Cognizant Technology Solutions

CORELOGIC, INC. FILES (8-K) Disclosing Entry into a Material Definitive ...

On August 17, 2011, CoreLogic, Inc. (the "Company") and Cognizant Technology Solutions U.S. Corporation ("Cognizant") entered into a Master Professional Services Agreement (the "MPSA"). The entry into the MPSA was in connection with the closing of the previously announced sale of CoreLogic Global Services Private Limited ("CoreLogic India") to an affiliate of Cognizant, as described in Item 7.01 below.Under the MPSA, Cognizant provide a range of business processes and IT services to the Company, including services provided by India CoreLogic to the Company before the sale of CoreLogic India. Cognizant is a provider's existing software development services for the Company. The MPSA has entered into force August 17, 2011. In parallel with the execution of the MPSA, the Company and Cognizant have entered into a supplement ("Supplement") with an initial term of seven years, which defines the service has to be provided by some of Cognizant in the MPSA. The Company has the unilateral right to extend the term of this Supplement for up to three one-year periods under the same terms and conditions as set forth in the MPSA. The Company and Cognizant may enter into additional supplements under the MPSA to provide for additional services. The MPSA will remain effective until the second anniversary of the first date on which no supplement is in effect. The Company may terminate all or part of the services provided under the MPSA for certain for-cause events, as specified in the MPSA, including a material breach by Cognizant.The Company may also terminate some or all of the services provided under the MPSA for convenience upon written notice of six months and subject to termination charges. Aware may terminate the MPSA for non-payment of the League of undisputed charges under the MPSA or bankruptcy of the Company. During the first five years of the MPSA, the Company is subject to a minimum commitment of total revenues of approximately $ 324 million plus adjustments for inflation applicable.The above description of the MPSA not intended to be complete and is qualified in its entirety by reference to the MPSA, a copy of the Company intends to file with its quarterly report on Form 10-Q for the quarter ended September 30, 2011, with portions omitted and filed separately with the Securities and Exchange Commission, pursuant to a request for confidential treatment.

Cognizant (CTSH) Hits New 52-Week Low at $54.88 – American Banking ...

Shares of Cognizant (CTSH) hit a new 52-week low on Thursday. The stock traded as low as $54.88 during mid-day trading and last traded at $55.11. The stock previously closed at $62.31.

Separately, analysts at Citigroup (NYSE: C) raised their EPS on shares of Cognizant in a research note to investors on Wednesday, August 3rd. They now have a “buy” rating and a $88.00 price target on the stock. Also, analysts at BMO Capital Markets initiated coverage on shares of Cognizant in a research note to investors on Wednesday, August 3rd. They set an “outperform” rating and a $86.00 price target on the stock.

Cognizant Technology Solutions Corporation is a provider of custom information technology (IT) consulting and technology services, and outsourcing services. The Company’s customers are primarily Global 2000 companies located in North America, Europe and Asia. The Company’s competencies include Technology Consulting, Complex Systems Development and Integration, Enterprise Software Package Implementation and Maintenance, Data Warehousing, Business Intelligence and Analytics, Application Testing, Application Maintenance, Infrastructure Management, and Business and Knowledge Process Outsourcing (BPO and KPO). The Company operates in four segments: Financial Services, Healthcare, Manufacturing, Retail and Logistics, and Other, which includes Communications, Information, Media and Entertainment and High Technology. In May 2010, the Company acquired The PIPC Group.

Cognizant has a 52 week low of $56.55 and a 52 week high of $83.48. The stock’s 50-day moving average is $70. and its 200-day moving average is $74.84. The company has a market cap of $16.798 billion and a price-to-earnings ratio of 23.43.

Cognizant last announced its quarterly results on Tuesday, August 2nd. The company reported $0.67 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.66 EPS by $0.01. The company’s quarterly revenue was up 34.4% on a year-over-year basis. On average, analysts predict that Cognizant will post $0.75 EPS next quarter.

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Cognizant Technology Solutions Corp, International Competitive Benchmarks and Financial Gap Analysis

Computerworld

Cognizant Technology Solutions Corporation is a subsidiary of IMS Health, the leading provider of information solutions to the pharmaceutical and healthcare ...

Computerworld

Cognizant Technology Solutions Corporation is a subsidiary of IMS Health, the leading provider of information solutions to the pharmaceutical and healthcare ...

Computerworld

500 Glenpointe Centre West Cognizant Teaneck, N] 07666 T86 nology Ti 201-801- 0233 F: 201-801-0243 Solutions www.cts-corp.com Cognizant Technology Solutions ...

Managing Change In Organizations

Cognizant Technology Solutions (CTS) At Cognizant, certain elements are essential ... Cognizant's change management programme follows an action plan which ...