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    Cognizant Technology Solutions Corp

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    • US fines Cognizant, charges two ex-officials in India bribery case

      The US Department of Justice said former president Gordon Coburn and former chief legal officer Steven Schwartz were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses.

    • Cognizant quarterly revenue beats estimates, appoints Brian Humphries as CEO

      The company also said Francisco D'Souza, its chief executive officer since 2007, will give up the role and become executive vice chairman. Brian Humphries, CEO of Vodafone Business, will replace D'Souza, effective April 1.

    • Cognizant Q1 net narrowly beats estimates, up 26% to $557 mn

      IT services provider Cognizant Technology Solutions Corp reported a quarterly profit that edged past analysts' estimates on continued demand from its healthcare and financial clients.

    • Cognizant Q2 net dips 40% to $252.4 mn on higher tax provision

      However, the company's net income fell to USD 252.4 million, or 41 cents per share, in the quarter ended June 30 from USD 420.1 million, or 68 cents per share, a year earlier.

    • Cognizant Q1 net up 15%, revenue to grow 10-13% in FY16

      Cognizant has lowered its revenue forecast for the fiscal 2016 to be in the range of USD 13.65-14 billion from its earlier estimate of USD 13.65-14.2 billion.

    • TCS joins auction for Dell's Perot Systems: Sources

      The company had been interested in acquiring the company since last year, but re-emerged as a bidder in the last few days, the people said, asking not to be named because the matter is private.

    • Tech Mahindra to set up healthcare unit with $94 mn deal

      Under the new deal, Tech Mahindra, which gets about 10 percent of its sales from healthcare clients now, will develop technologies for patient care and operational delivery, and reduce costs for the UK firm, CircleHealth CEO Steve Melton said.

    • Cognizant revenue rises 20%

      The company's net profit rose to USD 382.9 million, or 62 cents per share, for the first quarter ended March 31 from USD 348.9 million, or 57 cents per share, a year earlier.

    • Cognizant profit rises as customers spend on IT, consulting

      Instability in Europe has forced companies there to cut costs by outsourcing. Cognizant, which operates on lower margins than its rivals, has been able to win a larger share of the business.

    • Cognizant reports quarterly profit rise of 16%

      IT services company Cognizant Technology Solutions Corp reported a higher quarterly profit as revenue from financial services clients jumped 20 percent.

    • Cognizant quarterly profit rises 22%

      Cognizant Technology Solutions Corp reported a 22 percent rise in quarterly profit as revenue rose 18 percent.

    • IT stocks hit by TCS downgrade, Cognizant

      Worries about earnings hit Indian software services exporters, which weighed on the the main index. TCS falls 4% after JPMorgan downgraded it to 'neutral' from 'overweight' saying the stock price was now 'fully valued' at current 19 time forward fiscal 2013 earnings.

    • iGate faces battle over Indian unit delisting plan

      iGate Corp's plan to delist its Indian subsidiary has set the stage for a battle next week with shareholders, who fear that the price being offered to sell their shares in Patni Computer Systems is too low.

    • Cognizant Q3 profit beats Street view, ups FY11 guidance

      US-based Cognizant Technology Solutions Corp posted third-quarter profit ahead of Wall Street estimates, helped by growth across all its business units.

    • Cognizant Q2 beats market estimates, sees upbeat Q3

      IT services provider Cognizant Technology Solutions Corp posted quarterly profit ahead of analysts' estimates, helped by strong demand for its services, and forecast third quarter above market expectations.

    • Expect operating margins of 19-20% in Q2: Cognizant

      IT services provider Cognizant Technology Solutions Corp has announced first quarter CY12 results. The company's Q1 net revenue were up 4.6% at USD 1.37 billion, quarter-on-quarter, QoQ. Its net profit was up 1% at USD 208.3 million, QoQ.

    • Cognizant posts Q4 profit jumps; sees strong FY11

      IT services provider Cognizant Technology Solutions Corp posted a 43% jump in quarterly profit helped by strong demand, and forecast a strong 2011.

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