Mastercard, Metagenomi and Ziff Davis, on Thursday. HIGHLIGHTS * Community Healthcare Trust Inc CHCT.N : Piper Sandler cuts to neutral from overweight * Mastercard Inc MA.N : JP Morgan cuts target price to $510 from $520 * Metagenomi Inc MGX.O : JP Morgan cuts to neutral from overweight * Parsons Corp PSN.N
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Cognizant Technology Solutions Corp reports results for the quarter ended in March - Earnings Summary

Cognizant Technology Solutions Corp reports results for the quarter ended in March - Earnings Summary Cognizant Technology Solutions Corp CTSH.OQ reported quarterly adjusted earnings of $1.12​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.11. The mean expectation of twenty one analysts for the quarter was for earnings of $1.11 per share.
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Cognizant first-quarter revenue beats estimates on steady spending by clients

Cognizant first-quarter revenue beats estimates on steady spending by clients May 1 (Reuters) - Cognizant Technology Solutions CTSH.O beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading. Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant.
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Cognizant Q1 Adjusted EPS USD 1.12 Vs. IBES Estimate USD 1.11

BRIEF-Cognizant Q1 Adjusted EPS USD 1.12 Vs. IBES Estimate USD 1.11 May 01 (Reuters) - Cognizant Q1 operating income USD 695 million. Q1 adjusted operating margin 15.1% Q1 operating margin 14.6% Q1 revenue USD 4,760 million vs. IBES estimate USD 4,718 million Q1 EPS USD 1.1 outlook Q2 revenue USD 4,750-4,820 million outlook FY adjusted EPS USD 4.5-
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