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Stock Market & Financial Investment News

News Breaks
December 4, 2012
19:13 EDTCTSHCognizant up almost 5% after outlining executive bonus payouts
Cognizant (CTSH), which traded up almost 5% in today's after hours session, outlined in a regulatory filing both the restricted stock units and performance units due to certain of the company's executives. The filing indicated 0% of the performance units would be awarded if the company's FY13 revenue came in below $8.22B, and only 50% of the units would be awarded if FY13 revenues come in below $8.515B, with a 200% payout of the performance units coming at revenues of $9.175B. According to First Call, consensus estimates for FY13 revenues are currently $8.58B.
News For CTSH From The Last 14 Days
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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.
June 18, 2015
08:23 EDTCTSHDisney cancels plans to outsource tech jobs, L.A. Times reports
Disney (DIS) is canceling plans to replace employees in 30 technology positions with workers hired from Cognizant Technology Solutions (CTSH), an agency that outsources jobs to immigrants mostly from India on temporary work visas, the L.A. Times reports. Disney employees in New York, New York and Burbank, California were first made aware of the layoffs in late May, and recently some of the employees were asked to help train their own successors, sometimes in person but mostly via teleconference, the report says. Disney has not offered many details on the reasons for its decision to reverse layoff plans, the L.A. Times says. Reference Link

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