CTSH News & Events

Cognizant is working with Travelport on a strategic AI transformation that will deploy Anthropic's Claude to modernize the way Travelport builds, tests and maintains software across its travel retailing and distribution platforms. The collaboration aims to accelerate the delivery of AI-led innovation to airlines, hoteliers, travel management companies and online travel agencies worldwide, while embedding AI features within Travelport's platform. This collaboration will address structural challenges through intelligent infrastructure designed to close the gap between AI-driven travel intent and a confirmed booking. Travelport's MCP-based architecture will allow conversational traveler requests to translate directly into confirmed bookings with live availability, converting that capability gap into a real commercial opportunity. The initial focus is Travelport Trip Services, the platform that handles bookings, exchanges, refunds and servicing, with the MCP-based interface layer above it. The work is being built on Travelport's cloud-native platform, with a major release imminent. The first customer-facing capabilities are expected to reach market this year. Anthropic is a nodal partner within Cognizant's global AI ecosystem, and this work extends the strategic partnership between Cognizant and Anthropic that was announced in November 2025.

Cognizant announced that it has entered into accelerated share repurchase agreements with Truist Bank and BNP Paribas to repurchase an aggregate of $500M of Cognizant's Class A common stock. The ASR announced is part of the Company's updated 2026 share repurchase plan announced on May 18.

With earnings season mostly in the rearview mirror outside of Nvidia'sQ1 results this week, the macro component has returned to dominate the market narrative, and the global "rate shock" is clearly weighing on sentiment.  US 10-year Treasury Note yield closed above 4.6% for the first time since early 2025 and the 30-year reached 5.15% - both up by over 50 basis points from late February just before the start of the Iran war - as markets continue to fret over stagflation backdrop, sending major indices in the red for much of the day.Similar to Friday, Monday's notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying.  Names like Cognizant, ServiceNow, and EPAM Systemswere among the leaders in the S&P 500. In turn, the AI infrastructure buildout "winners" like Micronand Sandiskwere among the 10 weakest stocks in the benchmark.In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran's nuclear ambitions.  S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Agilysysup 13.6%ALSO HIGHER -Penguin Solutionsup 3.5% after naming David Heard, President of Network Infrastructure at Nokia, to BoardNomad Foodsup 1.6% after insider buyDOWN AFTER EARNINGS -XP Inc.down 5.1%Bally's Corporationdown 2.5%Yalla Groupdown 2.5%ALSO LOWER -Compugendown 3.5% after equity offering

Cognizant has authorized a $2B increase to its existing share repurchase program, and that it has increased its share repurchase target for 2026 to $2B, an increase of $1B over its prior expectation. The additional $1B in share repurchases are expected to be completed during Q2. With this increase, as of May 17, there is approximately $3.45B remaining under the share repurchase authorization. In connection with this plan and given the anticipated closing of its acquisition of Astreya, the company will draw down $1B from its existing revolving credit facility.