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NEW YORK - Cognizant (NASDAQ:CTSH), a prominent IT services player with a market capitalization of $37.7 billion and annual revenue of $20.1 billion, has been granted two new U.S. patents for artificial intelligence technologies and received a gold award at the Genetic and Evolutionary Computation Conference (GECCO) in Malaga, Spain, the company announced Thursday. According to InvestingPro data, the company maintains strong financial health with consistently profitable operations.
The two patents bring Cognizant AI Lab’s total to 59 U.S. patents with 23 more pending. The first patent, issued on April 22, covers a method for Multi-objective Coevolution of Deep Neural Network Architectures, while the second, issued on May 6, outlines a method for optimizing loss functions through Taylor Series Expansion. The company’s strong innovation pipeline is supported by robust financials, with InvestingPro analysis showing liquid assets exceeding short-term obligations and moderate debt levels.
"Being granted two new U.S. patents in the first half of 2025 underscores our relentless pace of innovation," said Babak Hodjat, CTO of AI at Cognizant, according to the press release.
The company also received recognition for its research paper on "Realizing Human Expertise through AI" (RHEA), winning the Gold Award for Human-Competitive Results at GECCO 2025. The research employs evolutionary AI to refine decision strategies from multiple human expert models.
Earlier this year, Cognizant open-sourced its Neuro AI Multi-Agent Accelerator, a platform designed to help businesses develop and implement AI agents for business processes.
The Cognizant AI Lab, which opened its San Francisco research facility in March 2024, focuses on Decision AI that combines generative AI, multi-agent architecture, deep learning, and evolutionary AI technologies.
The company’s AI innovations are developed by researchers including Dr. Jason Liang, Dr. Elliot Meyerson, and Professor Risto Miikkulainen, who also serves as VP of Research at Cognizant and Professor of Computer Science at UT Austin. Trading at a P/E ratio of 16.1x and maintaining low price volatility, Cognizant offers investors exposure to the growing AI sector. For detailed analysis and additional insights, including the comprehensive Pro Research Report covering Cognizant’s market position and growth prospects, visit InvestingPro.
In other recent news, Cognizant Technology Solutions has been the focus of several notable developments. Guggenheim has upgraded Cognizant’s stock rating from Neutral to Buy, with a price target of $90. This decision is based on expected growth driven by new client acquisitions and strong performance outside North America. Evercore ISI also initiated coverage on Cognizant with an Outperform rating and a $100 price target, highlighting the company’s potential for top-tier industry growth and momentum in securing large deals, including three mega deals worth over $500 million each.
Additionally, Cognizant has launched Agent Foundry, a new platform designed to help businesses deploy and manage autonomous AI agents at scale. This initiative complements the company’s expanded partnership with Salesforce, through which Cognizant will offer new services for Salesforce’s Agentforce platform, aiming to integrate AI agents into enterprise workflows. In a separate development, Cognizant announced a leadership change, with Robert Telesmanic, the Senior Vice President, Controller, and Chief Accounting Officer, set to retire in July 2025. Alina Kerdman will succeed him, with the transition process already approved by the Board of Directors.
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