Page 11 - Cognizant

IT Department attaches Cognizant's bank accounts on a Rs 25 bn dispute

As per the Department, DDT has to be paid on any distribution, or reduction of capital, to the extent of accumulated profits defined as dividends

Investigation, legal expenses towards FCPA violation costs Cognizant $63 mn

Company said costs towards FCPA violation in 2017 alone was $36, more expenses to incur in 2018

Cognizant posts small loss due to one-time provisional income tax in US

For the year 2018, the company is expecting the revenue to be in the range of $16-16.30 billion

I-T Dept seeks clarification from Cognizant on share buyback in 2013

The allegation is that Cognizant India has bought back almost 0.91 mn shares from Cognizant Mauritius for around Rs 23,000 per share

Cognizant Q3 net up 11% at $495 mn, eyes 10% revenue growth in 2017

For the fourth quarter, it expects revenues to be in the range of $3.79-3.85 billion

Cognizant keen to 'pick up' pace of acquisitions to enhance capabilities

Cognizant's 2.56 lakh workforce is based out of India

Growth in digital services makes India a very attractive market: Cognizant

Cognizant also offered a voluntary separation package to senior executives in the US and India

Despite AI, you need people to execute tech for clients: Cognizant CEO

Automation, decline in traditional services, and protectionism in main markets weighing on IT sector

400 senior Cognizant employees accept voluntary separation package

The move will help the company save nearly $60 million this year

Cognizant Q2 net soars 86% to $470 mn, revises annual revenue guidance

IT services firm Cognizant said second quarter profits rose 86 per cent to $ 470 million and revenue grew by 8.9 per cent to $ 3.67 billion as business grew across verticals.The firm revised its guidance upwards for the year ahead at the lower end to 9-10 per cent ($ 14.70-14.84 billion) as against its previous forecast of 8-10 per cent growth. Shares of the company rose 3.1 percent at $70.66 in pre-market trading on the Nasdaq, where it is listed on Thursday.Bloomberg estimates expected revenue to be $ 3.66 billion and profits at $ 535 million for the quarter.For the third quarter ending September, Cognizant said it expects revenues to be in the range of $3.73-3.78 billion. The company follows a January to December financial year."Cognizant delivered strong second-quarter results, which reflect our continued progress in helping clients achieve the value of digitising their entire enterprises, or what we call being digital at scale," said Cognizant CEO Francisco D'Souza. "We remain .

Cognizant acquires TMG Health for an undisclosed amount

Cognizant has entered into a definitive agreement to purchase TMG Health, a subsidiary of health insurance major Health Care Service Corporation (HCSC) and a business process services provider to healthcare firms in US, for an undisclosed amount. The transaction is expected to close in the third quarter of 2017, subject to satisfaction of the closing conditions, including regulatory reviews.TMG Health's healthcare business and technology professionals will become employees of Cognizant upon the close of the transaction. Cognizant expects the new acquisiton would further expand its breadth of digital transformation solutions for healthcare payers and providers, in addition to its 2014 acquisition of healthcare technology provider TriZetto.TMG Health will enter into a new, expanded multi-year service agreement to continue providing information technology, business process and other services to HCSC's various operating units and subsidiaries, as part of the expansion of Cognizant's ...

Cognizant advises staff to refrain from certain activities on social media

Cognizant has issued a social media guideline advising them to refrain from certain activities in social media while representing the company. This has come to the highlight when the company is facing opposition from certain forums and unions in the sector.According to a letter dated March 6, circulated internally, the company says that the employees should not post disparaging content about Cognizant, its customers or anything related to its business and to refrain from posting on behalf of the company, other than sharing content on authorised public social media channels.It also advised the employees not to comment on any internal or human resources related issues, not to engage with media, journalists or other influencers on social media or digital channels, and not to comment on any immigration, political or other matters related to Cognizant, among other guidelines.An email sent to the company did not elicit any response immediately. Sources said that the company issues social ...

IT professionals protest sacking in Cognizant

Cognizant trimmed 5% of its 260,000 workforce in March

Cognizant's Chennai techies seek legal shield ahead of mass layoffs: Report

According to media reports, Cognizant plans to layoff 6,000 Indian employees in the current cycle

Cognizant Q1 net up 26% to $557 mn

Revenue stood at $3.55 bn, sticking to the higher end of the company's guidance

At least 9 months' pay! Cognizant top execs get voluntary separation option

IT major expects process to be concluded by the end of the second quarter

Cognizant bows to investor pressure on costs: 10,000 likely to lose jobs

Analysts say the move is both soothing and disconcerting

IT woes: Cognizant may slash more than 10,000 jobs

The company is also investing extensively in training and re-skilling its team

Cognizant: First at the starting line

Unlike Indian IT services players, Cognizant has been much more aggressive in its acquisition drive

H1-B visa issue: Indian IT must get consulting skills, says Phil Fersht

Cognizant has developed a strong digital competency: Phil Fersht