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Cognizant Technology Solutions Corp

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  • 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.

  • 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.

  • UPDATE 2-Cognizant warns of slowest-ever revenue growth Wednesday, 6 Aug 2014 | 9:45 AM ET

    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.

  • UPDATE 1-Cognizant warns of slower growth; shares fall Wednesday, 6 Aug 2014 | 7:10 AM ET

    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.

  • Cognizant quarterly revenue rises 16.5 pct Wednesday, 6 Aug 2014 | 6:11 AM ET

    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.

  • MUMBAI, May 29- India's second largest IT services exporter Infosys Ltd is under pressure to bring in a new chief executive soon to check an exodus of junior staff and reassure investors after a slew of departures at the top.

  • Leaving the dream: Infosys battles worker exodus Saturday, 10 May 2014 | 10:00 PM ET

    MUMBAI, May 11- Infosys Ltd, once a bellwether for India's $100 billion- plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore- based company struggles to regain ground lost to rivals.

  • *Sees 2nd- qtr revenue $2.50 bln- $2.53 bln vs est. May 7- Technology outsourcing company Cognizant Technology Solutions Corp said growth in its North America healthcare business would remain slow this quarter due to lower spending by customers adjusting to U.S. healthcare reforms.

  • Momentum stocks get whacked again Wednesday, 7 May 2014 | 11:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks fluctuated on Wednesday, but the Nasdaq Composite remained in negative terrain, as investors cycled out of so-called momentum stocks.

  • *Forecasts 2nd- quarter revenue $2.50 bln- $2.53 bln vs est. May 7- Technology outsourcing company Cognizant Technology Solutions Corp said growth in its North America healthcare business would remain slow this quarter due to lower spending by customers as they adjust to changes brought on by Obamacare.

  • May 7- Technology outsourcing company Cognizant Technology Solutions Corp reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending. Europe contributed $470.1 million, or 19.4 percent, to total revenue in the quarter ended March 31.

  • Cognizant's quarterly revenue rises 20 pct Wednesday, 7 May 2014 | 6:12 AM ET

    May 7- Technology services provider Cognizant Technology Solutions Corp posted a 20 percent rise in quarterly revenue as its customers in North America and Europe raised their IT spending. The company's net income rose to $348.9 million, or 57 cents per share, in the first quarter ended March 31 from $284.2 million, or 47 cents per share, a year earlier.

  • Hedge funds get clobbered by 'diabolical' market Thursday, 17 Apr 2014 | 12:47 PM ET
    Trader on the floor of the New York Stock Exchange.

    Hedge funds continued to be burned in April by volatility in tech and other stocks following losses in March.

  • April 10- IT services company iGate Corp said revenue would grow faster in the second half of the year, after it reported better-than-expected quarterly results due to customer additions and higher revenue from Europe and financial industry clients.

  • April 10- IT services provider iGate Corp reported better-than-expected quarterly results as it added more customers, and revenue rose in Europe and from its financial industry clients. IGate shares rose 3 percent in premarket trade on Thursday. IGate expects adjusted EBITDA margins to be modestly lower in the second quarter due to a planned wage increase.

  • Midday movers: Tesla Motors, Blackberry, 2U & More Friday, 28 Mar 2014 | 12:10 PM ET

    Some of Friday's midday movers:

  • Lightning Round: Boeing, Dollar General & More Tuesday, 25 Mar 2014 | 6:37 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cognizant CEO: Tech in a 10-year cycle     Thursday, 6 Feb 2014 | 6:52 AM ET

    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.