Cognizant shares rise 1.06% after-hours following strategic partnership with Temenos in Australia.

Cognizant Technology Solutions Corporation rose 1.06% in after-hours trading, following the announcement of a five-year strategic engagement with Temenos to develop and market Temenos Country Model Bank in Australia. This partnership aims to drive banking modernization by providing pre-configured, regionalized banking functionality that reduces cost and risk for Australian financial institutions.