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Cognizant is a leading professional services company that focuses on engineering modern businesses and delivering strategic outcomes for clients. The company offers a wide range of services, including digital services and solutions, consulting, application development, systems integration, quality engineering and assurance, application maintenance, infrastructure and security, as well as business process services and automation . Cognizant's business is organized into four main segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology .
- Health Sciences - Provides innovative solutions and services to enhance healthcare delivery and improve patient outcomes, focusing on digital transformation and data-driven insights.
- Financial Services - Delivers comprehensive services to banking, insurance, and capital markets clients, emphasizing digital transformation and operational efficiency.
- Products and Resources - Offers strategic solutions to manufacturing, logistics, energy, and retail sectors, aiming to optimize operations and drive growth through technology.
- Communications, Media and Technology - Supports clients in the media, entertainment, and technology industries with services that enhance digital engagement and streamline operations.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ravi Kumar S ExecutiveBoard | Chief Executive Officer (CEO) | Board Member at TransUnion, U.S. Chamber of Commerce, and Digimarc Corporation | Appointed CEO in January 2023, previously at Infosys for 20 years, leading digital transformation and consulting services. | View Report → |
Ganesh Ayyar Executive | Executive Vice President and President, Intuitive Operations and Automation and Industry Solutions | None | Joined CTSH in August 2019, previously CEO of Mphasis and held leadership roles at Hewlett-Packard. | |
Jatin Dalal Executive | Chief Financial Officer (CFO) | None | Joined CTSH as CFO in December 2023, previously CFO at Wipro Limited. | |
John Kim Executive | Executive Vice President, Chief Legal Officer, Chief Administrative Officer, and Corporate Secretary | None | Joined CTSH in November 2019, overseeing legal, compliance, and corporate functions. | |
Kathy Diaz Executive | Executive Vice President and Chief People Officer | None | Joined CTSH in July 2020, previously held HR leadership roles at Pearson and Merck & Co., Inc. | |
Robert Telesmanic Executive | Senior Vice President, Controller, and Chief Accounting Officer | None | Serving as SVP, Controller, and CAO since January 2017, with prior experience at Deloitte & Touche LLP. | |
Surya Gummadi Executive | Executive Vice President and President, Americas | None | EVP and President, Americas since January 2023, with a long tenure at CTSH in various leadership roles. | |
Archana Deskus Board | Director | Board Member at East West Bancorp, Inc., Director at DataStax | Independent director since 2020, former CTO and CIO at PayPal, Intel, and Hewlett Packard. | |
Bram Schot Board | Director | Board Member at Shell plc, Signify NV, Senior Advisor at ADS-Tec Holding, The Carlyle Group, TomTom N.V. | Joined CTSH Board in April 2023, former CEO of Audi Group. | |
Eric Branderiz Board | Director | Board Member at Fortive Corporation, Director at Envision AESC | Joined CTSH Board in February 2023, former CFO at Enphase Energy and CAO at Tesla. | |
John M. Dineen Board | Director | Board Member at Lam Research Corporation | Independent director since 2017, former CEO of GE Healthcare. | |
Joseph M. Velli Board | Director | Board Member at AssetMark Financial Holdings, Inc., Computershare Limited, Paychex, Inc. | Independent director since 2017, former CEO of ConvergEx Group and executive at The Bank of New York. | |
Karima Silvent Board | Director | Board Member at AXA Investment Managers, Chair of the Board of Directors at EPIDE | Joined CTSH Board in July 2024, former Group Chief HR Officer at AXA. | |
Leo S. Mackay, Jr. Board | Director | Director at Ameren Corporation, Investment Committee Member at Lockheed Martin Ventures | Independent director since 2012, Senior VP at Lockheed Martin. | |
Michael Patsalos-Fox Board | Director | Chairman of the Board at MIO Partners, Inc. | Director since 2012, former Chair of Cognizant's Board, and former CEO of Stroz Friedberg. | |
Sandra S. Wijnberg Board | Director | Board Member at Hippo Holdings, Inc., T. Rowe Price Group, Inc., Automatic Data Processing, Inc. | Independent director since 2019, former CFO of Marsh & McLennan Companies. | |
Stephen J. Rohleder Board | Chair of the Board of Directors | Principal Owner at SGR Equity Investments, Strategic Advisor at KungFu.AI | Joined CTSH Board in March 2022, former COO at Accenture. | |
Vinita Bali Board | Director | Director at Bajaj Auto Ltd., SATS Ltd., Syngene International Ltd. | Independent director since 2020, former CEO of Britannia Industries and executive at The Coca-Cola Company. | |
Zein Abdalla Board | Director | Board Member at Mastercard Foundation, Kuwait Food Company, Imperial College Business School Advisory Board, Mars, Incorporated | Independent director since 2015, former President of PepsiCo. |
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With the acquisition of Belcan expected to expand your ER&D capabilities and diversify into the high-growth aerospace and defense sectors, how do you plan to integrate this new business, and what challenges do you foresee in achieving synergy with your existing operations? ,
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Given that Financial Services and Healthcare together account for 60% of your business, how are you addressing the risk of over-reliance on these two sectors, and what strategies are in place to diversify your revenue streams?
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You mentioned that clients' discretionary spending behavior remains unchanged from recent quarters and the demand environment remains challenging; how do you plan to drive growth in this environment, and what specific actions are you taking to stimulate demand?
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Despite strong bookings, the conversion of these bookings into revenue appears to be taking longer due to extended contract durations; how is this affecting your revenue growth expectations, and what measures are you implementing to improve the revenue conversion timing? ,
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With the implementation of your NextGen program and overall cost discipline, adjusted operating margin increased to 15.2%. Do you see further opportunities for margin expansion, and what potential headwinds could impact your operating margins in the coming quarters? ,
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company operates in highly competitive markets and identifies this entity as a direct competitor in providing systems integration, consulting, and digital services. | |
This entity is listed as a direct competitor in the markets for systems integration and digital services. | |
Capgemini | The company considers this entity a direct competitor in delivering consulting and digital transformation services. |
Deloitte Digital | This entity is identified as a direct competitor in the consulting and digital services space. |
The company competes with this entity in providing IT services and digital transformation solutions. | |
This entity is recognized as a direct competitor in digital engineering and software development services. | |
The company lists this entity as a competitor in business process management and IT services. | |
HCL Technologies | This entity is identified as a direct competitor in IT services, including application development and infrastructure management. |
IBM Consulting | The company competes with this entity in consulting and IT services, particularly in digital transformation. |
This entity is listed as a direct competitor in IT services, including consulting and outsourcing. | |
Tata Consultancy Services | The company identifies this entity as a direct competitor in IT services and digital transformation solutions. |
This entity is recognized as a direct competitor in IT services, consulting, and business process outsourcing. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Belcan | 2024 | Acquired for approximately $1.3 billion (cash and stock), this deal expands Cognizant’s access to the $190 billion ER&D market, enhances its IoT and digital engineering capabilities, and targets aerospace/defense sectors with expected revenue synergies of over $100 million annually. |
Thirdera | 2024 | Acquired at a preliminary purchase price of $429 million, this acquisition of 100% ownership bolsters Cognizant’s ServiceNow advisory, implementation, and optimization solutions, with detailed price allocation including significant goodwill arising from workforce synergies. |
Mobica | 2023 | Acquired for approximately $325 million, this deal was strategically aimed at expanding Cognizant’s IoT embedded software engineering and enhancing its near-shoring capabilities in Eastern Europe, with key assets including cash and customer relationship assets. |
OneSource Virtual | 2023 | Acquired for $103 million, this acquisition was intended to complement Cognizant’s finance and HR advisory services related to Workday, featuring a structured purchase price allocation (including escrowed cash and goodwill) that supports its broader consulting capabilities. |
Recent press releases and 8-K filings for CTSH.
- Strategic partnership announced between Cognizant and OMRON to integrate IT and OT, enabling a one-stop digital transformation solution for manufacturing sites.
- Cognizant's role as the engineering partner for OMRON's Industrial Automation Business products leverages its IT strengths with OMRON's advanced automation technology.
- Focus on sustainable manufacturing by enhancing productivity, workforce efficiency, and reducing greenhouse gas emissions through data-driven innovations.
- Strategic transformation and AI focus: Cognizant is aggressively investing in AI-driven platforms and embedded engineering to drive hyper-productivity and achieve a top-tier “Winner’s Circle” positioning by 2027, aiming for margin expansion and enhanced market share.
- Enhanced capital allocation: The company’s Board has approved a $500 million increase in share repurchase authorization (in addition to an existing plan of $600 million), underscoring management’s commitment to disciplined capital allocation and shareholder value creation.
- Market and operational excellence: Cognizant is refocusing its service offerings across healthcare, financial services, and technology segments while strengthening its partner ecosystem globally to win large deals and drive operational efficiency.
- Cognizant outlined its strategic focus on leveraging AI-driven initiatives, including significant investments in the Neuro® AI platform and multi-agent systems, to capture multi-trillion-dollar market opportunities in embedded engineering and cloud/data services.
- The company detailed its roadmap to achieve top-tier revenue growth and margin expansion by targeting large deals, enhancing partner ecosystems, and investing in digital transformation capabilities.
- Emphasis was placed on strategic acquisitions and joint go-to-market initiatives, which have already contributed to improved deal wins, commercial momentum, and a reinforced competitive position.
- Cognizant is hosting an Investor Day to detail its long-term growth strategy and progress in AI-driven technology transformation.
- The Board approved a $2 billion increase to the share repurchase authorization, with an expected $1.1 billion repurchase for 2025 — an increase of $500 million from previous guidance.
- The event will also highlight how strategic investments in technology, talent, and operational modernization position the company to capture growth in the expanding IT services market.
- Investor Day announcement: Cognizant will host an Investor Day to detail its long-term growth strategy, focusing on AI-driven technology transformation and expanding capabilities in high-growth adjacencies.
- Enhanced share repurchase program: The Board approved a $2 billion increase to the share repurchase authorization, raising the 2025 buyback expectations by $500 million to a total of $1.1 billion.