Cognizant

Cognizant Q3 FY24 net up 10.8%; narrows revenue growth guidance for FY24

IT company reports 'large deals' in the quarter and 'momentum' in its AI services

Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar

AI is a unique technology and it will disrupt the knowledge worker

Cognizant engaged in discriminatory conduct against non-Indians: US jury

Cognizant had the highest number of H-1B visas of any US employer from 2013 to 2019, according to Citizenship and Immigration Services

Bringing the momentum back to country: Cognizant CEO Ravi Kumar S

Momentum back; wish next CEO from within Cognizant: Ravi Kumar S

Cognizant announces plans to establish techfin centre at GIFT City in 2025

Global tech firm Cognizant on Monday announced its plans to establish a 'techfin centre' at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The new facility, set to launch in February 2025, will serve as a strategic hub for delivering advanced technology solutions for clients in the banking, financial services, and insurance (BFSI) industries, the company said in a statement. The centre will initially house 500 associates, with plans to scale up to 2,000 employees over the next three years, it said. Gujarat Chief Minister Bhupendra Patel said Cognizant's new centre in GIFT City reflects the state's ability to attract world-class enterprises and provide a robust environment for innovation and growth. "GIFT City's state-of-the-art infrastructure, business-friendly policies, and strategic location are key drivers in shaping it into a global financial and technology hub. We remain committed to further strengthening this ecosystem, ensuring that GIFT City continues to p

Cognizant puts up Chennai office on market, eyes up to Rs 800 crore deal

This property has been the company's India headquarters for over twenty years. It is spread over a 15-acre land parcel and comprises a four lakh sq ft office space

Cognizant files lawsuit against Infosys over trade secrets; Infy denies

IT major Cognizant's subsidiary TriZetto has slapped a lawsuit on Infosys in a US federal court, accusing the Bengaluru-headquartered company of stealing trade secrets and information related to healthcare insurance software. Infosys, in a statement, denied all allegations. The company asserted it is aware of the lawsuit and will defend its position in the court. Cognizant in a lawsuit filed in Texas federal court has accused Infosys of illegally accessing data from TriZetto's software -- Facets and QNXT -- and using the same to develop and market a competing product. Cognizant offerings include TriZetto's Facets and QNXT, which healthcare insurance firms use to automate tasks. Teaneck, New Jersey-based Cognizant has the bulk of its employees in India. Cognizant has reportedly alleged that Infosys misused TriZetto's software to create "Test Cases for Facets," which repackaged its data into an Infosys product. Further, it has reportedly alleged that Infosys created software to extr

Rajesh Nambiar appointed nasscom president-designate, succeeds Ghosh

With this appointment, Nambiar also resigns from his current position at Cognizant. He was Chairman and Managing Director of Cognizant India

Cognizant appoints Rajesh Varrier as global head of operations & CMD, India

The appointment was announced as Rajesh Nambiar leaves Cognizant to become president of nasscom

Cognizant clarifies fresher salary issue, says 'grossly misrepresented'

The IT firm faced significant online backlash over the internet for its low fresher salary offering, with many comparing it to 2002 levels

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

Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders. The firm also faced social media ridicule for doling out annual salary hikes of as low as 1 per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance. Cognizant annually hires fresh engineers and non-engineering/IT graduates for varied roles. With the two recruitments running almost parallel, hiring for three-year non-engineering/information technology undergraduate degree holders picked up and was widely shared as Cognizant's salary package for freshers. "Our recent job posting for talent from non-engineering backgrounds, with a 3-year undergraduate degree has been grossly misrepresented. This job posting, with ...

After Rs 2.5 LPA job offer, Cognizant grants 1% salary hikes to employees

The annual raises ranged from 1 per cent to 5 per cent at the highest, after the increments were implemented with a four-month delay

Amid Cognizant's 2.5 LPA freshers pay offer row, attention on CEO's salary

Amid the uproar over the low entry-level salary, attention has turned to Cognizant's CEO, who is the highest-paid in India with Ravi Kumar Singisetti receiving a staggering $22.56 million last year

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5% to 1%

Cognizant settles CFO lawsuit with Wipro; pays Rs 4 crore in settlement

The settlement resolves all pending disputes between Dalal and Wipro, said the company in a statement

Cognizant Technology to acquire Belcan for $1.3 bn in cash and stock

The acquisition is expected to significantly expand Cognizant's ER&D capabilities, building upon the company's existing strengths in the Internet of Things (IoT) and digital engineering practice areas

Cognizant Technologies to acquire Belcan for $1.3 billion in cash and stock

The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors

May lead to termination: Cognizant warns staff for not returning to office

IT major Cognizant workforce reduced by 3,300 to 344,400 employees at the end of March 2024, compared to December 2023

Case registered against Cognizant, L&T, unknown govt officials for bribery

The Anti-Corruption Bureau (ACB) of Maharashtra Police has registered an offence against officials of IT major Cognizant Technologies, Larsen & Toubro (L&T) and unknown government officials in an alleged USD 7,70,00 bribery case. On April 19, the sessions court here had directed the ACB to investigate allegations against Cognizant Technologies that it paid a bribe through its construction contractor (L&T) to local government officials to secure necessary permits and environmental clearances for its campus at Hinjawadi on the city's outskirts between 2013 and 2014. The offence was registered against officials of Cognizant Technologies; Manikandan Rammurthy, former vice president (administration and real estate officer, Cognizant, India), then officials of L&T, and unknown government officials who had accepted the bribe under the Prevention of Corruption Act, the ACB said in a release. The court had passed the order on April 19 on a complaint filed by Delhi-based ...

IT giants Cognizant and Capgemini hired 150,000 fewer employees in 2023

Cognizant and Capgemini collectively employ around 400,000 people in India