The mix of direct college hires and experienced professionals in global information technology major Cognizant Technology has witnessed a change in the recent past.
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.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.
In a chat with Shivani Shinde, Cognizant vice-chairman Lakshmi Narayanan explained the rationale behind the current acquisition and the way ahead.
The protesting students claimed that the deceased was suffering from health issues and was disturbed mentally after he was marked for failed attendance.
Cognizant is one of the largest employers in the region.
In the ongoing saga of senior management resignations, Wipro announced on Monday that its chief technology officer (CTO) Subha Tatavarti has resigned. Her resignation will be effective from August 16, 2024. In a regulatory filing, the company said: "Subha Tatavarti, CTO, resigned from the services of the company to pursue opportunities outside Wipro."
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
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.
Cognizant Foundation, the corporate social responsibility arm of Cognizant, has extended a financial aid of approximately Rs 40 lakh (Rs 4 million) to Maharashtra-based non-governmental organisations.
In a viral video of the court proceedings, the judge was seen reprimanding a woman lawyer on Thursday and reportedly made some objectionable comments.
Hiring during a recession and leveraging a stable succession gameplan are just a few amongst many other things that this firm did right.
Cognizant derived 41 per cent of its revenues from financial services.
Buoyed by stellar earnings in the September quarter, IT firm Cognizant said it will offer promotions for its employees at all levels up to managers.
It was in 2008 that the company entered in the Fortune 1000 ranking at 859th position. In three years, it has ascended 375 places to find a place in the prestigious Fortune 500 ranking.
India's GDP is likely to grow at 6.5 to 7 per cent in the current fiscal year amid global challenges which may impact exports, said Economic Survey 2023-24 tabled in Parliament on Monday. The growth projected for 2024-25 is lower than the economic growth rate of 8.2 per cent estimated for the previous financial year. The Reserve Bank has projected the GDP growth for the fiscal year ending March 2025 at 7.2 per cent.
IT services firm Cognizant on Wednesday posted 12.9 per cent increase in net profit to $420.1 million for the second quarter this year, revising revenue growth guidance to 20.1 per cent for the fiscal.
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.
Quarterly revenue from Europe rose 35 per cent, the strongest growth since the company started breaking out revenue by region two years ago.
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
The acquisition has opened a market to 245,000 healthcare providers, 350 payers (insurance firms) and 180 million lives.
Nasdaq-listed IT firm Cognizant on Wednesday said it will pay its senior executives 100 per cent performance-linked stock options if the company's revenues touch $8.51 billion in fiscal year 2013.
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.
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.
A division bench of Justices Gautam Patel and Kamal Khata took suo motu cognizance of the tragic incident and initiated a public interest litigation on the issue.
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
Size of targeted firms for M&As increases from $10-20 mn to $80-100 mn.
The implementation of this toll collection system, which will eventually eradicate toll booths, necessitates the fitting of an on-board unit (OBU) in every vehicle that can track a vehicle's location in real time.
The NCW said it strongly condemns the defamatory remarks and requests strict action against Moitra.
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
Elon Musk has announced that a massive DDoS attack hit his livestream with former United States President Donald Trump, forcing X owner to scale down the live audience.
IT and business process outsourcing services provider Cognizant Technology Solutions Corporation has expanded its share repurchase programme to $200 million.
The report indicates that the miscreants forcibly entered her house and physically assaulted her. Shockingly, they also snatched her infant daughter and callously threw her away, the commission said.
Deal to bolster firm's position in healthcare IT.
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