CTSH Takeaways From Technology Conference

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) reports that demand remains solid through 2010 driven by M&A, integration in financial and healthcare and also new clients in the retail/manufacturing space, according to Citigroup.

CTSH is managing modest price increases, in contrast to 2009, and demand for next year should be helped by regulatory changes, which will offset the window down of M&A integration, Citigroup reports.

CTSH is expecting supply side pressure, i.e. attribution rates, to trend lower starting in 4Q.

Cognizant Technology Solutions Corp. closed yesterday at $62.23.

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