Interview with executive vice-president, strategy and marketing, Cognizant
To increase hiring in the US; hints to a stronger growth trajectory for Q1 CY2017
Three existing members of the board will concurrently not stand for re-election
Firm opts for dividends for first time; total share repurchase to touch $5 bn
It is higher than the earlier estimate of $5 million
On a sequential basis, net profit dipped 6.8%
This is much higher than TCS, which was the only one so far giving a break-up of its digital revenue
Also names three directors to board in deal with Elliott
Expects the new office would help to expand operations in Greater China
Analyst believe that the company's 2014 deal was an outlier in its overall acquisition strategy
Analysts say that small acquisitions will bring in one or two per cent growth to the company
Deal value undisclosed; help Cognizant provide services to portfolio firms of Norway-based firm Aker
The acquisition of Adaptra will expand Cognizant's capabilities in serving insurance clients better
Cognizant currently employs more than 200 professionals in the Kingdom of Saudi Arabia
Elliot Management Corporation owns over 4% of Cognizant shares, making it one of the top four shareholders of the company
The hedge fund said more than half of the co's directors had been in their position for at least 9 years
The company slightly trimmed upper end of its CY16 revenue growth guidance largely to factor in nearly $18 million impact of weakening pound against US dollar
Annual revenue growth in the 8.5-9% range; Q3 net profit up 12% YoY
Investigation is being conducted under the oversight of an Audit Committee, with the assistance of outside counsel
Revenue for the quarter rose 8.4% at $3.45 billion on a year-on-year basis and was up 2.5% on sequential basis