DOCSLIB.ORG

Sectorwatch: IT Consulting February 2020 IT Consulting February 2020 Sector Dashboard [4]

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sectorwatch: IT Consulting February 2020 IT Consulting February 2020 Sector Dashboard [4] Sectorwatch: IT Consulting February 2020 IT Consulting February 2020 Sector Dashboard [4] Public Basket Performance [5] Operational Metrics [7] Valuation Comparison [10] Recent Deals [13] Appendix [15] 7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only in conjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document. All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor 7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treated as confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error. 2 Overview 7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow through acquisitions, and evaluate new markets. We publish our sectorwatch, a review of M&A and operational trends in the industries we focus. Dashboard Valuation Comparison • Summary metrics on the sector • Graphical, detailed comparison of valuation • Commentary on market momentum by multiples for the public basket comparing the most recent 12-month performance against the last 3-year averages. Public Basket Performance Recent Deals • Summary valuation and operating metrics for • The most recently announced deals in the a basket of comparable public companies sector 3 Dashboard Operating Metrics Revenue Growth 1 - year revenue growth compared to revenue growth Median LTM GP Margin % 31.5% -0.3% average for last 3 years Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening or declining Median LTM EBITDA Margin % 15.7% Pricing / Gross Margin Median LTM Rev. Growth % 8.3% 1 - year gross profit % compared to gross profit % -1.3% average for last 3 years 0% 10% 20% 30% 40% Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power Valuation Profitability Momentum Median Price / LTM Earnings 23.3x 1 - year EBITDA % compared to EBITDA % average for 0.4% last 3 years Median TEV / LTM EBIT 18.3x Current EBITDA margin exceeds the average of the last 3 years EBITDA margin by this amount, a condition that may attract new entrants Median TEV / LTM EBITDA 15.7x Median TEV / LTM Revenue 2.7x 0x 10x 20x 30x 4 Public Basket Rev TEV / LTM Rev Growth EBITDA TEV / EBITDA Rev / Company TEV $m $m YoY GP % % Rev X X # FTEs FTE $k Perficient, Inc. 1,724 566 13% 37% 14% 3.1 21.6 3,454 164 Reply S.p.A. 2,788 1,283 17% 15% 13% 2.3 16.5 7,606 169 EPAM Systems, Inc. 11,755 2,294 24% 35% 15% 5.1 27.9 36,700 63 CGI Inc. 22,042 9,408 5% 31% 17% 2.4 13.5 77,500 121 Capgemini SE 22,976 15,851 7% 12% 13% 1.5 11.7 219,300 72 NTT DATA Corporation 23,592 20,749 6% 25% 15% 1.2 7.7 123,884 167 Cognizant Technology Solutions Corporation 35,276 16,783 4% 37% 20% 2.1 10.0 292,500 57 Infosys Limited 44,615 12,642 10% 32% 24% 3.6 14.9 228,123 55 Tata Consultancy Services Limited 106,036 21,780 10% 44% 26% 4.9 18.5 424,285 51 Accenture plc 127,770 43,968 5% 31% 16% 2.9 18.1 492,000 89 Average 39,857 14,532 10% 30% 17% 2.9 16.0 190,535 101 Median 23,284 14,247 8% 32% 16% 2.7 15.7 171,592 81 share price as of 24Feb20 5 Public Basket Valuation Trends Public Basket Valuation 10x 12x 14x 16x 18x 0x 2x 4x 6x 8x May-15 Aug-15 TEV/EBITDA- Average TEV/EBITDA- Median Nov-15 Feb-16 May-16 Aug-16 Nov-16 Feb-17 13.3x May-17 2.2x Aug-17 Nov-17 TEV/Revenue - Average TEV/Revenue - Median Feb-18 May-18 Aug-18 Nov-18 Feb-19 May-19 Aug-19 Nov-19 Feb-20 Public Public Time over Multiples EBITDA Public 0x 1x 2x 3x 10x 15x 20x 0x 5x May-15 May-15 Aug-15 TEV/Revenue - Median Aug-15 Nov-15 TEV/EBITDA- Median Revenue Multiples Multiples Revenue Nov-15 Feb-16 Feb-16 May-16 May-16 Aug-16 Aug-16 Nov-16 Nov-16 Feb-17 Feb-17 May-17 May-17 Aug-17 Aug-17 Nov-17 Nov-17 TEV/Revenue - Average Feb-18 TEV/EBITDA- Average Feb-18 May-18 May-18 Aug-18 Aug-18 Nov-18 Time over Nov-18 Feb-19 Feb-19 May-19 May-19 Aug-19 Aug-19 Nov-19 Nov-19 Feb-20 Feb-20 6 Operational Metrics LTM Gross Profit Margin % LTM EBITDA % Tata Consultancy Services Tata Consultancy Services Limited Limited Perficient, Inc. Infosys Limited Cognizant Technology Cognizant Technology Solutions Corporation Solutions Corporation EPAM Systems, Inc. CGI Inc. Infosys Limited Accenture plc Accenture plc EPAM Systems, Inc. CGI Inc. NTT DATA Corporation NTT DATA Corporation Perficient, Inc. Reply S.p.A. Capgemini SE Capgemini SE Reply S.p.A. Median Median - 20% 40% 60% - 10% 20% 30% 7 Operational Metrics LTM Revenue per LTM Revenue Growth % Full Time Employee x 000’s EPAM Systems, Inc. Perficient, Inc. Reply S.p.A. Reply S.p.A. Perficient, Inc. NTT DATA Corporation Tata Consultancy Services CGI Inc. Limited Infosys Limited Accenture plc Capgemini SE Capgemini SE NTT DATA Corporation EPAM Systems, Inc. Cognizant Technology Accenture plc Solutions Corporation CGI Inc. Infosys Limited Cognizant Technology Tata Consultancy Services Solutions Corporation Limited Median Median - 10% 20% 30% $- $50 $100 $150 $200 8 Operational Metrics Average Days Accounts Receivable Turnover Sales Outstanding Accenture plc Infosys Limited EPAM Systems, Inc. Reply S.p.A. NTT DATA Tata Consultancy Corporation Services Limited CGI Inc. Perficient, Inc. Cognizant Cognizant Technology Technology Solutions… Solutions… Perficient, Inc. CGI Inc. Tata Consultancy NTT DATA Services Limited Corporation Reply S.p.A. EPAM Systems, Inc. Infosys Limited Accenture plc Median Median 0x 2x 4x 6x 0 20 40 60 80 100 9 Valuation TEV / LTM Revenue TEV / LTM EBITDA EPAM Systems, Inc. EPAM Systems, Inc. Tata Consultancy Perficient, Inc. Services Limited Tata Consultancy Infosys Limited Services Limited Perficient, Inc. Accenture plc Accenture plc Reply S.p.A. CGI Inc. Infosys Limited Reply S.p.A. CGI Inc. Cognizant Capgemini SE Technology… Cognizant Capgemini SE Technology… NTT DATA NTT DATA Corporation Corporation Median Median 0x 1x 2x 3x 4x 5x 6x 0x 10x 20x 30x 10 Valuation TEV / LTM EBIT Price / LTM Earnings EPAM Systems, Inc. EPAM Systems, Inc. Perficient, Inc. Perficient, Inc. Reply S.p.A. Accenture plc Tata Consultancy Reply S.p.A. Services Limited Tata Consultancy Accenture plc Services Limited NTT DATA Capgemini SE Corporation NTT DATA CGI Inc. Corporation Infosys Limited CGI Inc. Capgemini SE Infosys Limited Cognizant Cognizant Technology… Technology… Median Median 0x 20x 40x 60x 0x 20x 40x 60x 11 Valuation Historical Valuation Multiples Historical Valuation Multiples versus Gross Profit versus Revenue Growth Rate 30x 30% 30x 50% 44.4% 45% 24.5% 25x 25x 25% 40% 36.6% 35% 32.0% 31.1% 37.4% 20x 20% 20x 30.7% 35.1% 17.4% 30% 15x 25% 15x 15% 25.4% 20% 10x 10x 13.5% 10% 15% 7.0% 10.3% 14.7% 5.8% 9.5% 12.3% 10% 5x 5x 5% LTM GP% LTM EBITDA(x) EBITDA(x) 5.4% 4.7% RGR% LTM 5% 4.1% 8x 10x 12x 13x 15x 17x 18x 19x 22x 28x 8x 10x 12x 13x 15x 17x 18x 19x 22x 28x 0x 0% 0x 0% EBITDA(x) LTM GP% EBITDA(x) LTM RGR% 12 Recent Transactions Total Transaction Target TEV / TEV / Date Target Buyer / Investor Value Revenue Revenue EBITDA 25Feb20 Segue Technologies Inc. Tetra Tech, Inc. - - - - 17Feb20 Modern Computer Systems MSP Solution Tech - - - - 5Feb20 ZoftNow Inc. Prodigy Ventures Inc. 0.54 - - - 28Jan20 Performance Improvement Partners, LLC Erie Street Capital - - - - 24Jan20 Blackstone Federal ECS Federal, LLC 85.00 44.00 1.9x - 19Jan20 Pactera Technology International Ltd. China Electronics Corporation - - - - 8Jan20 Sistemas Informáticos Abiertos, S.A. Indra Sistemas, S.A. - - - - 7Jan20 BZW Consulting Group, Inc. The Pinnacle Group - - - - 6Jan20 NEF, Inc. CBRE Group, Inc. - - - - 6Jan20 All the Assets Of MedTouch LLC Perficient, Inc. - 13.00 - - 12Dec19 Source Support Services, Inc. Capitala Group - - - - 14Nov19 Codalis SA Bechtle AG - 10.13 - - 31Oct19 Yotabites Consulting LLC ProKarma Inc. - - - - 8Nov19 Virtual Clarity Limited DXC Technology Company - - - - 5Nov19 Naya Pai Technologies Ltd EPAM Systems, Inc. - - - - 31Oct19 Backbone Enterprises, Inc. CynergisTek, Inc. 11.00 - - - 30Oct19 Statêra, Inc Navint Partners, LLC - - - - 6Sep19 iC-1 Solutions, LLC Swift Group Holdings, LLC 25.50 - - - 24Oct19 DYNARDO (Dynamic Software and Engineering) GmbH ANSYS, Inc. 33.29 - - - 23Oct19 Global IT SOS SmartSource, Inc. - - - - 21Oct19 pernexas GmbH Alfresco Software, Inc. - - - - 14Oct19 PeopleWare ICT Solutions B.V. Proact IT Group AB (publ) 18.73 30.86 0.6x - 24Sep19 Locus Telecommunication Inc., Ltd. NTT DATA Asia Pacific Pte. Ltd. - - - - 10Sep19 Pragsis Technologies S.L. Accenture plc - - - - 26Aug19 Beijing Transtrue Technology Inc. Suzhou Longyue Holdings Co., Ltd. 62.54 117.23 1.3x 26.5x 28Aug19 BASS Systems S.R.L.
Load more

Recommended publications
  • Cognizant—2019 Proxy Statement & Annual Meeting Notice
    2019Proxy Statement & Notice of Annual Meeting Proxy Guide 1 Chairman’s Letter 4 Notice of 2019 Annual Meeting 5 Corporate Governance 5 Governance Highlights 20 Committees of the Board 6 Board Overview 22 Human Capital Management and Talent Development 8 Proposal 1 Election of Directors 23 Commitment to Corporate Sustainability 8 Director Nominees 25 Director Compensation 14 Building an Experienced, Qualified and Diverse Board 26 Certain Relationships and Related Person Transactions 18 Director Selection and Voting Process 27 Stock Ownership and Reporting Corporate Governance Corporate 19 Risk Oversight 28 Compensation 35 Primary Compensation Elements 38 Compensation by Individual 28 Company Performance Snapshot 47 Other Elements of Compensation 29 Proposal 2 Advisory Vote on Executive Compensation 48 Company Policies Impacting Compensation (Say-on-Pay) 49 Compensation Committee Report 29 Compensation Discussion and Analysis 50 Executive Compensation Tables and Pay Ratio 30 Compensation Program Objectives Compensation 55 Potential Payments Upon Termination or 31 Compensation Structure Overview Change in Control 33 Compensation Setting Process 58 Audit Matters 58 Proposal 3 Ratification of Appointment of Independent Registered Public Accounting Firm 59 Auditor Fees 59 Audit Committee Report Audit Matters WHY ARE WE SENDING YOU THESE MATERIALS? On behalf of our board of directors, we are 60 Shareholder Proposals making these materials available to you 60 Proposal 4 Shareholder Proposal Regarding (beginning on April 18, 2019) in connection Political Disclosure with Cognizant’s solicitation of proxies for our 62 Proposal 5 Shareholder Proposal Regarding 2019 annual meeting of shareholders. Independent Board Chairman 64 Shareholder Proposals and Nominees for the WHAT DO WE NEED FROM YOU? 2020 Annual Meeting Please read these materials and submit Shareholder Proposals your vote and proxy using the Internet, by telephone or, if you received your materials by 65 Additional Information mail, you can also complete and return your proxy by mail.
    [Show full text]
  • Stock Market Reaction to Election Results: an Event Study Analysis
    Facultat d’Economia i Empresa Memòria del Treball de Fi de Grau Stock Market reaction to Election Results: an Event Study Analysis Liliana Rebeca Dutra Duffy Grau de Administració d’Empreses Any acadèmic 2019-20 DNI de l’alumne: 41624155C Treball tutelat per Pau Balart Castro Departament d’Economia de l’empresa S'autoritza la Universitat a incloure aquest treball en el Repositori Autor Tutor Institucional per a la seva consulta en accés obert i difusió en línia, Sí No Sí No amb finalitats exclusivament acadèmiques i d'investigació Paraules clau del treball: Event study, shares, dummy variables, survey, regressions, abnormal returns... ABSTRACT The aim of this paper is to find the possible effect that estimation vote surveys have over the share prices of public companies listed in the Spanish stock market. To test this effect, we used the event study methodology. For the event study, daily data from 6 firms listed on the IBEX35 index are analyzed over the period of 1st January 2000 to 31st December 2015. Alongside the event study, another analysis has been conducted to test the economic literature that finds a positive relation between right-wing parties and the stock market. The results of this paper have not shown significant changes for the days surrounding the publication of estimation vote, known as event day. Although it can be observed a positive reaction to PP vote increases, confirming what the literature suggests. This indicates that the event indeed does affect the stock market depending on which party outcomes the other. The results also indicate that certain companies were more exposed to the political results than others.
    [Show full text]
  • Enabling Ubiquitous Buying Via Multichannel Fulfillment
    • Cognizant IBM Sterling Practice Overview Enabling Ubiquitous Buying via Multichannel Fulfillment Achieving True Multichannel Unique Nature of the Practice The retail landscape has changed dramatically over By remaining focused within the IBM Sterling com- the last few years, becoming increasingly complex merce space and seamlessly leveraging our vast as the “customer experience” spreads across capabilities in the areas of enterprise business retail channels. Customers today are “window- process consulting, change management, design, shopping” — researching, comparing and buying development, testing and QA among other areas, products online — and picking up or returning the our IBM Sterling commerce practice affords our product at stores. With the emergence of social customers an intimate consulting experience nor- and mobile commerce, customers want a seamless mally found in boutique consulting firms, but with shopping experience across channels. the added depth and breadth of a Tier 1 company. This cross-channel experience can be enabled We have some of the best IBM Sterling talent and only when there is a “buy anywhere, fulfill specialists — some with decades of implementa- anywhere” ability. tion experience. We team them up with business consultants who were retailers in the past and with IBM Sterling has a unique combination of powerful other IT practitioners with global project delivery capabilities: enterprise-wide inventory visibility; expertise. This combination of expertise can map a sophisticated order management mechanism retailer needs to the IBM Sterling product, suggest that can spawn multiple fulfillment channels; best practices and successfully implement in a inventory tracking across the entire supply chain; cost-optimized global delivery model. Our IBM and integration with multiple order capture Sterling practice is able to provide end-to-end systems.
    [Show full text]
  • GETTING AHEAD in CYBER RISK a Differentiated Approach for Communications, Media and Technology Providers
    GETTING AHEAD IN CYBER RISK A differentiated approach for Communications, Media and Technology providers KEY TAKEAWAYS Companies in the Communications, Media and Technology (CMT) industry, especially in the 1 telecommunications sector, operate across multiple technology platforms and jurisdictions, exposing them to wide-ranging cyber risks. The industry often acts as a conduit for information and transaction flows and forms a fundamental component of other key sectors, making it a particularly attractive target. Business interruptions and reputational damage are perceived to be the most critical cyber 2 loss scenarios for CMT companies and their stakeholders. A cyber incident can cause significant financial losses stemming from service disruption, as well as loss of trust due to breach of customer privacy. In the case of reputational damage, on average it is much more pronounced for the CMT industry than other industries. In the face of a cyberattack, the CMT industry is perceived to incur the highest financial cost 3 across all surveyed industries. Among cyber threats, financially-motivated ones are the biggest concern for CMT companies. As shown by results of the latest Marsh Microsoft Global Cyber Risk Perception Survey, more than 80 percent of respondents from the CMT industry expect a cyber breach to cost them more than $1 million per case, as compared to a cross-industry average of 65 percent.1 Proactive measures are needed to increase the visibility of cyber risk issues within CMT 4 companies, and cyber risk management should be made a shared responsibility across the firm. While the risks have been recognized by the industry, more can be done by CMT companies to establish and implement a holistic framework, encompassing cyber hygiene, governance, quantification of risks, and adequate board oversight.
    [Show full text]
  • The Forrester Wave™: Microsoft Dynamics 365 Services, Q2 2019 the 12 Providers That Matter Most and How They Stack up by Leslie Joseph May 21, 2019
    LICENSED FOR INDIVIDUAL USE ONLY The Forrester Wave™: Microsoft Dynamics 365 Services, Q2 2019 The 12 Providers That Matter Most And How They Stack Up by Leslie Joseph May 21, 2019 Why Read This Report Key Takeaways In our 23-criterion evaluation of Microsoft Avanade, HCL Technologies, And PwC Lead Dynamics 365 service providers, we identified the The Pack 12 most significant ones — Avanade, Cognizant, Forrester’s research uncovered a market in DXC Technology, HCL Technologies, Hitachi which Avanade, HCL Technologies, and PwC Solutions, IBM, Infosys, KPMG, PwC, Sonata are Leaders; DXC Technology, Hitachi Solutions, Software, Tata Consultancy Services (TCS), and Infosys, KPMG, and Sonata Software are Strong Wipro — and researched, analyzed, and scored Performers; and Cognizant, IBM, TCS, and Wipro them. This report shows how each provider are Contenders. measures up and helps application development Business Consulting, Cloud, And Delivery and delivery professionals select the right one for Excellence Are Key Differentiators their needs. As Microsoft Dynamics evolves into a business applications platform, breadth of consulting and delivery capabilities and depth in intellectual property (IP) and domain knowledge will dictate which providers will lead the pack. Vendors that can provide these capabilities position themselves to successfully deliver Microsoft Dynamics services to their customers for high business impact at low risk. This PDF is only licensed for individual use when downloaded from forrester.com or reprints.forrester.com. All
    [Show full text]
  • Everest Group PEAK Matrix™ for Devops Service Providers 2019
    ® Everest Group PEAK Matrix™ for DevOps Service Providers 2019 Focus on Capgemini September 2019 ® ™ Copyright © 2019 Everest Global, Inc. This document has been licensed for exclusive use and distribution by Capgemini EGR-2019-32-E-3316 Introduction and scope Everest Group recently released its report titled “DevOps Services PEAK Matrix™ Assessment and Market Trends 2019 – Siloed DevOps is No DevOps! ” This report analyzes the changing dynamics of the DevOps services landscape and assesses service providers across several key dimensions. As a part of this report, Everest Group updated its classification of 20 service providers on the Everest Group PEAK Matrix™ for DevOps services into Leaders, Major Contenders, and Aspirants. The PEAK Matrix is a framework that provides an objective, data-driven, and comparative assessment of DevOps service providers based on their absolute market success and delivery capability. Based on the analysis, Capgemini emerged as a Leader. This document focuses on Capgemini’s DevOps services experience and capabilities and includes: ⚫ Capgemini’s position on the DevOps PEAK Matrix ⚫ Detailed DevOps services profile of Capgemini Buyers can use the PEAK Matrix to identify and evaluate different service providers. It helps them understand the service providers’ relative strengths and gaps. However, it is also important to note that while the PEAK Matrix is a useful starting point, the results from the assessment may not be directly prescriptive for each buyer. Buyers will have to consider their unique situation and requirements, and match them against service provider capability for an ideal fit. Source: Everest Group (2019) unless cited otherwise ® Copyright © 2019, Everest Global, Inc.
    [Show full text]
  • Tecnicas Reunidas
    Tecnicas Reunidas Spain/ Oil Services Post results note Investment Research 11 NOVEMBER 2016 Accumulate Resultados del 3T16, en línea con lo estimado. Recommendation unchanged La noticia: Técnicas Reunidas presentó ayer los resultados del 3T16. Share price: EUR 33.75 closing price as of 10/11/2016 Nuestro análisis: Los resultados han estado en línea con lo estimado. Target price: EUR 36.00 TECNICAS REUNIDAS : 9M16 RESULTS Target Price unchanged 9M15 %sles 9M16 %sles %y/y 2Q16 3Q15 3Q16 Sales 3,006.0 100% 3,437.9 100% 14.4% 1,252.6 1,122.4 1,134.0 Reuters/Bloomberg TRE.MC/TRE SM EBITDA 159.2 5.3% 154.1 4.5% -3.2% 55.4 56.6 51.6 Daily avg. no. trad. sh. 12 mth 480 Depreciation -11.6 -0.4% -15.2 -0.4% 31.0% -5.2 -4.0 -5.0 Daily avg. trad. vol. 12 mth (m) 20,834.07 EBIT 147.6 4.9% 138.9 4.0% -5.9% 50.3 52.6 46.5 Price high 12 mth (EUR) 38.31 Financial results 4.2 0.1% -1.1 0.0% -1.4 1.0 3.2 Price low 12 mth (EUR) 21.75 EBT 151.8 5.0% 137.8 4.0% -9.2% 48.8 51.4 48.2 Abs. perf. 1 mth -6.2% Income tax -36.6 -1.2% -36.5 -1.1% -0.3% -13.2 -11.3 -12.7 Abs. perf. 3 mth 6.2% Net profit 115.2 3.8% 101.3 2.9% -12.1% 35.7 40.1 35.4 Abs.
    [Show full text]
  • Cloud Managed Services and Hosting Sector Review | Q1 2020
    CLOUD MANAGED SERVICES AND HOSTING SECTOR REVIEW | Q1 2020 Technology Cloud Managed Services and Hosting| Q1 2021 TECHNOLOGY, MEDIA & TELECOM PAGE | 0 Cloud Managed Services and Hosting Taxonomy WEB HOSTING MANAGED SERVICES IT OUTSOURCING Refers to a service in which a vendor offers the Refers to the delivery of network, application, system Refers to the use of external service providers to housing of business-to-business or business-to- and e-management services across a network to effectively deliver IT-enabled business process, consumer eCommerce websites via vendor-owned multiple enterprises, using a pay-as-you-go pricing application service and infrastructure solutions shared or dedicated servers and applications for model for business outcomes enterprises at the provider-controlled facilities SELECTED MARKET PARTICIPANTS SELECTED MARKET PARTICIPANTS SELECTED MARKET PARTICIPANTS S E L E C T E D HW CLOUD MANAGED SERVICES AND HOSTING TRANSACTIONS & has made a significant has been acquired by has acquired have been acquired by has been acquired by has been acquired by investment in Provider of a post-warranty Provider of mass hosting Provider of services Provider of web domains, Provider of managed Provider of SME-focused alternative for storage, server services for SMEs, including allowing SMEs to move shared web hosting and technology services with hosting and cloud solutions, and networking hardware web hosting, domains, their IT infrastructure and value-added services with national scale in the US and including domain and maintenance
    [Show full text]
  • COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-24429 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 13-3728359 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 300 Frank W. Burr Blvd. Teaneck, New Jersey 07666 (Address of Principal Executive Offices including Zip Code) Registrant’s telephone number, including area code: (201) 801-0233 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Trading Symbol(s) Class A Common Stock, $0.01 par value per share CTSH The Nasdaq Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☒ Yes ☐ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☒ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Everest Group PEAK Matrix for Insurance Analytics and Insights (AI) Third-Party Services 2020
    Everest Group PEAK Matrix® for Insurance Analytics and Insights (A&I) Third-party Service Providers 2020 Focus on Cognizant August 2020 Copyright © 2020 Everest Global, Inc. This document has been licensed for exclusive use and distribution by Cognizant EGR-2020-28-E-3907 Insurance Analytics and Insights (A&I) Third-party Services PEAK Matrix® Assessment 2020 Background and methodology of the research In recent times, insurance Analytics & Insights (A&I) has emerged as a fast-growing, high-potential market. Insurance enterprises are looking beyond traditional data management services to focus on customer experience. To tap into the dynamically changing consumer needs of today and optimize their product portfolios with targeted offerings, insurers have started leveraging third-party support for analytics services. Service providers, in turn, have started investing in advanced analytics, in addition to visualization and reporting services. In this research, we present detailed assessments of 17 insurance A&I service providers, based on their vision, capabilities, and market impact, and look at their relative positioning on the Everest Group PEAK Matrix® for Insurance A&I Services. Our assessment is based on Everest Group’s annual RFI process for H2 2019, interactions with leading insurance A&I service providers, client reference checks, and an ongoing analysis of the insurance A&I services market. This report features 17 insurance A&I service provider profiles, each of which includes: ⚫ Relative positioning of the service provider on Everest
    [Show full text]
  • How Applying an AI-Defined Infrastructure Can
    Cognizant 20-20 Insights Digital Systems & Technology How Applying an AI-Defined Infrastructure Can Boost Data Center Operations An artificial-intelligence-based infrastructure that uses the data available within the data center to optimize and automate infrastructure operations can enhance operational efficiencies and improve the quality of service offered to the business. Executive Summary It is hardly news that artificial intelligence (AI) is entering Moreover, the use of AI within the data center is growing the mainstream. In fact, Gartner predicts that by 2022 steadily. In this context, AI is being used to predict and AI will contribute nearly $3.9 trillion in business value automate many of the tasks that humans currently globally,1 and that 40% of all application development perform. This concept is known as an AI-defined data projects will have AI developers on their teams. Not center.3 As automation and the use of code to run the surprisingly, Gartner also places AI-based technologies data center through software-defined technologies strongly in the top trends for 2019.2 mature, data center operations are becoming much more efficient, with fewer mistakes due to manual August 2019 Cognizant 20-20 Insights interventions. The logical next step in increasing elements of its IT infrastructure operations.6 Other performance is the use of an AI-defined vendors such as Extreme Networks are reportedly infrastructure.4 readying AI to enhance operations capabilities within networks. Recent studies by EMC and Intel for Forbes Insights5 reveal that 70% of organizations classified This white paper explores the evolution of the data as leaders in digital transformation believe that center and details how an AI-defined infrastructure data and analytics will become integral to running can help businesses operate more efficiently.
    [Show full text]
  • ISG Providerlens™ Quadrant Report
    Salesforce Ecosystem Partners Germany 2020 A research report comparing provider Quadrant Report strengths, challenges and competetive differentiators. March 2020 Customized report courtesy of: ISG Provider Lens™ Quadrant Report | March 2020 Section Name About this Report Information Services Group, Inc. is solely responsible for the content of this report. ISG Provider Lens™ delivers leading-edge and actionable research studies, reports and consulting services focused on technology and service providers’ strengths and Unless otherwise cited, all content, including illustrations, research, conclusions, weaknesses and how they are positioned relative to their peers in the market. These assertions and positions contained in this report were developed by and are the sole reports provide influential insights accessed by our large pool of advisors who are property of Information Services Group, Inc. actively advising outsourcing deals as well as large numbers of ISG enterprise clients who are potential outsourcers. The research and analysis presented in this report includes research from the ISG Provider Lens™ program, ongoing ISG Research programs, interviews with ISG advisors, For more information about our studies, please email [email protected], briefings with services providers and analysis of publicly available market information call +49 (0) 561-50697537, or visit ISG Provider Lens™ under ISG Provider Lens™. from multiple sources. The data collected for this report represents information that ISG believes to be current as of February 2020 for providers who actively participated as well as for providers who did not. ISG recognizes that many mergers and acquisitions have taken place since that time, but those changes are not reflected in this report.
    [Show full text]