McDonald's, which operates over 40,000 locations in more than 100 countries, values the partnership for its role in streamlining enterprise applications and advancing its cloud journey. With impressive last twelve-month revenues of $25.9 billion and a strong gross profit margin of 56.6%, the company continues to demonstrate operational excellence. "Cognizant (NASDAQ:CTSH) brings a rich history across our enterprise and deep expertise in global finance and people systems that enabled us to focus on our core mission of delivering delicious food and exceptional customer experiences," said JT Scott, Vice President of Global Technology Enterprise Products & Platforms at McDonald's. Discover more detailed financial metrics and 8 additional exclusive ProTips with InvestingPro's comprehensive research report.
Cognizant will continue to assist McDonald's in key enterprise areas such as Global Finance Systems and Human Capital Management. These areas include payroll processing, franchisee management, master data management, and legal applications. "The continuity of this partnership is a testament to our mutual commitment to leveraging technology and driving business success," said Anup Prasad, Senior Vice President and Head of the Consumer Business Unit at Cognizant.
The partnership aims to utilize Cognizant's expertise in digital engineering, quality assurance services, and innovations in Cloud, Enterprise AI, and Generative AI. These technological advancements are supported by the company's deep domain knowledge in the Food Services industry.
McDonald's, which operates over 40,000 locations in more than 100 countries, values the partnership for its role in streamlining enterprise applications and advancing its cloud journey. "Cognizant brings a rich history across our enterprise and deep expertise in global finance and people systems that enabled us to focus on our core mission of delivering delicious food and exceptional customer experiences," said JT Scott, Vice President of Global Technology Enterprise Products & Platforms at McDonald's.
The extended agreement underscores both companies' commitment to technological innovation and excellence, aiming to enhance customer success in the restaurant industry. The information for this article is based on a press release statement.
In other recent news, McDonald's Corporation (NYSE:MCD) has been the subject of several key updates. Morgan Stanley (NYSE:MS) maintained its Overweight rating on McDonald's shares, albeit with a slightly reduced price target of $336.00, following a review of the company's performance and future outlook. Analysts at the firm believe that McDonald's stands out among its quick-service restaurant peers and expect the company to exhibit stronger comparable sales compared to its main competitors.
The company also announced the upcoming retirement of board member John J. Mulligan, set to take effect at the 2025 Annual Shareholders' Meeting. This development comes without any indication of disagreements with the company's operations, policies, or practices.
Loop Capital maintained its Buy rating on McDonald's stock, despite a slight underperformance in same-store sales growth in the fourth quarter of 2024. Similarly, BMO Capital Markets spotlighted McDonald's as a top restaurant stock pick for 2025, due to its potential for strong sales growth and market outperformance.
Bernstein, a market analysis firm, recognized McDonald's for its value propositions and industry performance, even as it advised caution regarding restaurant concepts with significant international exposure. Lastly, Piper Sandler maintained its neutral stance on McDonald's, acknowledging steady growth and a solid dividend yield. These are the recent developments surrounding McDonald's Corporation.
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