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Stock Market & Financial Investment News

News Breaks
February 5, 2014
06:05 EDTCTSHCognizant reports Q4 EPS ex-items $1.15, consensus $1.06
Reports Q4 revenue $2.36B, consensus $2.36B. Reports Q4 net headcount addition was approximately 5,000.
News For CTSH From The Last 14 Days
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September 15, 2014
11:44 EDTCTSHCognizant's TriZetto acquisition mentioned positively at Deutsche Bank
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08:42 EDTCTSHCognizant says TriZetto should not be dilutive to long-term revenue growth
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08:25 EDTCTSHCognizant says does not expect added large scale M&A in 'foreseeable future'
The company said it will continue to look at "tuck-in" acquisitions, but does not see another large M&A deal until this integration is completed and "well under our belt." Cognizant says will continue relying on share repurchase as vehicle for return of cash to shareholders. Cognizant says its capital allocation model remains intact following its acquisition of TriZetto.
08:21 EDTCTSHCognizant says TriZetto acquisition about revenue growth, not cost synergies
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06:23 EDTCTSHFunds advised by Apax Partners agree to sell stake in TriZetto to Cognizant
Funds advised by Apax Partners announced that they have agreed to sell their majority ownership stake in the TriZetto. TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions for $2.7B in cash, subject to customary adjustments. TriZetto develops, licenses and manages solutions for healthcare payers and providers, providing software and services to approximately 350 health plans helping to increase administrative efficiency, improve the cost and quality of care and succeed in the retail market. Additionally, the company provides revenue-cycle management software solutions to nearly 245,000 doctors and other healthcare providers.
06:18 EDTCTSHCognizant to host conference call
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06:06 EDTCTSHCognizant agrees to acquire TriZetto for $2.7B
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06:01 EDTCTSHCognizant to acquire Trizetto for $2.7B in cash, CNBC reports
Cognizant is going to acquire privately held Trizetto for $2.7B in cash, CNBC's Andrew Ross Sorkin reports, citing sources.

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