From Nasdaq: 2024-04-10 10:44:00

Cognizant Technology Solutions expands into the retail industry, partnering with Shopify and Google Cloud to drive digital transformation. This collaboration aims to enhance customer experiences, global scalability, and commerce platform modernization by leveraging AI technology and expert guidance. On the flip side, Cognizant’s shares have declined due to challenges in the macroeconomic environment and weaknesses in the Financial Services segment.

Cognizant’s commitment to digital transformation is evident through partnerships with tech giants like McCormik & Company, LexisNexis, and NVIDIA. These collaborations focus on enhancing user experiences, productivity, cost savings, and advancing digital transformation journeys in various industries. Despite these positive developments, Cognizant faces challenges in its financial performance, with anticipated declines in revenues for the first quarter of 2024.

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Read more at Nasdaq: Cognizant (CTSH) Boosts Retail Sector With Latest Partnership