Cognizant Starts Year on Good Note, Digital and U.S. Hiring a Focus; Shares Modestly Undervalued
Cognizant reported a good start to the fiscal year with revenue approaching the high end of management’s guidance and as the company called out a solid demand environment. The company’s full-year revenue outlook remains unchanged at $14.56 billion-$14.84 billion, although it raised its non-GAAP diluted EPS forecast by a penny and expects it to be at least $3.64. Once again, the shift to digital was a key point of address during management’s call and the company remains committed to accelerating ...Cognizant Technology Solutions is a services company, transforming customers' business, operating and technology models for the digital era. The company's services include digital services and solutions, consulting, application development, systems integration, application testing, application maintenance, infrastructure services and business process services. Additionally, the company develops, licenses, implements and supports proprietary and third-party software products and platforms. The company has organized its services and solutions into four practice areas: Digital Business, Digital Operations, Digital Systems and Technology and Consulting.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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