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.
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.
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.
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.
IT services major Cognizant Technology Solutions Corporation is strengthening its capabilities in the life sciences segment by acquiring New Jersey-based marketRx, provider of analytics and software services to global life sciences companies, for $135 million.
In the last two years we have been growing faster than the rest of the industry. That's why our appetite for more people to serve our customers is very high now, says Cognizant CEO Lakshmi Narayanan.
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.
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
The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
Cognizant Technology Solutions invites Science graduates and post-graduates to join their work force.
Quarterly revenue from Europe rose 35 per cent, the strongest growth since the company started breaking out revenue by region two years ago.
The acquisition has opened a market to 245,000 healthcare providers, 350 payers (insurance firms) and 180 million lives.
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.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
Educational institutes feel the pain as hiring roughly 50% of usual this year.
Firm to prune domestic costs through initiatives such as voluntary separation
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
When you go to US B-schools, you find that most of the student getting high GPAs are Indians. So, we had to do a different mix in order to make sure we had a good mix of people.
Ganesh Natarajan, deputy chairman and managing director, Zensar Technologies Limited has been appointed vice chairman, Nasscom for the current year.
Infosys, TCS, Wipro, Cognizant and Satyam and Bharti Tele-Ventures figure in the elite list.
The Indian Institute of Management, Kozhikode, invites industry delegates and management students to attend its annual IT Management seminar, AIMS 2006.
Walmart has selected three IT vendors in India -- Infosys Technologies, Cognizant Technology Solutions and UST Global -- for multi-year contracts worth over $600 million (around Rs 2,750 crore).
Four developers, including L&T Chennai Projects and Welspun Anjar, have approached the Commerce Ministry to surrender their IT and textile zones respectively.
'4 lakh to 5 lakh people graduating in computer science getting jobs in software companies will not happen.'
Indian American and Indian entrepreneurs believe the West Bengal government, which is projecting the state as an ideal investment destination for information technology and hi-tech industries, has to go a long way before it can become India's number one hub for such industries.
With top IT destinations including Bangalore and Mumbai facing infrastructure problems, Coimbatore is slowly emerging as a preferred destination for leading information technology firms among second-rung cities.
At a recent meeting, the Board of Approval headed by Commerce Secretary S R Rao, also allowed three SEZ developers to surrender their project.
Three Indians are among 40 recipients of Securities and Investment Institute awards, organised by the London Stock Exchange members for those in the investment industry.
Praising them for "being forthright and transparent with shareholders", a magazine has named three India-origin chief executives-- Indra Nooyi, Francisco D'Souza and Ramani Ayer among the best CEOs in the US.
Leading Indian and global information technology firms such as Tata Consultancy Services (TCS), Cognizant Technology Solutions, IBM, Satyam Computer Services and Wipro top the list of L visa users for the financial year 2006-07.
