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Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:50 EDTCTSHCognizant awards restricted stock units to senior management
On December 3, the Compensation Committee of the Board of Directors of Cognizant Technology Solutions, after thorough evaluation, granted the following awards of restricted stock units to certain executive officers of the company. Francisco D’Souza, CEO: 50,138; Gordon J. Coburn, President: 26,793; Rajeev Mehta, Group Chief Executive – Industries and Markets: 23,188; Ramakrishnan Chandrasekaran, Group Chief Executive – Technology and Operations: 17,220; Karen McLoughlin, CFO: 10,010; Steven Schwartz, Senior Vice President, General Counsel and Secretary: 5,049. The Stock Units vest in quarterly installments over three years so that the Stock Units shall be fully vested on the twelfth quarterly vesting date, which quarterly vesting date will occur on December 3, 2015; provided that the grantee remains in the Company’s service through each applicable vesting date. The Compensation Committee approved the grant and issuance of the Stock Units pursuant to the terms and conditions of the company’s 2009 Incentive Compensation Plan.
News For CTSH From The Last 14 Days
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July 2, 2015
12:00 EDTCTSHCognizant ability to offset Health Net loss a positive, says Wells Fargo
Wells Fargo notes that despite the loss of $100M in revenue in the second half of 2015 from the Health Net (HNT) master services agreement being put on hold during the Centene (CNC) merger review process, Cognizant (CTSH) reaffirmed its outlook today for 2015. Wells views the company's ability to offset the contract loss as a positive and says it remains comfortable with an Outperform rating on the stock.
09:36 EDTCTSHCognizant backs FY15 EPS view of at least $2.93, consensus $2.97
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09:33 EDTCTSHCognizant reaffirms 2015 view after Health Net agrees to be bought by Centene
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June 24, 2015
05:35 EDTCTSHCognizant announces strategic relationship with Escorts Limited
Cognizant announced a strategic relationship with Escorts Limited, one of India's engineering conglomerates, 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.
June 22, 2015
09:01 EDTCTSHCognizant management to meet with JPMorgan
Meetings to be held in Berwyn/Princeton/Trenton on June 25 hosted by JPMorgan.

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