On the counterclaim filed by Infosys in the TriZetto trade secrets case, Kumar says he is protecting the intellectual property of the firm
Ravi Kumar forecasts that the disruption caused by the integration of artificial intelligence into enterprise will see a swift 'S' curve, as the innovations made possible by AI get adopted by businesses.
Employers cited reasons such as better collaboration and awareness of company culture for the move, but many workers have lamented on social media about the resultant loss of flexibility and work-life balance.
The partnership is expected to enable growth opportunities for both companies, and Cognizant's plans to resell Vianai solutions.
The responsibilities of Global Growth Markets, which covers all of the company’s markets outside of North America, will be split between Jane Livesey and Manoj Mehta.
The IT major, once a barometer of growth for the IT industry, continues to struggle on the operating margin front. Its adjusted operating margin fell 40bps sequentially to 14.2 percent, which is among the lowest in the industry
Order bookings rose 28 percent in March quarter, highest in a year. Its growth may up competitive pressures for domestic companies
Cognizant doesn’t expect all employees are going to come back to offices in tier-one cities, and is looking at collaborative spaces in smaller cities.
Cognizant will also give up 11 million sq feet in office space, or 80,000 seats, in large cities in India to help cut costs and boost margins, which are trending in the 15 percent range
The Chairman of Cognizant's Board said a CEO transition was required for Cognizant to progress faster, increase its commercial momentum and accelerate revenue growth.
This is part of the company’s one-time two-merit cycle hike, which it had communicated to employees last year.
Ravi Kumar and Mohit Joshi, Cognizant CEO and Tech Mahindra's incoming chief, respectively, were both considered candidates to lead Infosys in the future.
During his 26-year tenure with the company, Banerjee has been instrumental in establishing HCL's market leadership in the engineering outsourcing business, as well as in establishing some of the company's Top 5 accounts and large-scale partnership agreements.
If successful, the new CEO can arrest market share losses and raise competition for large deals
CEO Ravi Kumar said there is a great deal of work ahead and it will take time to rebuild the pipeline and go after larger opportunities.
Large deals, the CEO said, are top priority “given how essential they are to building commercial momentum and enhancing our station as a provider of business outcomes aligned by industry.”
He believed Ravi Kumar’s appointment would be a ‘consensus, confidence builder’ where he can attract talent,
Under Kumar's leadership, Infosys unveiled Metaverse Foundry, where it developed over 100 use cases to help clients navigate this new and ground-breaking technology.
Ravi Kumar succeeds Brian Humphries, who will be departing from the company on March 15. The company also revised its guidance for the year.
Cognizant has revised its full-year guidance downward, citing headwinds from currency, lower North America billable headcount and softer-than-expected bookings growth
Moshe Katri’s comments come months after the leading IT analyst called out the Cognizant board for not exercising its fiduciary duty
Sources suggested that Ravi Kumar's appointment as President could be a precursor to becoming Cognizant CEO in the future.
In line with the company's strategy to establish global competency centers, offering the best talent in the market and making it available to customers globally, this DC also marks our expansion into Eastern Europe's established heavy engineering sector, Infosys said in a release here.