Cognizant and Telstra enter into strategic partnership to enhance software engineering capabilities and enhance customer experience



Collaboration aims to accelerate Telstra's (OTC:) speed to market, operational efficiency and improve customer and employee experience

Sydney and Teaneck, New Jersey, April 28, 2024 /PRNewswire/ — Cognizant (NASDAQ: ) today announced a five-year strategic partnership with Telstra as part of the Australian telecommunications and technology company's growth strategy. Cognizant will introduce new ways of working to accelerate Telstra's software engineering and IT capabilities, leveraging modern technologies such as artificial intelligence (AI) to drive innovation and improve operational efficiency.

The strategic partnership aims to accelerate Telstra's technology results through the implementation of modern product engineering practices through Cognizant, allowing Telstra to further improve its customer experience and accelerate time to market. Cognizant will leverage its global capabilities to support Telstra's strategy to enable more efficient software engineering and IT operations and retire legacy systems. In addition, the strategic partnership aims to further foster a modern and innovative culture within Telstra by creating an exceptional engineering experience to support the employee experience.

“Cognizant is delighted to partner with Telstra to support its bold aspirations,” said Cognizant CEO Ravi Kumar S. “Telstra is a global leader in leveraging innovation to transform products and customer experiences, and we are proud to serve as their strategic IT partner.” One of the partners supporting them on this journey.”

“In today's rapidly evolving technology environment, strategic partnerships are critical to delivering on our shared ambitions, in this case digital leadership and exceptional customer experience. We are integrating and simplifying across Telstra, Choosing Cognizant as a strategic partner for our software engineering and IT departments is a key part of streamlining our operations to ensure sustainable growth. Kim Crowe AndersonHead of Product and Technology, Telstra Group.

“Our strategic partnership with Cognizant will help us build modern software engineering capabilities defined by modern product engineering practices, the latest tools and a stable workforce,” said Kieran O'Meara, Head of Software Engineering and IT, Telstra. “With agility at our core, we are redefining industry standards through cutting-edge methodologies, seamless integration of artificial intelligence, and an unwavering commitment to customer-centered design. Our hallmark is not just code, it's continuous learning A culture where diversity drives innovation”.

Jane Liveseyhead of Asia-Pacific and Japan Cognizant said: “This partnership signals a new era for professional services. From the outset, this arrangement has been client-centric and allows us to move away from the traditional contracting and delivery model that the industry has used for decades. We have been working closely with Telstra has established a strategic partnership framework that allows us to share Telstra's innovation goals, risks and rewards. Through our shared responsibility for results and transformation, we are committed to improving operations, building high-performing engineering teams and reinventing the way we work. .Telstra to unlock new opportunities and deliver unparalleled value to its customers.

About Telstra
Telstra is Australian A leading telecommunications and technology company providing a full range of communications services. Our goal is to build a connected future where everyone can thrive. www.telstra.com.au

About Cognizant
Cognizant (NASDAQ: CTSH ) designs the modern enterprise. We help clients modernize technology, reimagine processes and transform experiences so they can stay ahead in a rapidly changing world. Together we improve everyday life. Visit www.cognizant.com or @cognizant to see how.

forward-looking statements
This press release contains forward-looking statements that may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which is necessarily subject to risks, uncertainties and assumptions about future events. properties and assumptions may not be proven accurately. These statements include, but are not limited to, express or implied statements relating to the business relationship between Cognizant and Telstra, Telstra's ability to optimize its supplier landscape and build a customer-centric ecosystem, and the benefits of Cognizant's AI solutions to Telstra. Forward-looking statements, another benefit is the business relationship between Cognizant and Telstra. These statements are neither promises nor guarantees and are subject to various risks and uncertainties, many of which are beyond our control, which could cause actual results to differ from those anticipated in these forward-looking statements. There are significant differences. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.Factors that could cause actual results to differ materially from those expressed or implied include global economic and geopolitical conditions, Cognizant's ability to meet certain contractually required specific service levels or milestones, intense and changing competition and the fact that Cognizant's service offerings must The significant technological advancements made to keep pace with rapidly changing market competition, Cognizant's ability to successfully use AI-based technologies in customer products, and are discussed in Cognizant's most recent Annual Report on Form 10-K and other filings with U.S. companies other factors Securities and Exchange Commission (this U.S. Securities and Exchange Commission”), as such risk factors may be modified or updated from time to time in Cognizant’s subsequent periodic filings and other filings U.S. Securities and Exchange Commissionavailable at U.S. Securities and Exchange Commission Website www.sec.gov. 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 by applicable securities laws.

For more information please contact:

Europe /Asia Pacific/United States

Name Christina Schneider

Email christina.schneider@cognizant.com

India

Rashmi Vasisht

Email rashmi.vasisht@cognizant.com

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