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  • Facebook contractor Cognizant to exit some content moderation businesses Oct 31, 2019 08:35 AM IST

    Facebook contractor Cognizant to exit some content moderation businesses

    The information technology services provider will also eliminate up to 7,000 jobs in its other units to invest in growth areas such as cloud and internet of things to cushion the impact from a decline in spending by its financial customers.

  • Can new CEO Brian Humphries restore Cognizant to its former glory? Oct 04, 2019 07:50 PM IST

    Can new CEO Brian Humphries restore Cognizant to its former glory?

    After Humphries took over in April, he took drastic measures to cut down costs and focus on growth.

  • Cognizant crosses 1-lakh women employees-mark, 75K of them in India Oct 01, 2019 08:38 PM IST

    Cognizant crosses 1-lakh women employees-mark, 75K of them in India

    Nearly 38 per cent or over 75,000 of Cognizant's India headcount consists of women professionals. Of the company's total base of 2.88 lakh employee, two lakh are located in India.

  • Expecting an increase in growth rates once talent's potential is unlocked: Cognizant CEO Sep 24, 2019 08:27 PM IST

    Expecting an increase in growth rates once talent's potential is unlocked: Cognizant CEO

    The company approved 500 head count additions to tap into a growth opportunity, Brian Humphries said in an interview to CNBC-TV 18.

  • Lower H1-B Visa approvals might be responsible for higher attrition rate in IT sector Sep 21, 2019 06:22 PM IST

    Lower H1-B Visa approvals might be responsible for higher attrition rate in IT sector

    IT service sector is known to be very competitive in general. Known for its large campus intakes, majority of employees in this sector hold bachelor's degrees. Multnational Corporations become attractive to junior employees if they see a possibility of small hikes and an opportunity to work overseas.

  • Ramkumar Ramamoorthy appointed as chairman, MD of Cognizant India Sep 17, 2019 09:23 AM IST

    Ramkumar Ramamoorthy appointed as chairman, MD of Cognizant India

    Ramamoorthy has been with Cognizant for over 21 years.

  • 'White collared slavery': Accenture, Cognizant dragged to court over long work hours, leave policy Sep 10, 2019 02:43 PM IST

    'White collared slavery': Accenture, Cognizant dragged to court over long work hours, leave policy

    Frustrated over bad leave policy and long working hours, the techies decided to drag IT giants Accenture and Cognizant to court.

  • Hiring hit as Cognizant undergoes restructuring; layoffs may touch hundreds: Report Aug 16, 2019 01:30 PM IST

    Hiring hit as Cognizant undergoes restructuring; layoffs may touch hundreds: Report

    The job cuts will affect a few hundred employees – mostly those with over eight years’ experience, as new CEO Brian Humphries looks to slash spends

  • Cognizant rationalising costs to re-invest in talent, expand digital solutions portfolio Aug 11, 2019 12:15 PM IST

    Cognizant rationalising costs to re-invest in talent, expand digital solutions portfolio

    The US-based company, which has a significant number of its headcount in India, said it took "targeted actions" at senior-level executives in the second quarter - a move that is expected to result in $65 million of annualised savings.

  • Madras HC dismisses Cognizant's plea challenging Rs 2,912 cr dividend distribution tax Jun 25, 2019 09:55 PM IST

    Madras HC dismisses Cognizant's plea challenging Rs 2,912 cr dividend distribution tax

    Justice K Kalyanasundaram granted liberty to the petitioner to raise all the issues before the Dispute Resolution Panel (DRP) within two weeks.

  • Cognizant planning more layoffs, mid-level employees in India may be worst hit: Report May 07, 2019 04:24 PM IST

    Cognizant planning more layoffs, mid-level employees in India may be worst hit: Report

    In 2017, it had given voluntary severance packages to 400 senior employees.

  • IT stocks trade lower as Cognizant cuts 2019 revenue guidance May 03, 2019 11:44 AM IST

    IT stocks trade lower as Cognizant cuts 2019 revenue guidance

    At 1121 hrs, the Nifty IT index was trading at 16,191.35, down 1.29 percent. All the constituent stocks are trading in the negative, with TCS being the biggest loser, down 2.05 percent

  • Cognizant net down 15% at $441 mn, cuts 2019 revenue guidance May 03, 2019 05:35 AM IST

    Cognizant net down 15% at $441 mn, cuts 2019 revenue guidance

    The company's reliance on financial services sector has been weighing on its overall revenue growth.

  • Cognizant acquires fintech software firm Meritsoft Mar 05, 2019 09:10 PM IST

    Cognizant acquires fintech software firm Meritsoft

    Meritsoft, which offers solutions for post-trade processing, counts five of the world's eight leading investment banks among its clients, Cognizant said in a statement.

  • CTS bribery charges: Tech majors need to overhaul processes to stem skulduggery Feb 18, 2019 08:40 PM IST

    CTS bribery charges: Tech majors need to overhaul processes to stem skulduggery

    While bribery by tech companies is hardly an isolated incident, it highlights the need for better internal audits the companies need to follow, say experts.

  • Cognizant to pay $25 million to settle India bribery charges Feb 16, 2019 11:52 AM IST

    Cognizant to pay $25 million to settle India bribery charges

    The SEC also alleges that Cognizant authorised the construction firm to make two additional bribes totaling more than $1.6 million.

  • With predecessor Francisco D'Souza's legacy looming, new Cognizant CEO Brian Humphries has his task cut out Feb 12, 2019 08:34 PM IST

    With predecessor Francisco D'Souza's legacy looming, new Cognizant CEO Brian Humphries has his task cut out

    Under Francisco D'Souza, the company overtook Infosys and Wipro in terms of revenue.

  • Cognizant ropes in Vodafone chief Brian Humphries to replace outgoing CEO Francisco D'Souza Feb 07, 2019 07:14 PM IST

    Cognizant ropes in Vodafone chief Brian Humphries to replace outgoing CEO Francisco D'Souza

    Congnizant ropes in an 'outsider' as CEO; Francisco D’souza to continue in the board as non-executive vice chairman.

  • Cognizant names new CEO, posts net income of $648 million in Q4 2018 Feb 06, 2019 08:00 PM IST

    Cognizant names new CEO, posts net income of $648 million in Q4 2018

    The IT company also posted net income of $648 million for the fourth quarter ended December 31, 2018

  • Cognizant to acquire US-based Mustache Dec 11, 2018 05:59 PM IST

    Cognizant to acquire US-based Mustache

    The transaction is expected to close in the first quarter of 2019 subject to satisfaction of certain closing conditions, a statement by Cognizant said.

  • IT wrap: IBM’s Red Hat acquisition steals limelight; Tech Mahindra, Cognizant report Q2 earnings Nov 03, 2018 02:43 PM IST

    IT wrap: IBM’s Red Hat acquisition steals limelight; Tech Mahindra, Cognizant report Q2 earnings

    The week saw some interesting local and global developments in technology, including results of Tech Mahindra and Cognizant, and interesting acquisitions by IBM and TCS

  • Cognizant Q3 net dips 3.6% to $477 mn Oct 30, 2018 05:19 PM IST

    Cognizant Q3 net dips 3.6% to $477 mn

    "The decrease in net income was primarily due to higher net non-operating foreign exchange losses in 2018 driven by the depreciation of the Indian rupee versus the prior year period," it added.

  • Cognizant reports 1.7% sequential revenue rise in September quarter Oct 30, 2018 05:06 PM IST

    Cognizant reports 1.7% sequential revenue rise in September quarter

    The Teaneck, New Jersey-based technology services firm said it expects December quarter revenue in the range of $4.09 billion to $4.13 billion

  • Cognizant elects Michael Patsalos-Fox as new Chairman Sep 24, 2018 05:35 PM IST

    Cognizant elects Michael Patsalos-Fox as new Chairman

    Prior to this, Patsalos-Fox was a senior partner at global management consulting firm McKinsey & Company, where he worked for 32 years.

  • Cognizant buys Kansas-based Advanced Technology Group Sep 18, 2018 06:32 PM IST

    Cognizant buys Kansas-based Advanced Technology Group

    Kansas-based ATG helps companies effectively plan, implement, and optimize automated cloud-based quote-to-cash (Q2C) business processes and technologies.

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