Cognizant (CTSH) said Wednesday it is renewing a multimillion-dollar strategic collaboration with Travel + Leisure (TNL) to advance the travel company's digital infrastructure and integrate artificial intelligence.
Under the extended agreement, Cognizant will support the company in modernizing digital applications, scaling infrastructure and developing AI-powered offerings.
Shares of Cognizant fell around 1.1%, while Travel + Leisure rose roughly 0.6% in recent trading.
Price: 83.66, Change: -0.99, Percent Change: -1.17