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Cognizant Technology Solutions Corp

12/01/2023

The IT services consultant’s 2023 sales growth risks falling short of its long-term average growth rates. Moreover, the company isn’t well positioned to benefit from the structural growth opportunities from digital services. Finally, we note that the customer retention rate is relatively low. Yet, and after all, these all known facts, and we believe that they are truly reflected in today’s share price. While the entire sector is exposed to weakening economic trends, Cognizant’s operating ratios are probably the leanest when compared with its peer groups.

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