Provider of information technology consulting, and business process outsourcing services, Cognizant was selected by the U.K. Financial Services Authority (FSA) to be a key supplier of solutions as part of its Strategic Outsourcing Framework Agreement (SOFA).
As a key supplier, Cognizant will help the FSA improve the reliability, scalability and flexibility of the IT systems and solutions that support the FSA's market surveillance operations, supervisory analysis and risk management functions.
Cognizant Technology Solutions currently has a potential upside of 43.2% based on a current price of $59.72 and an average consensus analyst price target of $85.53. Cognizant Technology Solutions is presently below its 50-day moving average (MA) of $69.44 and below its 200-day MA of $73.19.
Cognizant will work in five service areas namely solutions consultancy, application development, application maintenance, testing, and web design and hosting. The IT service provider will also support a key market surveillance application used by the Financial Services Authority (FSA) to monitor compliance with the Markets in Financial Instruments Directive.
The FSA had in February 2011 named Steria as a supplier in the framework. In April 2011 the FSA chose Capgemini for application development and maintenance for the next four years.
.jpg){kind=logo}
Comments
All Comments (0)
Join the conversation