Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
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.
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 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.
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.
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.
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.
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.
An FIR has been lodged against 10 named and 200 unidentified individuals in connection with a clash and stone-pelting incident during a religious procession in Jharkhand's Hazaribag. The clash, involving two communities, broke out over the playing of an objectionable song. Police fired two rounds into the air to control the situation. The incident led to uproarious scenes in the Jharkhand Assembly with BJP MLAs demanding action against the perpetrators.
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.
Quarterly revenue from Europe rose 35 per cent, the strongest growth since the company started breaking out revenue by region two years ago.
Indian Overseas Congress chief Sam Pitroda on Thursday said he was invited to speak at an Indian Institute of Technology-Roorkee event via a video link when just minutes after his speech, a hacker infiltrated and began streaming explicit, inappropriate content.
Indian IT firm Cognizant Technologies Corporation started trading at the Nasdaq exchange in New York on March 5.
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 acquisition has opened a market to 245,000 healthcare providers, 350 payers (insurance firms) and 180 million lives.
Leading software outsourcing firm Cognizant Technology on Tuesday reported a 15.4 per cent rise in net profit at $319.6 million in the quarter to September driven by a strong ramp up in demand for outsourcing services, up from $276.9 million a year ago.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
Nasdaq-listed information technology (IT) services firm Cognizant will incur the cost of $400 million over two years as it sets to restructure its operations amid sluggish growth rates. Its NextGen Program aims at simplifying the operating model, optimising corporate functions, and consolidating and realigning office space to reflect a post-pandemic hybrid work environment. As part of this structural shift, Cognizant will eliminate 80,000 seats, or 11 million square feet of real estate in large cities in India.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances