The week started off quietly, but ended with a boom. Financial markets worldwide toppled towards the end of the week due to fears of a global recession. But the US took a big hit on Friday, with S&P downgrading its credit rating.
For almost two years now we’ve been hearing how Cognizant is closing the gap with Wipro. In January when Mr Premji dismantled the co-CEO model at Wipro, this was cited as one of the reasons for asking the two CEOs to go.
Francisco D’Souza, president and chief executive officer of Cognizant, joins CNBC-TV18 to discuss the quarterly figures of the company and show the way forward for the IT player.
Top 200 IT companies in the country like TCS, Infosys, HP and Cognizant logged a combined revenue of USD 84 billion (Rs 3,84,250 crore) in FY'11, growing at 25% over the last year, a study today said.
The top 200 IT companies in India logged a combined revenue of USD 84 billion (Rs 384,250 crore) to achieve an average growth rate of 25% in 2010-11, the highest in the past four years, according to a survey.
Cognizant, a leading provider of information technology, consulting, and business process outsourcing services, would acquire India-based captive operations of CoreLogic Global Services for USD 50 million.
Shashi Bhusan is bullish on HCL Tech and Infosys and expects them to outperform some of the larger peers. He prefers Polaris and MindTree in the midcap space and Persistent Systems in smallcap.
Under N Chandrasekaran's watch, the company is more visible, more aggressive. The challenge now is to make sure it remains out of rivals' crosshairs.
Basab Pradhan who used to head global sales for IT major Infosys is all set to make a comeback. The move is part of a new team that CEO designate D Shibulal is looking to put together to pull up growth, CNBC-TV18’s Sunanda Jayaseelan reports.
Cognizant has announced first quarter results. The company's Q1 net revenue were up 4.6% at USD 1.37 billion, quarter-on-quarter, QoQ.
Kawaljeet Saluja, Analyst, Kotak Securities and Sudin Apte, CEO and Principle Analyst, Offshore Insights, in an interview on CNBC-TV18 spoke about Infosys and the impact it had on the market on Friday.
After a big rally on Friday, it’s been a quiet start for most global markets this week. Where is the market headed from hereon? Sanjeev Prasad, ED and Company Head, Kotak Institutional Equities, tells CNBC-TV18 he expects sectors like banking, energy and especially, IT to perform.
Indian software firms are looking for acquisitions as they build capabilities in key business segments and geographies to take advantage of the gradual recovery in technology spending globally.
Cognizant has reported net profit of USD 733.5 million, a growth of 37.1% on year-on-year basis.
Wipro failed to call the rebound in the global economy and underperformed its rivals in software outsourcing. Azim Premji held the co-CEO model responsible