cognizant tech solutions-a (CTSH) Key Developments
GoWireless Deploys Cognizant Technology Solutions Corporation's Cloud-Based Order Management Platform to Drive Revenue and Profitability, and Enhance Customer Satisfaction
Jun 11 13
Cognizant Technology Solutions Corporation announced the successful deployment of a web-based Order Management-as-a-Service (OMaaS) platform for GoWireless to help the company launch its online commerce capability and generate new levels of business performance. OMaaS is one of Cognizant's recently announced BusinessCloud(SM) solutions--a suite of ready-to-deploy, on-demand business and IT solutions. This Software-as-a-Service platform centrally hosts the software and associated data on the cloud. It enables communication service providers and resellers to meet the increasing demand of wireless buyers to shop online for an increasingly complex array of wireless products, services, and accessory offerings. As more customers choose to purchase wireless services through third-parties, Cognizant's multi-channel enabled platform helps GoWireless attract and retain customers by providing integrated best-in-class services across the web, the phone, and in person.
Network Rail Selects Cognizant Technology Solutions Corporation as Key Systems Integration Framework Partner to Deliver Value on Technology Investments
Jun 5 13
Cognizant Technology Solutions Corporation announced that it has been selected as a key IT Solutions and Systems Integration (SI) Framework partner to provide a wide range of SI services to Network Rail, the UK's leading rail infrastructure provider. Through the SI Framework, Cognizant will support Network Rail in implementing improvements in the way the company operates a number of its core information management functions and processes, including reliability of the infrastructure and performance. Through this partnership, Network Rail will exploit the right tools, technology and information to better align with wider external industry stakeholders in transforming the rail industry through a period of unprecedented growth in demand and investment in the nation's railway infrastructure. The scope of the partnership ranges from infrastructure to enterprise IT functions. Cognizant will be integral to the management of the entire supply chain, collaborating within Network Rail's internal organization to ensure knowledge sharing, smooth transition and innovation. In addition, Cognizant will be required to efficiently and effectively implement IT solutions as a lead supplier, priming, where appropriate, other market suppliers and solution providers. By selecting Cognizant to provide SI solutions, Network Rail's Information Management service will be able to focus on core activities--analyse business challenges and potential benefits, articulate roadmaps that mesh with business strategy, and facilitate the strengths of the supplier base in delivering new solutions, upgrades and enhancements.
Cognizant Technology Solutions Corporation Presents at Barclays Global Technology, Media and Telecommunications Conference, May-23-2013 12:10 PM
May 16 13
Cognizant Technology Solutions Corporation Presents at Barclays Global Technology, Media and Telecommunications Conference, May-23-2013 12:10 PM. Venue: Crowne Plaza Times Square, 1605 Broadway (at 49th Street), New York, New York, United States. Speakers: Karen McLoughlin, Chief Financial Officer and Principal Accounting Officer, Malcolm Frank, Executive Vice President of Strategy and Marketing.
Cognizant Technology Solutions Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Second Quarter and Full Year of 2013
May 8 13
Cognizant Technology Solutions Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $2,020,738,000 compared to $1,711,349,000 a year ago. Income from operations was $365,907,000 against $317,899,000 a year ago. Income before provision for income taxes was $377,183,000 compared to $322,277,000 a year ago. Net income was $284,209,000 or $0.93 per diluted share compared to $243,651,000 or $0.79 per diluted share a year ago. On non-GAAP basis, income from operations was $365,907,000 compared to $317,899,000 a year ago. On non-GAAP basis, diluted earnings per share were $1.02 compared to $0.88 a year ago. Operating activities generated approximately $73.5 million of cash. The company spent approximately $72.2 million for capital expenditures during the quarter.
The company provided earnings guidance for the second quarter and full year of 2013. For the second quarter, revenue anticipated to be at least $2.13 billion. Diluted EPS expected to be $0.97 on a GAAP basis and $1.06 on a non-GAAP basis. Tax rate is expected at approximately 25.5%.
For the full year 2013, revenue is expected to be at least $8.60 billion, up at least 17% compared to 2012. Diluted EPS expected to be at least $3.95 on a GAAP basis, and $4.31 on a non-GAAP basis. EPS guidance excludes any future non-operating foreign currency exchange gain or loss. The company continues to expect capital expenditures to total approximately $400 million. Tax rate is expected at approximately 25.3%.
Cognizant Technology Solutions Corporation Appoints Sridhar Thiruvengadam as Chief Operating Officer
May 8 13
On May 8, 2013, the Board of Directors of the Cognizant Technology Solutions Corporation appointed Sridhar Thiruvengadam, age 49, to the role of
Chief Operating Officer of the Company. Mr. Thiruvengadam was previously an Executive Vice President of the company leading the global delivery operations for several of the Company's industry verticals, and head of the company's Business Process Services (BPS).