Cognizant Will Manage Gilead's Global IT Infrastructure, Platforms, Applications, And Advanced Analytics. The Agreement Includes Renewal And Expansion Of Cognizant Services For Up To $800M Over The Next Five Years
Portfolio Pulse from Benzinga Newsdesk
Cognizant has secured a deal to manage Gilead's global IT infrastructure, platforms, applications, and advanced analytics. The agreement includes renewal and expansion of Cognizant services for up to $800M over the next five years.
July 24, 2023 | 12:13 pm
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POSITIVE IMPACT
Cognizant's deal with Gilead could bring in up to $800M over the next five years, potentially boosting its revenues.
The deal with Gilead is a significant one for Cognizant, potentially bringing in up to $800M over the next five years. This could have a positive impact on the company's revenues and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Gilead's partnership with Cognizant for managing its global IT infrastructure could lead to operational efficiencies.
By outsourcing its IT management to Cognizant, Gilead could achieve operational efficiencies and cost savings. This could have a positive impact on the company's bottom line and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100