- Nike Inc (NYSE:NKE) has signed an agreement with Cognizant Technology Solutions Corp (NASDAQ:CTSH) to assist its customers and employees with technical support needs. The financial terms of the arrangement were not disclosed.
- Building on the companies’ 14-year history of collaboration, the new five-year agreement will consolidate several of Nike’s existing IT support functions with Cognizant, serving Nike across 230+ locations in more than 40 countries.
- Cognizant will offer onsite and remote support across locations worldwide for resolving all hardware issues for employees, from laptops to work phones.
- Cognizant will also provide engineering and backend solutions for all of Nike’s enterprise-wide applications, including mobile apps, computer software, and Nike.com.
- Price Action: NKE shares are trading lower by 1.07% at $125.71 on the last check Tuesday.
Friday’s Jobs Report Could Rock Your Portfolio: If It’s Bad, It Might Just Be Good
This week's U.S. jobs report could be a signal for what's to come from the Federal Reserve later this month.
What To Know: The U.S. jobs report, which is due at 8:30 a.m. Friday morning, will be closely watched, as it has the potential to shift the sentiment of Fed officials ahead of the upcoming policy meeting in mid-September.
