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The latest announcement is out from Cognizant ( (CTSH) ).
Cognizant reported strong financial results for the fourth quarter and full-year 2024, with a revenue increase of 6.8% in the fourth quarter and 2.0% for the full year. The company noted a boost in bookings and strategic investments, particularly in AI-led platforms, contributing to its diversified portfolio and enhancing its market strategy. The company returned $1.2 billion to shareholders through share repurchases and dividends, with a 3% increase in dividends for Q1 2025. For 2025, Cognizant projects a revenue growth of 3.5% to 6.0% and an adjusted operating margin expansion of 20 to 40 basis points. Key developments included collaborations with Siemens for software-defined vehicle solutions and launching Stores 360 to improve retail operations.
More about Cognizant
Cognizant is a leading professional services company specializing in consulting, information technology, and outsourcing services. It focuses on leveraging AI-led platforms and innovative solutions to enhance client productivity and enterprise operations.
YTD Price Performance: 9.33%
Average Trading Volume: 2,949,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $41.42B
Find detailed analytics on CTSH stock on TipRanks’ Stock Analysis page.
