IT major Cognizant Technology Solutions said on Friday that its development centre in China was expected to get legal status by August-end and the operations would be headed by Henry Yang, a Chinese native.
In the first phase, 400 professionals would be recruited and trained for the 37,000 square feet new facility housed at the special economic zone notified Muthoot IT park, Cognizant Vice-Chairman Lakshmi Narayanan told reporters in Koch.
Refining its inorganic growth strategy further after carrying out acquisitions in consulting and analytics areas down the years, Cognizant Technology Solutions is understood to be scouting for business process outsourcing firms specialising in insurance in the US and Europe.
'Perhaps unlike any previous era of software, this one requires a rethink in even the lifecycle of how we build.'
Though domestic IT majors like Infosys Technologies, Tata Consultancy Services and HCL Technologies painted a gloomy picture of the IT sector in the coming quarters, technology bellwether Cognizant Technology Solutions and Genpact, India's largest Business Process Outsourcing firm, not only posted better results but have also given decent guidance to the markets.
Nasdaq-listed Cognizant Technology Solutions, which did not complete the due diligence process for Satyam Computer Services, is understood to be back in the race to acquire the troubled software company.
Leading IT services provider Cognizant Technology Solutions Corp plans to build three more fully-owned technocomplexes covering over 600,000 sq feet area for its 6,500 employees
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
IT and business process outsourcing services provider Cognizant Technology Solutions Corporation has expanded its share repurchase programme to $200 million.
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
The new facility of Cognizant Technology Solutions, a leading global IT offshore services provider, at Coimbatore is set to go operational soon, a senior company official said.
Francisco D' Souza, president and chief executive of Cognizant Technology Solutions (earlier called Dun and Bradstreet Satyam Software), believes Asia and Latin America would be the nearly $3-billion New Jersey-based offshore IT service major's focus areas of growth.
The fee hike for the US H-1B visa by the Donald Trump administration has no short-term impact on Tata Technologies Ltd, although it will change resourcing plans for the future, according to its CEO and managing director, Warren Harris.
The company owns 12 of 45 facilities it has in India and around 75 per cent of its global headcount of 2,44,300 is based in the country
IT services major Cognizant Technology Solutions has said it would hire 6,500 people in the next nine months and announced that its Chinese centre would start operations in April.
IT majors Cognizant Technology Services and Polaris Sofware Lab are looking at ramping up their Toronto operations as part of a strategy to use Canada as a near-shore option for clients in the US.
The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
2025 has seen a sharp rise in lawsuits targeting IT services and consulting companies, which now increasingly offer proprietary digital platforms and cloud services.
Information technology services company Cognizant Technology Solutions on Monday met its revenue guidance given for the quarter ended March 30 and projected its April-June revenues to cross those of Infosys, something long anticipated in industry circles.
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
Eighteen American information technology professionals have filed a civil lawsuit against its former employer, Cognizant, for replacing them with people from India who were hired by the IT major on H-1B visas.
Chennai-based Cognizant Technology Solutions is to invest about Rs 185 crore (Rs 1.85 billion) on expansion of its facilities in the country this year, a top executive of the company said on Monday.
Nasdaq-listed Cognizant Technology Solutions on Monday announced Rs 115 crore investments in Chennai for setting up a training academy and two software development blocks, which can accommodate 3,500 employees.
BoA has given formal approval to 15 special economic zones, including those of TCS and Cognizant, and in-principle nod to five, Commerce Secretary and BoA Chairman G K Pillai told reporters after the meeting in New Delhi.
Software firm Cognizant Technology Solutions will be recruiting about 18,000 IT professionals before the year end in addition to the present 38,000 workforce, a top company official said on Saturday.
The board of directors of Cognizant Technology Solutions Corporation, a leading provider of information technology services, has declared a two-for-one stock split on its capital stock in the form of a stock dividend.
The Andhra Pradesh government on Wednesday ratified the allotment of 40 acres of land to Cognizant Technology Solutions India Pvt Ltd and 75 acres to Tata Consultancy Services at Adibatla on the outskirts of Hyderabad
Cognizant Technology Solutions Corporation has posted a 57 per cent increase in revenue at $285.50 million in the first quarter of 2006, as against $181.70 million during the corresponding period last year.
