Buoyed by the second quarter results, the Nasdaq-listed Cognizant Technology Solutions has announced its plans to hire 5,000 people by the year-end, thus taking the company's total headcount to 14,000.
India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by US Senators for filing thousands of H-1B skilled labour visa petitions after conducting "mass layoffs" of American employees.
The 15-year agreement will see Infosys develop a next-generation, data-driven workforce management platform to replace the existing electronic staff record (ESR) system, which annually manages a 55 billion payroll for 1.9 million NHS employees.
Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
Nasdaq-listed IT company Cognizant Technology Solutions Corp on Tuesday announced the acquisition of Pepperweed Advisors, the IT consulting services division of US-based Pepperweed Consulting, for an undisclosed sum.
Cognizant, an IT service provider,plans to start operations in Hungary and Philippines. The company is also considering expanding to Europe.
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
Leading IT service provider, Cognizant Technology Solutions is looking at India as a talent pool for global market, a senior company official said on Wednesday.
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
Adding another feather to its cap, IT major Cognizant has joined the prestigious league of Fortune 500 companies.
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.
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.
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
IT and business process outsourcing services provider Cognizant Technology Solutions Corporation has expanded its share repurchase programme to $200 million.
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.
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
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.
Cognizant Technology Solutions has restructured its global growth markets (GGM) by appointing two internal leaders who will now share the responsibility. The move follows the exit of former GGM leader Rob Walker last month and is among the slew of leadership changes the company has seen in the recent past. GGM refers to the company's emerging markets outside of North America.
Cognizant Technology Solutions is infusing generative artificial intelligence (GenAI) into all its core offerings, chief executive Ravi Kumar S wrote in an internal note to its employees. Cognizant has 351,500 employees, a majority of whom are in India. Kumar cited the example of a GenAI-enabled conversational virtual assistant (VA) that Cognizant has introduced to help clients reimagine experiences beyond chatbots.
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.
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.
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.
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.
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.
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
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances