Cognizant, Gilead Extend Partnership With Five-Year Service Agreement Estimated At $800M
Portfolio Pulse from Benzinga Newsdesk
Cognizant and Gilead Sciences have extended their partnership with a five-year service agreement estimated at $800 million. Under the agreement, Cognizant will manage Gilead's global IT infrastructure, platforms, applications, and advanced analytics, and lead initiatives designed to accelerate its digital transformation.
July 24, 2023 | 12:03 pm
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POSITIVE IMPACT
The extended partnership with Gilead could boost Cognizant's revenues and strengthen its position in the IT services sector.
The extended partnership with Gilead, estimated at $800 million, could significantly boost Cognizant's revenues over the next five years. This could also strengthen Cognizant's position in the IT services sector and potentially increase its market share.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The extended partnership with Cognizant could accelerate Gilead's digital transformation and improve its operational efficiency.
The extended partnership with Cognizant could accelerate Gilead's digital transformation, leading to improved operational efficiency. This could potentially lead to cost savings and improved profitability for Gilead in the long run.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100