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Cognizant

Cognizant files lawsuit against Infosys over trade secrets; Infosys denies allegations

Cognizant files lawsuit against Infosys over trade secrets; Infosys denies allegations

Sat, Aug 24, 2024

Further, it has reportedly alleged that Infosys created software to extract data from QNXT, that contained confidential TriZetto information.

Entry-level annual pay for engineers at Rs 4-12 lakh, best in industry: Cognizant

Entry-level annual pay for engineers at Rs 4-12 lakh, best in industry: Cognizant

Sun, Aug 18, 2024

Cognizant hires non-engineering undergraduate degree holders for administrative and other roles and invests substantial time and money in upgrading their skills and IT training, after which they get absorbed in various roles.

Cognizant expands India footprint with first Indore facility

Cognizant expands India footprint with first Indore facility

Tue, Aug 13, 2024

The centre, spread over 46,000 square feet in Indore, was inaugurated by Madhya Pradesh Chief Minister Mohan Yadav.

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Cognizant bribery case: Pune court directs Anti-Corruption Bureau of Maharashtra Police to probe allegations against IT major

Cognizant bribery case: Pune court directs Anti-Corruption Bureau of Maharashtra Police to probe allegations against IT major

Fri, Apr 26, 2024

The complaint relied on proceedings of the Securities Exchange Commission (SEC) of the USA against Cognizant Technology Private Ltd's parent firm Cognizant Technology Solutions Corporation, USA regarding alleged bribing and violation of the Foreign Corrupt Practices Act (FCPA).

Cognizant, Microsoft collaborate to boost GenAI adoption

Cognizant, Microsoft collaborate to boost GenAI adoption

Mon, Apr 22, 2024

The partnership will use Microsoft Copilot and Cognizant's advisory and digital transformation services to help employees and enterprise customers operationalise generative AI and realise strategic business transformation, a company statement said.

Cognizant asks India employees to work from office thrice a week, internal memo shows

Cognizant asks India employees to work from office thrice a week, internal memo shows

Sat, Mar 02, 2024

Cognizant CEO Ravi Kumar S said in a memo last week that all India associates are "expected to be in the office an average of three days per week, or as defined by their team leader," without shedding light on the move's effective date.

Wipro files lawsuit against ex-CFO in Bengaluru court, Jatin Dalal seeks arbitration

Wipro files lawsuit against ex-CFO in Bengaluru court, Jatin Dalal seeks arbitration

Wed, Dec 27, 2023

The Bengaluru-based corporate giant Wipro has filed a lawsuit against its former Chief Finance Officer (CFO), Jatin Dalal, in the Bengaluru Civil Court. In turn, Dalal, presently with Cognizant as CFO, has submitted an application to the court requesting arbitration.

Cognizant forecasts quarterly revenue below estimates on weak corporate spending

Cognizant forecasts quarterly revenue below estimates on weak corporate spending

Fri, Nov 03, 2023

The Teaneck, New Jersey-based company expects current-quarter revenue between $4.69 billion and $4.82 billion, compared with market estimates of $4.86 billion, according to LSEG data.

Cognizant projects revenue above estimates, CFO to retire in 2024

Cognizant projects revenue above estimates, CFO to retire in 2024

Thu, Aug 03, 2023

Cognizant Technology Solutions (CTSH.O) forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending its shares up more than 6 per cent after the bell.

Accenture signals more pain for IT industry with disappointing forecast

Accenture signals more pain for IT industry with disappointing forecast

Fri, Jun 23, 2023

Accenture fanned concerns about dwindling IT spending on Thursday with a quarterly revenue forecast that was below Wall Street estimates, sending its shares down more than 5%.

Cognizant, Microsoft to offer Cloud-based healthcare solutions

Cognizant, Microsoft to offer Cloud-based healthcare solutions

Fri, Apr 07, 2023

TriZetto offers a portfolio of software solutions that help organisations enhance revenue growth, drive administrative efficiency, improve cost and quality of care, and improve the member and patient experience.

Cognizant Q3 income rises to $544mn, expects to make offers to 45,000 new graduates in India in Q4

Cognizant Q3 income rises to $544mn, expects to make offers to 45,000 new graduates in India in Q4

Thu, Oct 28, 2021

IT major Cognizant has reported about 56.3 per cent rise in September quarter net income at USD 544 million (around Rs 4,073.2 crore).

Cognizant to give two-third of India staff 25 pct extra payment over base salary for April

Cognizant to give two-third of India staff 25 pct extra payment over base salary for April

Fri, Mar 27, 2020

IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the COVID-19 outbreak

Former Cognizant exec Debashis Chatterjee appointed as new CEO & MD of Mindtree

Former Cognizant exec Debashis Chatterjee appointed as new CEO & MD of Mindtree

Fri, Aug 02, 2019

The former Cognizant executive Debashis Chatterjee has been appointed as the new chief executive officer and managing director (CEO and MD) of the IT services firm Mindtree Ltd. The announcement was made on Friday afternoon. In another high profile appointment, Larsen & Toubro's (L&T) Chief Executive Officer and Managing Director S N Subrahmanyan was appointed as company's new non-Executive Vice-Chairman.

Good news for job aspirants! Cognizant to offer higher pay package to entry-level engineers

Good news for job aspirants! Cognizant to offer higher pay package to entry-level engineers

Wed, May 29, 2019

Cognizant, which gets about 33 per cent of its revenue from digital solutions, has been actively hiring from Indian Institutes of Technology (IITs) and has made more than 500 offers in IITs across India in the last three years.

Facebook admits it needs to do more for content reviewers; This is why

Facebook admits it needs to do more for content reviewers; This is why

Wed, Feb 27, 2019

For its content review, Facebook has partnerships with companies like Accenture, Cognizant and Genpact. Majority of the people in content review teams work at sites managed by these partners.

Cognizant sees weak fourth quarter as financial services growth drags

Cognizant sees weak fourth quarter as financial services growth drags

Tue, Oct 30, 2018

Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates. Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates.

Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared

Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared

Mon, Oct 15, 2018

As demands for skilled hands in cloud computing, data analytics and digital technologies are increasing, salaries for engineers in IT companies have soared as much as 40 per cent.

Warning bell! Why Cognizant fired 200 senior employees

Warning bell! Why Cognizant fired 200 senior employees

Wed, Oct 10, 2018

IT major Cognizant Technology Solutions (CTS) has reportedly laid off around 200 senior employees this year.

Cognizant Q1 profit declines 6.6% to USD 520 million

Cognizant Q1 profit declines 6.6% to USD 520 million

Mon, May 07, 2018

IT firm Cognizant today said its net profit declined 6.6 per cent to USD 520 million for the quarter ended March 2018. This is against a net profit of USD 557 million, or 92 cents per share, registered by the company in the year-ago period, Cognizant said in a statement.

Court orders tax dept to lift freeze on Cognizant's funds

Court orders tax dept to lift freeze on Cognizant's funds

Wed, Apr 04, 2018

IT services company Cognizant Technology Solutions Corpsaid on Tuesday court had granted the company`s application to lift the Indian income tax department`s freeze on its bank accounts.

This is why Cognizant accounts were frozen by Indian taxman in major crackdown

This is why Cognizant accounts were frozen by Indian taxman in major crackdown

Wed, Mar 28, 2018

According to Cognizant, it paid all applicable taxes related to its buyback transaction in 2016 and the Indian Income Tax Department's (ITD) position is "contrary to law and without merit".

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Cognizant bank accounts frozen; here is why Income Tax department launched crackdown

Wed, Mar 28, 2018

Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.

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