Le Lézard
Classified in: Science and technology, Business
Subjects: ERN, ERP

COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS


TEANECK, N.J., Feb. 6, 2024 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), one of the world's leading professional services companies, today announced its fourth quarter and full-year 2023 financial results.

"I'm grateful to our nearly 350,000 employees for their tremendous year-long work enhancing our strength as industry experts, collaborative partners and passionate innovators for our clients," said Ravi Kumar S, Chief Executive Officer. "We delivered Q4 revenue within our guided range and we've maintained our commercial momentum. Full-year bookings of $26.3 billion represent an increase of 9% year-over-year, driven by new clients and large deals. To keep advancing our ability to design and deliver solutions, we continue to invest in generative AI, cloud, data modernization, digital engineering and IoT. I believe Cognizant is now in a significantly stronger position than a year ago to help our clients transform their businesses to prepare for the future as they navigate ongoing macro-economic pressures."

$ in millions, except per share data

Q4 2023


Q4 2022



FY 2023


FY 2022


Revenue

$4,758


$4,839



$19,353


$19,428


Y/Y Change

(1.7 %)


1.3 %



(0.4 %)


5.0 %


Y/Y Change CC1

(2.4 %)


4.1 %



(0.3 %)


7.5 %


GAAP Operating Margin

15.2 %


14.2 %



13.9 %


15.3 %


Adjusted Operating Margin1

16.1 %


14.2 %



15.1 %


15.3 %


GAAP Diluted EPS

$1.11


$1.02



$4.21


$4.41


Adjusted Diluted EPS1

$1.18


$1.01



$4.55


$4.40












Operating cash flow

$737


$702



$2,330


$2,568


Free cash flow1

$659


$612



$2,013


$2,236







1 Constant currency ("CC") revenue growth, Adjusted Operating Margin, Adjusted Diluted Earnings Per Share ("Adjusted Diluted EPS") and free cash flow are not measures of financial performance prepared in accordance with GAAP. A full reconciliation of Adjusted Operating Margin guidance to the corresponding GAAP measure on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and, as applicable, reconciliations to the most directly comparable GAAP financial measures.

"Fourth quarter's sequential improvement in adjusted operating margin to 16.1% reflects our ongoing operational rigor and our NextGen cost optimization program, which have enabled us to exceed our margin commitment and continue to invest in our strategy to improve future revenue growth. We were also pleased to deliver full-year free cash flow of $2 billion, which represented 95% of net income," said Jatin Dalal, Chief Financial Officer. "We remain committed to adjusted operating margin expansion of 20 to 40 basis points in 2024 and to our balanced capital allocation framework, which includes share repurchases, inorganic investments to support our strategic priorities, and today's announced dividend increase."

Bookings

Bookings in the fourth quarter declined 6% year-over-year. For the full year, bookings grew 9% year-over-year to $26.3 billion, which represented a book-to-bill of approximately 1.4x.

Employee Metrics

Total headcount at the end of the fourth quarter was 347,700, an increase of 1,100 from Q3 2023 and a decrease of 7,600 from Q4 2022. Voluntary attrition - Tech Services for the year ended December 31, 2023 was 13.8% as compared to 25.6% for the year ended December 31, 2022.

Return of Capital to Shareholders

The Company repurchased 4.2 million shares for $298 million during the fourth quarter under its share repurchase program. As of December 31, 2023, there was $1.8 billion remaining under the share repurchase authorization. In February 2024, the Company declared a quarterly cash dividend of $0.30 per share, a 3% increase year-over-year, for shareholders of record on February 20, 2024 This dividend will be payable on February 28, 2024.

First Quarter and Full-Year 2024 Guidance
(all growth rates year-over-year)






2 A full reconciliation of Adjusted Operating Margin and Adjusted Diluted EPS guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts. See "About Non-GAAP Financial Measures and Performance Metrics" for more information and a partial reconciliation at the end of this release.

Select Client and Partnership Announcements

Select Analyst Ratings, Company Recognition and Announcements

Conference Call

Cognizant will host a conference call on February 6, 2024, at 5:00 p.m. (Eastern) to discuss the Company's fourth quarter 2023 results. To listen to the conference call, please dial (877) 810-9510 (domestic) or +1 (201) 493-6778 (international) and provide the following conference passcode: "Cognizant Call."

The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com. An earnings supplement will also be available on the Cognizant website at the time of the conference call.

For those who cannot access the live broadcast, a replay will be available. To listen to the replay, please dial (877) 660-6853 (domestically) or +1 (201) 612-7415 (internationally) and enter 13743343 beginning two hours after the end of the call until 11:59 p.m. (Eastern) on Tuesday, February 20, 2024. The replay will also be available at Cognizant's website www.cognizant.com for 60 days following the call.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to our strategy, strategic partnerships and collaborations, competitive position and opportunities in the marketplace, investment in and growth of our business, the pace and magnitude of change and client needs related to generative AI, the effectiveness of our recruiting and talent efforts and related costs, labor market trends, the anticipated amount of capital to be returned to shareholders and our anticipated financial performance. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the competitive and rapidly changing nature of the markets we compete in, the competitive marketplace for talent and its impact on employee recruitment and retention, our ability to successfully implement our NextGen program and the amount of costs, timing of incurring costs and ultimate benefits of such plans, our ability to successfully use AI-based technologies, legal, reputational and financial risks resulting from cyberattacks, changes in the regulatory environment, including with respect to immigration and taxes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

About Non-GAAP Financial Measures and Performance Metrics

Non-GAAP Financial Measures
To supplement our financial results presented in accordance with GAAP, this press release includes references to the following measures defined by the Securities and Exchange Commission as non-GAAP financial measures: Adjusted Operating Margin, Adjusted Diluted EPS, free cash flow, net cash and constant currency revenue growth. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures should be read in conjunction with our financial statements prepared in accordance with GAAP. The reconciliations of our non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.

Our non-GAAP financial measures Adjusted Operating Margin and Adjusted Income from Operations excludes unusual items, such as NextGen charges. Our non-GAAP financial measure Adjusted Diluted EPS excludes unusual items, such as Nextgen charges and the effect of recognition in the third quarter of 2022 of an income tax benefit related to a specific uncertain tax position that was previously unrecognized in our prior-year consolidated financial statements, and net non-operating foreign currency exchange gains or losses and the tax impact of all the applicable adjustments. The income tax impact of each item excluded from Adjusted Diluted EPS is calculated by applying the statutory rate and local tax regulations in the jurisdiction in which the item was incurred. Free cash flow is defined as cash flows from operating activities net of purchases of property and equipment. Net cash is defined as cash and cash equivalents and short-term investments less short-term and long-term debt. Constant currency revenue growth is defined as revenues for a given period restated at the comparative period's foreign currency exchange rates measured against the comparative period's reported revenues.

Management believes providing investors with an operating view consistent with how we manage the Company provides enhanced transparency into our operating results. For our internal management reporting and budgeting purposes, we use various GAAP and non-GAAP financial measures for financial and operational decision-making, to evaluate period-to-period comparisons, to determine portions of the compensation for our executive officers and for making comparisons of our operating results to those of our competitors. Accordingly, we believe that the presentation of our non-GAAP measures, which exclude certain costs, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.

A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in accordance with GAAP and may exclude costs that are recurring such as our net non-operating foreign currency exchange gains or losses. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from our non-GAAP financial measures to allow investors to evaluate such non-GAAP financial measures.

Performance Metrics
Bookings are defined as total contract value (or TCV) of new contracts, including new contract sales as well as renewals and expansions of existing contracts. Bookings can vary significantly quarter to quarter depending in part on the timing of the signing of a small number of large contracts. Our book-to-bill ratio is defined as bookings for the trailing twelve months divided by revenue for the same period. Measuring bookings involves the use of estimates and judgments and there are no independent standards or requirements governing the calculation of bookings. The extent and timing of conversion of bookings to revenues may be impacted by, among other factors, the types of services and solutions sold, contract duration, the pace of client spending, actual volumes of services delivered as compared to the volumes anticipated at the time of sale, and contract modifications, including terminations, over the lifetime of a contract. The majority of our contracts are terminable by the client on short notice often without penalty, and some without notice. We do not update our bookings for subsequent terminations, reductions or foreign currency exchange rate fluctuations. Information regarding our bookings is not comparable to, nor should it be substituted for, an analysis of our reported revenues. However, management believes that it is a key indicator of potential future revenues and provides a useful indicator of the volume of our business over time.

Investor Relations Contact:




Media Contact:


Tyler Scott




Jeff DeMarrais


VP, Investor Relations




VP, Corporate Communications


 +1 551-220-8246




 +1 475-223-2298


[email protected]




[email protected]


- tables to follow -

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)


 (in millions, except per share data)

Three Months Ended
December 31,


Twelve Months Ended
December 31,


2023


2022


2023


2022

 Revenues

$     4,758


$     4,839


$  19,353


$   19,428

 Operating expenses:








Cost of revenues (exclusive of depreciation and amortization expense shown
     separately below)

3,081


3,152


12,664


12,448

 Selling, general and administrative expenses

786


860


3,252


3,443

 Restructuring charges

40


?


229


?

 Depreciation and amortization expense

127


141


519


569

 Income from operations

724


686


2,689


2,968

 Other income (expense), net:








 Interest income

34


27


126


59

 Interest expense

(11)


(8)


(41)


(19)

 Foreign currency exchange gains (losses), net

(1)


8


2


7

 Other, net

3


1


11


1

 Total other income (expense), net

25


28


98


48

 Income before provision for income taxes

749


714


2,787


3,016

 Provision for income taxes

(195)


(193)


(668)


(730)

 Income (loss) from equity method investment

4


?


7


4

Net income

$        558


$        521


$     2,126


$     2,290

 Basic earnings per share

$       1.12


$       1.02


$       4.21


$       4.42

 Diluted earnings per share

$       1.11


$       1.02


$       4.21


$       4.41

Weighted average number of common shares outstanding - Basic

500


512


505


518

Dilutive effect of shares issuable under stock-based compensation plans

1


1


?


1

Weighted average number of common shares outstanding - Diluted

501


513


505


519

 

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(Unaudited)


(in millions, except par values)

December 31,
2023


December 31,
2022

Assets




Current assets:




Cash and cash equivalents

$          2,621


$          2,191

Short-term investments

14


310

Trade accounts receivable, net

3,849


3,796

Other current assets

1,022


969

Total current assets

7,506


7,266

Property and equipment, net

1,048


1,101

Operating lease assets, net

611


876

Goodwill

6,085


5,710

Intangible assets, net

1,149


1,168

Deferred income tax assets, net

993


642

Long-term investments

435


427

Other noncurrent assets

656


662

Total assets

$       18,483


$       17,852

Liabilities and Stockholders' Equity




Current liabilities:




Accounts payable

$             337


$             360

Deferred revenue

385


398

Short-term debt

33


8

Operating lease liabilities

153


174

Accrued expenses and other current liabilities

2,425


2,407

Total current liabilities

3,333


3,347

Deferred revenue, noncurrent

42


19

Operating lease liabilities, noncurrent

523


714

Deferred income tax liabilities, net

226


180

Long-term debt

606


638

Long-term income taxes payable

157


283

Other noncurrent liabilities

369


362

Total liabilities

5,256


5,543

Stockholders' equity:




Preferred stock, $0.10 par value, 15 shares authorized, none issued

?


?

Class A common stock, $0.01 par value, 1,000 shares authorized, 498 and 509 shares issued
and outstanding as of December 31, 2023 and 2022, respectively

5


5

Additional paid-in capital

15


15

Retained earnings

13,301


12,588

Accumulated other comprehensive income (loss)

(94)


(299)

Total stockholders' equity

13,227


12,309

Total liabilities and stockholders' equity

$       18,483


$       17,852

 

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

Reconciliations of Non-GAAP Financial Measures

(Unaudited)


 (dollars in millions, except per share amounts)

Three Months Ended
December 31,


Twelve Months Ended
December 31,


Guidance


2023


2022


2023


2022


Full Year 2024 (1)

GAAP income from operations

$    724


$    686


$ 2,689


$ 2,968



NextGen charges(a)

40


?


229


?



Adjusted Income From Operations

$    764


$    686


$ 2,918


$ 2,968













GAAP operating margin

15.2 %


14.2 %


13.9 %


15.3 %



NextGen charges

0.9


?


1.2


?


0.3% - 0.4%

Adjusted Operating Margin

16.1 %


14.2 %


15.1 %


15.3 %


15.3% - 15.5%











GAAP diluted earnings per share

$   1.11


$   1.02


$   4.21


$   4.41



Effect of NextGen charges, pre-tax

0.08


?


0.45


?


0.14

Non-operating foreign currency exchange (gains) losses, pre-
     tax(b)

?


(0.02)


?


(0.01)


(b)

Tax effect of above adjustments(c)

(0.01)


0.01


(0.11)


0.07


(a) (b)

Effect of recognition of income tax benefit related to an
     uncertain tax position(d)

?


?


?


(0.07)


?

Adjusted Diluted Earnings Per Share

$   1.18


$   1.01


$   4.55


$   4.40


$4.50 - $4.68


(1) A full reconciliation of Adjusted Operating Margin and Adjusted Diluted Earnings Per Share guidance to the corresponding GAAP measures on a forward-looking basis cannot be provided without unreasonable efforts, as we are unable to provide reconciling information with respect to unusual items, net non-operating foreign currency exchange gains or losses and the tax effects of these adjustments, and such adjustments may be significant.

Notes:

(a)

NextGen charges for the three months ended December 31, 2023 include $22 million of employee separation costs, $16 million of facility exit costs and $2 million of third party and other costs. NextGen charges for the year ended December 31, 2023 include $115 million of employee separation costs, $108 million of facility exit costs and $6 million of third party and other costs. In 2024, we expect to incur $70 million of expenses in connection with the NextGen program, which is expected to bring the total charges under the program to approximately $300 million. The total costs related to the NextGen program are reported in "Restructuring charges" in our unaudited consolidated statements of operations. Our guidance anticipates pre-tax charges of approximately $0.14 per diluted share for the full year 2024. The tax effect of these charges is expected to be approximately $0.04 per diluted share for the full year 2024.

(b)

Non-operating foreign currency exchange gains and losses, inclusive of gains and losses on related foreign exchange forward contracts not designated as hedging instruments for accounting purposes, are reported in "Foreign currency exchange gains (losses), net" in our unaudited consolidated statements of operations. Non-operating foreign currency exchange gains and losses are subject to high variability and low visibility and therefore cannot be provided on a forward-looking basis without unreasonable efforts.

(c)

Presented below are the tax impacts of our non-GAAP adjustment to pre-tax income for the:



(in millions)

Three Months Ended
December 31,


Twelve Months Ended
December 31,


2023


2022


2023


2022

Non-GAAP income tax benefit (expense) related to:








NextGen charges

$          10


$          ?


$          59


$          ?

Foreign currency exchange gains and losses

(4)


(4)


(6)


(39)


The effective tax rate related to non-operating foreign currency exchange gains and losses varies depending on the jurisdictions in which such income and expenses are generated and the statutory rates applicable in those jurisdictions. As such, the income tax effect of non-operating foreign currency exchange gains and losses shown in the above table may not appear proportionate to the net pre-tax foreign currency exchange gains and losses reported in our unaudited consolidated statements of operations.



(d)

As previously reported in our Annual Report on Form 10-K, during the three months ended September 30, 2022, we recognized an income tax benefit of $36 million related to a specific uncertain tax position that was previously unrecognized in our prior-year consolidated financial statements. The recognition of the benefit in the third quarter of 2022 was based on management's reassessment regarding whether this unrecognized tax benefit met the more-likely-than-not threshold in light of the lapse in the statute of limitations as to a portion of such benefit.

 

Reconciliations of Net Cash

(Unaudited)


(in millions)


December 31, 2023


December 31, 2022

Cash and unrestricted cash equivalents


$                 2,621


$                 2,191

Short-term investments


14


310

Less:





Short-term debt


33


8

Long-term debt


606


638

Net cash


$                 1,996


$                 1,855

The above tables serve to reconcile the Non-GAAP financial measures to the most directly comparable GAAP measures. Refer to the "About Non-GAAP Financial Measures and Performance Metrics" section of our press release for further information on the use of these Non-GAAP measures.

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

Revenue by Business Segment and Geography

(Unaudited)


 (dollars in millions)

Three Months Ended December 31, 2023






Year over Year


$


 % of total


 % Change


Constant
Currency
% Change (a)

Revenues by Segment:








Financial Services

$         1,395


29.3 %


(5.8) %


(6.6) %

Health Sciences

1,396


29.3 %


(2.1) %


(2.7) %

Products and Resources

1,163


24.5 %


1.3 %


0.3 %

Communications, Media and Technology

804


16.9 %


2.6 %


2.0 %

Total Revenues

$         4,758




(1.7) %


(2.4) %

Revenues by Geography:








North America

$         3,530


74.2 %


(1.6) %


(1.7) %

United Kingdom

448


9.4 %


(1.1) %


(5.8) %

Continental Europe

470


9.9 %


3.8 %


(1.0) %

Europe - Total

918


19.3 %


1.3 %


(3.4) %

Rest of World

310


6.5 %


(9.9) %


(7.9) %

Total Revenues

$         4,758




(1.7) %


(2.4) %










Twelve Months Ended December 31, 2023






Year over Year


$


 % of total


 % Change


Constant
Currency
% Change (a)

Revenues by Segment:








Financial Services

$         5,809


30.0 %


(4.3) %


(4.2) %

Health Sciences

5,674


29.3 %


0.8 %


0.5 %

Products and Resources

4,628


23.9 %


1.4 %


1.5 %

Communications, Media and Technology

3,242


16.8 %


2.6 %


3.1 %

Total Revenues

$       19,353




(0.4) %


(0.3) %

Revenues by Geography:








North America

$       14,263


73.7 %


(1.2) %


(1.1) %

United Kingdom

1,885


9.7 %


4.1 %


3.5 %

Continental Europe

1,909


9.9 %


6.4 %


4.3 %

Europe - Total

3,794


19.6 %


5.2 %


3.9 %

Rest of World

1,296


6.7 %


(6.6) %


(2.6) %

Total Revenues

$       19,353




(0.4) %


(0.3) %



Notes:

(a)

Constant currency revenue growth is not a measure of financial performance prepared in accordance with GAAP. See "About Non-GAAP Financial Measures and Performance Metrics" section of our press release for further information.

 

COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)


(in millions)

Three Months Ended

December 31,


Twelve Months Ended

December 31,


2023


2022


2023


2022

Cash flows from operating activities:








Net income

$        558


$        521


$    2,126


$    2,290

Adjustments for non-cash income and expenses

71


18


393


602

Changes in assets and liabilities

108


163


(189)


(324)

Net cash provided by operating activities

737


702


2,330


2,568

Cash flows from investing activities:








Purchases of property and equipment

(78)


(90)


(317)


(332)

Net maturities of investments

246


379


395


565

Proceeds from sales of businesses

?


?


?


28

Payments for business combinations, net of cash acquired

?


(367)


(409)


(367)

Net cash provided by (used in) investing activities

168


(78)


(331)


(106)

Cash flows from financing activities:








Repurchases of common stock

(313)


(315)


(1,064)


(1,422)

Net change in term loan borrowings and finance lease and earnout
     obligations

(10)


8


(25)


(39)

Dividends paid

(146)


(139)


(591)


(564)

Issuance of common stock under stock-based compensation plans

14


15


71


86

Net cash (used in) financing activities

(455)


(431)


(1,609)


(1,939)

Effect of exchange rate changes on cash, cash equivalents and restricted cash
     and cash equivalents

63


59


33


(21)

Increase in cash, cash equivalents and restricted cash and cash equivalents

513


252


423


502

Cash, cash equivalents and restricted cash, beginning of period

2,204


2,042


2,294


1,792

Cash, cash equivalents and restricted cash and cash equivalents, end of period

$    2,717


$    2,294


$    2,717


$    2,294

 

SUPPLEMENTAL CASH FLOW INFORMATION


(in millions)


Three Months Ended

December 31,

Stock Repurchases under Board of Directors' authorized stock repurchase program:


2023


2022

Number of shares repurchased


4.2


5.2






Remaining authorized balance as of  December 31, 2023


$       1,777



 

Reconciliation of Free Cash Flow Non-GAAP Financial Measure


(in millions)

Three Months Ended

December 31,


Twelve Months Ended

December 31,


2023


2022


2023


2022

Net cash provided by operating activities

$           737


$           702


$      2,330


$      2,568

Purchases of property and equipment

(78)


(90)


(317)


(332)

Free cash flow

$           659


$           612


$      2,013


$      2,236

 

SOURCE Cognizant


These press releases may also interest you

at 04:05
SecPod Partners with DataguardNXT to Distribute SanerNow in the GCC Region
SecPod Technologies, a global leader in the vulnerability and patch management marketplace, has announced a partnership with DataguardNXT, a renowned software distributor serving small and medium-sized businesses across the GCC region....

at 04:00
MBUU INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Malibu Boats, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Malibu Boats, Inc. ("Malibu Boats" or "the Company") and certain of its officers....

at 04:00
AKRO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Akero Therapeutics, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Akero Therapeutics, Inc. ("Akero" or "the Company") and certain of its officers....

at 04:00
GL INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Globe Life Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Globe Life Inc. ("Globe Life" or "the Company") and certain of its officers....

at 04:00
Basware Acquires AP Matching
?Basware, a global leader in AP automation and invoice processing, today announced that it has acquired AP Matching. The acquisition will expand Basware's market offering, bringing accurate financial data and increased cost savings to the entire...

at 03:25
Swiss startup Yuon Control AG secures funding to boost needed innovation in heating sector
Kiilto Ventures has invested in Burgdorf-based Cleantech startup Yuon to help accelerate market adoption of their predictive, self-learning heating control system designed to optimize heating networks. Compared to traditional heating control systems,...

More news about Business...


News published on and distributed by: