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Thursday, 19 January 2023

Cognizant lowers margin due to EmblemHealth impact

Cognizant has lowered its operating margin in the fourth quarter due to impact from impairment of certain capitalized costs related to a large contract with a healthcare customer. Though Cognizant did not disclose the name of the healthcare client, TOI has learnt that the customer is US health insurance provider EmblemHealth, a not-for-profit health insurer, catering to over three million people in the New York area.

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