Cognizant Technology Solutions (CTSH) has made a big investment to boost its health care business. The global IT technology consulting and outsourcing service company on Monday said it plans to acquire TriZetto, a privately held provider of health care IT software, for $2.7 billion. TriZetto is owned by funds advised by Apax Partners along with minority investors BlueCross BlueShield of Tennessee and Cambia Health Solutions. The stock for
Cognizant Technology Solutions’ (CTSH) first-quarter growth was hampered by customer issues, particularly in health care, sending shares down more than 4% on the stock market today. The company delivered its Q1 earnings report on Wednesday, before the market opened. The leading IT consulting and outsourcing company delivered a mixed bag of Q1 results. Revenue met views and per-share profit was seven cents ahead of expectations. The Teaneck,
Cognizant Technology Solutions (CTSH) will attempt to do one better than its rivals when it reports first-quarter results Wednesday before the market opens. The global outsourcing and consulting services company’s earnings report is set to arrive amid mixed results from rivals such as Infosys (INFY), which reported revenue slightly below estimates and a per-share profit just above views, while Accenture’s (ACN) Q2 results fell short of views on