Cognizant Technology Solutions Corp
(NAS:CTSH)
$
76.04
-0.08 (-0.11%)
Market Cap: 37.69 Bil
Enterprise Value: 36.76 Bil
PE Ratio: 17.32
PB Ratio: 2.72
GF Score: 90/100 Cognizant Technology Solutions Corp at UBS Global TMT Conference Transcript
Dec 07, 2022 / 01:20PM GMT
Release Date Price:
$59.4
(-0.40%)
Rayna Kumar
UBS Investment Bank, Research Division - Analyst
Good morning, everyone. I'm Rayna Kumar, and I lead U.S. payment processors and IT services equity research at UBS. I am lucky today to be joined by Cognizant's CEO, Brian Humphries. Brian, thanks for joining us.
Brian Humphries
Cognizant Technology Solutions Corporation - CEO & Director
Good to be here.
Questions & Answers
Rayna Kumar
UBS Investment Bank, Research Division - Analyst
So let's start with your press release this morning. You just announced that you will be acquiring SAP alliance. Can you talk a little bit about the strategic reasoning behind that acquisition?
Brian Humphries
Cognizant Technology Solutions Corporation - CEO & Director
Yes. So just maybe from a capital allocation framework first, to put it in context, we generate approximately $2 billion of free cash flow per year. We've committed to return about $1 billion of that to shareholders in the form of dividends and
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot