cognizant tech solutions-a (CTSH) Key Developments
Cognizant Reaffirms Earnings Guidance for the Fiscal Year 2015
Jul 2 15
Cognizant reaffirmed earnings guidance for the fiscal year 2015. For the year, the company expects revenue to be at least $12.24 billion. Non-GAAP diluted EPS is expected to be at least $2.93.
Escorts Limited Partners with Cognizant to Digitally Transform its Businesses
Jun 24 15
Cognizant announced a strategic relationship with Escorts Limited to modernize Escorts' technology landscape and help achieve the company's vision of digitally transforming its businesses to deliver innovative products, provide superior customer experience, and drive growth. This multi-year, multi-million dollar engagement spans all of Escort's businesses, including agri-machinery, material handling and construction equipment, railway equipment and auto components. Cognizant will enable Escorts to improve control and collaboration across its value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers. This will help Escorts continuously improve product quality and offer a broad range of customized, configurable, and value-added products and services, strengthening existing customer relationships and building new ones. Cognizant will set up a transformation office to help Escorts embrace adaptive production lines and demand-based manufacturing practices, and develop new digital capabilities in areas such as mobility, analytics, cloud, telematics, and machine-to-machine communication. Complementing traditional channels with new digital ones, Escorts will be able to better align manufacturing and business strategies, and expand into newer geographies. By enabling connected worksites, remote product monitoring and diagnostics, and platform-based governance, Escorts will be able to harness and analyze real-time data from multiple sources for improved customer insight, decision-making, and productivity.
Cognizant Partners NTUC FairPrice to Digitally Transform its Business and Deliver Seamless Multi-Channel Shopping Experience
Jun 16 15
Cognizant announced that it has partnered NTUC FairPrice (FairPrice) to digitally transform its business and provide customers with a seamless multi-channel shopping experience. By bringing together its consulting, industry and technology expertise, Cognizant reengineered FairPrice's business processes, and implemented a digital e-commerce platform for the multi-format retailer to provide integrated, consistent and personalised customer service across multiple touch points, enhancing customer satisfaction, loyalty and brand perception. The digital transformation programme has also enabled FairPrice to improve real-time product and inventory visibility, make retail management more efficient, and gain a better understanding of customer preferences and purchase history. As a result of cross-channel integration, FairPrice has been able to roll out innovative services for shoppers, including its Click&Collect online delivery service the option to buy online and pick up the purchase from a store, a first in Singapore. With superior insights into customer and staff behaviour, FairPrice can further strengthen its supply chain, site and store operations, marketing, and merchandising to drive growth and differentiation. Cognizant is also creating a mobile channel for FairPrice to engage better with its existing customers and attract new ones.
Lumenis Deploys Cognizant Technology's MedVantage System
Jun 3 15
Cognizant Technology Solutions announced that Lumenis has deployed its MedVantage cloud-based integrated complaint handling solution. CTSH's MedVantage product will be used for online tracking, classification and maintenance of device and other issues.
Cognizant Technology Mulls Acquisitions
May 29 15
Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) is seeking acquisitions. Karen McLoughlin, Chief Financial Officer, said, "We would like to do more M&A - people should expect us to do more tuck-in and niche acquisitions."