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Nov 5- IT services provider Cognizant Technology Solutions Corp forecast current-quarter revenue and profit above analysts' estimates due to a rise in spending by financial services and healthcare customers. North America accounts for about three-quarters of the company's total revenue, while Europe makes up for about 18 percent. The company said in...
Nov 5- IT services provider Cognizant Technology Solutions Corp reported a 12 percent rise in quarterly revenue due to higher spending by customers in North America and Europe. The company's net income rose to $355.6 million, or 58 cents per share, in the third quarter ended Sept. 30 from $319.6 million, or 53 cents per share, a year earlier. Revenue rose to $2.58...
Sept 15- Cognizant Technology Solutions Corp struck its biggest deal on Monday, acquiring healthcare IT services provider TriZetto Corp for $2.7 billion to beef up its slowing healthcare business. Shares of the company, which is buying TriZetto from London- based private equity firm Apax Partners LLP, rose nearly 3 percent in premarket trading.
Some of the names on the move ahead of the open.
Sept 15- Cognizant Technology Solutions Corp said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. Private equity firm Apax Partners LLP was exploring a sale of TriZetto, sources told Reuters in August.
Sept 15- Cognizant Technology Solutions Corp said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash. Cognizant said the deal would immediately add to adjusted profit. Cognizant said it would fund the deal through a combination of cash and debt and had secured $1 billion in financing.
NEW YORK, Aug 19- Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
Some of Wednesday's midday movers:
Aug 6- IT services provider Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20- year history, citing delays in booking revenue from some large deals.
Aug 6- IT services provider Cognizant Technology Solutions Corp said it expects full-year sales to grow at a slower pace than previously forecast, citing weakness at some clients and delays in booking revenue from some large deals.
Aug 5- IT services provider Cognizant Technology Solutions Corp reported a 16.5 percent rise in quarterly revenue, helped by higher IT spending in North America and Europe. The company's net income in the second quarter ended June 30 rose to $371.9 million, or 61 cents per share, from $300.4 million, or 49 cents per share, a year ago.
UBS Managing Director Steve Milunovich shares his top tech plays for the second half of the year.
U.S. stocks fluctuated on Wednesday, but the Nasdaq Composite remained in negative terrain, as investors cycled out of so-called momentum stocks.
Hedge funds continued to be burned in April by volatility in tech and other stocks following losses in March.
Some of Friday's midday movers:
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Francisco D'Souza, CEO of Cognizant Technology Solutions, breaks down his company's earnings, and weighs in on the shift in the landscape of technology.
Some of Wednesday's midday movers:
We got an earnings report from IBM, and the picture they paint isn't pretty. The technology bellwether had a rough quarter.
Gordon Coburn, Cognizant Technology Solutions president, discusses his company's plan to expand hiring and move its corporate headquarter from New Jersey to the Lone Star State.