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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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