2024-04-11 14:19:55 ET
Summary
- Cognizant Technology Solutions Corporation is a global consulting company that provides a wide range of services to organizations seeking to modernize their operations.
- Demand has remained soft for discretionary projects as clients focus on cost-takeout initiatives following the pandemic period inflation shock.
- With falling bookings suggesting further revenue declines ahead, I remain on Hold for Cognizant Technology Solutions stock in the near term.
Investment Outlook
Cognizant Technology Solutions Corporation ( CTSH ) provides clients worldwide with a range of consulting and outsourcing capabilities.
I previously wrote about the prominent consulting firm in August 2023 with a Hold outlook on client spending delays and focus on cost-takeout engagements resulting in slower growth....
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Cognizant's Bookings Sag As Client Demand Remains Soft