Philips and Cognizant ink digital health solutions collaboration

  • Philips (NYSE:PHG) and Cognizant (NASDAQ:CTSH) announce a new collaboration to develop end-to-end digital health solutions to improve patient care and accelerate clinical trials.
  • The strategic alliance brings together Philips HealthSuite, a cloud-based platform and Cognizant 's digital engineering expertise to deliver and maintain leading-edge digital health solutions at scale.
  • As part of the collaboration, Cognizant will build, deploy, implement, and operate client-specific applications on Philips HealthSuite.

    Over the current book year the total revenue from the company in Amsterdam will be 17.96 billion euros (consensus estimates). This is slightly lower than 2021's revenue of 19.54 billion euros.

    Historical revenues and results Philips plus estimates 2021

    aandelenanalyse

    The analysts expect for 2021 a net profit of 1.66 billion euros. For this year the consensus of the result per share is a profit of 1.84 euros. Based on this the price/earnings-ratio is 21.32.

    Per share the analysts anticipate on a dividend of 89 cents per share. Thus the dividend yield equals 2.27 percent. The average dividend yield of the electronics companies is an attractive 2.48 percent.

    Newest target prices around 45 euros

    The latest 3 recommendations for the electronics company were provided by Citigroup , Deutsche Bank and Independent Research.

    Philips 's market capitalization is around 35.66 billion euros. -12

    Historical stock prices Philips

    financial analysis philips

    At 17.35 the stock trades 0.38 percent higher at 39.23 euros.

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