Cognizant vs Deloitte

Cognizant Selected by SITA for AI-Led Cloud Finance Transformation

Cognizant (Nasdaq: CTSH) has been selected by SITA, a leading air transport technology provider, as the implementation partner for SITA's SKY program. This enterprise-wide, finance-led initiative aims to implement a modern cloud platform for finance, procurement, and supply chain processes across SITA's global operations in over 200 countries, using Oracle Fusion Cloud as the core ERP. Cognizant will apply its AI-first approach, leveraging expertise from more than 800 cloud ERP projects and custom agents built on its agentic AI capabilities to automate and enhance planning, forecasting, and everyday financial activities. The partnership is designed to transform SITA's finance function into a strategic, growth-oriented partner, optimizing resources and accelerating decision-making, with the announcement made on October 6, 2026.

• Cognizant selected as partner for SITA's SKY program for finance transformation (announced Oct 6, 2026).
• Initiative implements cloud ERP for finance, procurement, and supply chain across 200+ countries.
• Oracle Fusion Cloud serves as the core ERP platform.

10-Q Financial Filing Analysis for Cognizant (2026-07-29)

Cognizant Technology Solutions reported financial results for Q2 2026, delivering quarterly revenues of $5.48 billion, representing a 4.5% year-over-year increase (4.1% in constant currency). Revenue expansion was supported by large deal ramp-ups, growing demand in AI, analytics, and intuitive operations, as well as inorganic contributions from recent acquisitions including 3Cloud and Astreya Partners. Operating income grew 7.0% year-over-year to $874 million, yielding an operating margin of 15.9%, bolstered by operational efficiencies and foreign currency tailwinds, offset by compensation increases and dilution from acquisitions. During the quarter, Cognizant launched 'Project Leap', a multi-faceted restructuring initiative designed to accelerate AI-enabled delivery and optimize workforce productivity, incurring $84 million in restructuring charges with anticipated total program costs of $230 million to $320 million in 2026. This was counterbalanced by an $81 million reversal of an India Defined Contribution Obligation liability. The company also returned substantial capital to shareholders, repurchasing $1.15 billion in Class A common stock during the quarter.

• Q2 2026 revenues reached $5,481 million, up 4.5% YoY (4.1% constant currency), driven by strong Financial Services growth of 12.0% YoY to $1,733 million.
• GAAP operating income increased to $874 million (15.9% margin), impacted by $84 million in Project Leap restructuring costs and an offsetting $81 million SG&A benefit from the reversal of an Indian labor obligation liability.
• Capital allocation remained aggressive with $1.153 billion deployed into share repurchases in Q2 ($500 million via ASR) and completion of the Astreya acquisition for $634 million net of cash acquired, supported by drawing $1.0 billion on the revolving credit facility.

Cognizant and Cognition put autonomous AI engineering into production at Odyssey Logistics, with a 37 percent net cost saving

Cognizant and Cognition have deployed autonomous AI engineering at Odyssey Logistics, achieving a 37 percent net cost saving. This marks a significant production deployment of autonomous AI in logistics.

Retailers can boost holiday checkout joy with relevant offers

This sponsored article by Rokt discusses how retailers can enhance the holiday checkout experience by presenting relevant partner offers and rewards invitations after purchase confirmation. It emphasizes timing, restraint, and relevance, suggesting that offers should not relate directly to purchased items but rather to customer interests. Retailers are advised to measure value beyond conversion, including customer feedback and repeat purchasing, while advertisers should focus on incremental customer acquisition. The article cites Deloitte's forecast of U.S. holiday ecommerce sales of $316.1–$318.9 billion for November 2026–January 2027.

• Deloitte forecasts U.S. holiday ecommerce sales of $316.1–$318.9 billion for November 2026–January 2027.
• Rokt published sponsored content on Retail Dive on October 5, 2026.
• Article advises retailers to present relevant partner offers and rewards invitations after purchase confirmation.

Zalando and ERGO Transform Video Production with Google AI

At the YouTube Festival 2026, Lounge by Zalando and ERGO showcased how they leverage Google AI to revolutionize video production. Lounge by Zalando halved its production time for the Black Friday 2025 campaign using Veo 3 and Imagen 3, reducing it from three months to 1.5 months. ERGO is piloting an 'Agentic Gen AI Marketing Engine' with Deloitte and Google, which automates the creation of localized YouTube video ads from simple inputs. The engine generates up to 50 assets per month, a 20-fold increase, and cuts production time from weeks to days. Both companies emphasize maintaining brand identity and human oversight. YouTube's higher ROI compared to linear TV (90%) and paid social (70%) drives budget shifts, according to studies by Ekimetrics and Nielsen.

• Lounge by Zalando reduced campaign production time from 3 months to 1.5 months using Google AI (Veo 3, Imagen 3).
• ERGO is piloting an 'Agentic Gen AI Marketing Engine' with Deloitte and Google to automate YouTube video creation.
• The ERGO engine can produce up to 50 video assets per month, a 20-fold increase from current levels.

Gentoo Media Secures EUR 100M Refinancing Package

Gentoo Media Inc., a Nasdaq Stockholm-listed affiliate marketing company for the iGaming industry, has announced a comprehensive refinancing plan to replace its EUR 91.5 million bonds maturing in December 2026. The plan includes a EUR 50 million senior secured term loan from Fundacja Zbigniewa Juroszka Fundacja Rodzinna (ZJF), a major shareholder, and a directed share issue of up to EUR 50 million, fully underwritten by backstop providers including ZJF, MJ Foundation, and Betplay Capital. The combined proceeds will also partially repay the company's revolving credit facility. The refinancing is intended to reduce debt, provide flexibility for capital returns, and is backed by a fairness opinion from Deloitte Malta. The loan bears interest at EURIBOR 3M plus 7.50%, matures in 2029, and can be prepaid without penalty. The share issue is planned for Q4 2026, subject to EGM approval.

• Gentoo Media secured a EUR 50 million senior secured loan from ZJF and underwriting commitments for a EUR 50 million share issue.
• The refinancing package totals EUR 100 million, exceeding the outstanding bonds of approximately EUR 91.5 million.
• The loan bears interest at EURIBOR 3M plus 7.50% per annum and matures on 18 December 2029.