Cognizant Tech Sol shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

CTSH earnings call for the period ending March 31, 2020.

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Cognizant's (CTSH) first-quarter 2020 results reflect steady growth across products and resources, and communications, media and technology segments.

Wall Street was set to jump at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer jobs in April than feared due to the coronavirus crisis. Official figures showed nonfarm payrolls plummeted 20.5 million in April - their steepest plunge since the Great Depression - but the number was still better than the 22 million forecast by economists. Wall Street is now on course for its first weekly increase in three, with the Nasdaq recouping all its losses for 2020, as investors pinned their hopes on supply chains coming back on track and a revival in consumer spending after several U.S. states reopened economies.

Managing Director & Chief U.S. Economist at NatWest Markets Michelle Girard joins Yahoo Finance’s Seana Smith to break down the April jobs report.

Cognizant's (CTSH) Q1 results likely to reflect strength in digital engineering, cloud and IoT, partially muted by delays in project fulfillment and reduced client demand on the coronavirus outbreak.

Official figures showed nonfarm payrolls plummeted 20.5 million in April - their steepest plunge since the Great Depression - but the number was still better than the 22 million forecast by economists polled by Reuters. Wall Street's indexes are now on course for their first weekly increase in three, with the Nasdaq recouping all its losses for 2020, as investors pinned their hopes on supply chains coming back on track and a revival in consumer spending after several U.S. states reopened economies.

Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference:

Cognizant (CTSH) delivered earnings and revenue surprises of 4.35% and -0.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Top technology services firms are offering payment deferrals, discounts of up to 20% and other sweeteners to some U.S. banks to keep their business as the pandemic forces Wall Street to cut tech budgets, according to executives involved in the talks. Large Wall Street banks are widely expected to reduce overall budgets and discretionary tech spending, which includes areas such as technology consulting services, business analytics, research and design and process management projects.

After President Donald Trump rattled investors last week by threatening new tariffs against China, Beijing said on Friday both sides had agreed to improve the atmosphere for the implementation of a Phase 1 trade deal. Wall Street is now on course for its first weekly increase in three, with the Nasdaq recouping all its losses for 2020, even as the Labor Department's employment report due at 8:30 a.m. ET is likely to show the U.S. economy lost a staggering 22 million jobs in April. On Thursday, financial markets began pricing in a negative U.S. interest rate environment for the first time ever, expecting the Federal Reserve to pump even more cash into the system to rescue the economy from a deep global recession.

Cognizant (Nasdaq: CTSH) has been named a Leader by Gartner in its 2020 "Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide" report, based on its completeness of vision and ability to execute.

Wall Street's main indexes gained on Friday as staggering job losses in April due to the coronavirus outbreak were still slightly better than feared, adding to optimism from an easing in U.S.-China friction. Official figures showed nonfarm payrolls plummeted 20.5 million in April - their steepest plunge since the Great Depression. Wall Street's indexes are now on course for their first weekly gain in three weeks, with the Nasdaq recouping all its losses for 2020, as investors pinned their hopes on supply chains coming back on track and a revival in consumer spending as several U.S. states reopened economies.

These established, well-known technology leaders boast staying power in all markets, writes Michael Brush.

Cognizant (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process services, today announced a presentation at the following investor conference:

Director of Fiscal Policy at the American Action Forum Gordon Gray joins Yahoo Finance’s Seana Smith to break down the April jobs report and how some workers are making more on unemployment compared to their wages before the coronavirus pandemic.

Cognizant (Nasdaq: CTSH) today announced it has entered into an agreement to acquire Collaborative Solutions, a privately-held global consultancy specializing in Workday enterprise cloud applications for finance and human resources. The transaction is expected to close in the second quarter of 2020, subject to the satisfaction of certain closing conditions, including regulatory clearance. Financial details were not disclosed.

After an activist intervention, this IT company is currently popular among the GuruFocus gurus Continue reading...