Our Thoughts: Cognizant reported better than expected quarterly results and
maintained guidance. The model showed some resilience this quarter which should
be positively viewed by the market given concerns over the lowering of the
guidance. We acknowledge that we are not out of the woods yet; however,
Cognizant is a name that performs well coming out of a downturn. It has an
excellent record of execution. Healthcare is a competitive advantage and should
serve as a catalyst over the long term. We maintain our BUY rating.
For more information, please contact:
Joseph D. Foresi
617-557-2972
About the Author: Ben Trowbridge is an accomplished Outsourcing Consultant with extensive experience in outsourcing and managed services. As a former EY Partner and CEO of Alsbridge, he built successful practices in Transformational Outsourcing, BPO, IT Outsourcing, and Cybersecurity Managed Services. Throughout his career, Ben has advised a broad range of clients on outsourcing and global business services strategy and transactions. As the current CEO of the Outsourcing Center, he provides valuable insights and guidance to buyers and managed services executives. Contact him at [email protected].