AUSTIN, Texas - Cognizant has selected Oracle Fusion Cloud Recruiting to manage talent acquisition for its global workforce of more than 350,000 employees across 60 countries, according to a press release statement.The $24.6 billion IT services company currently trades at a P/E ratio of 11.25, and InvestingPro analysis suggests the stock is undervalued relative to its Fair Value.
The professional services company (NASDAQ:CTSH) will use Oracle’s recruiting platform, part of Oracle Fusion Cloud Human Capital Management, to support its hiring operations. The platform includes AI capabilities and automation tools designed to manage recruiting workflows.
"The candidate experience is often the first interaction people have with our organization, and we needed a recruiting platform that could deliver a more seamless and engaging experience while giving us the flexibility to build AI capabilities that align with our business objectives," said Roshan Subudhi, senior vice president of Enterprise Platform Services at Cognizant.
Cognizant plans to use Oracle AI Agent Studio to develop custom AI agents for its business processes. The company operates in more than 60 countries and provides technology services to clients.
Oracle Recruiting includes features for candidate management, talent pool development, and internal mobility programs. The platform is part of Oracle’s (NYSE:ORCL) suite of cloud applications.
"Organizations with a vast footprint like Cognizant need AI-powered solutions that can scale globally and help them build a future workforce," said Nagaraj Nadendla, senior vice president of HCM product development at Oracle.Despite the strategic technology investments, Cognizant’s stock has declined 37% over the past six months. InvestingPro subscribers have access to 10 additional exclusive tips about the company, plus comprehensive Pro Research Reports covering over 1,400 US equities.
The implementation will support both standardized and location-specific hiring processes across Cognizant’s operations. Oracle Recruiting works with Oracle Recruiting Booster to provide automation and AI tools for the hiring process.
In other recent news, Cognizant Technology Solutions has been the subject of several notable developments. Wedbush upgraded Cognizant’s stock rating from Neutral to Outperform, raising its price target to $70 from $56, due to anticipated momentum in the company’s artificial intelligence strategy. Citi, on the other hand, maintained a Neutral rating with a price target of $55. Cognizant has also announced the integration of its Neuro AI Trust platform with ServiceNow, enhancing AI governance and monitoring capabilities for enterprise systems. Additionally, Cognizant has expanded its collaboration with Snowflake to boost enterprise AI adoption through the Snowflake CoCo platform. As part of this collaboration, Cognizant has been recognized as a Preferred Launch Partner and Snowflake’s 2026 CoCo Catalyst Partner of the Year. Furthermore, Cognizant has expanded its strategic alliance with CrowdStrike, incorporating the CrowdStrike Falcon platform into its AI Factory and Managed Cybersecurity Services. This partnership aims to enhance security for AI deployments across various platforms. These developments highlight Cognizant’s ongoing efforts to strengthen its position in the AI and cybersecurity sectors.
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