Page 6 - Cognizant

Cognizant to acquire US-based software firm Magenic for undisclosed sum

Magenic Technologies is a custom software development services company

Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20

Net profit declined 11.4 per cent to Rs 5,455 crore in FY20 from Rs 6,160 crore in FY19

Making short-term margin trade-offs to accelerate growth: Cognizant CEO

Strong performing employees will be rewarded for what they have done, he says

Cognizant net profit falls 30% to $348 mn in Q3; revenue flat at $4.2 bn

The highest growth in revenue during the quarter came from healthcare vertical which grew 4.8 per cent to $1,231 million

Rajesh Nambiar appointed as chairman, managing director of Cognizant India

He joins Cognizant from Ciena, a networking and software company, where he currently serves as Chairman and President of Ciena, India

Ex-Cognizant CMD Ramamoorthy joins advisory team of Chennai Math Institute

He had quit Cognizant in July to pursue his personal interest in the field of education

EV manufacturing startup Grinntech attracts $2 mn funding from investors

Grinntech, which was incubated at IIT Madras, unveiled a range of high-tech batteries with designs customised to Indian conditions along with its proprietary

Cognizant expects revenue to dip 2% in 2020 amid Covid-19 crisis

In the June quarter, Cognizant saw its net profit decline 29 per cent at $361 million, compared to $509 million, while it fell 1.63 per cent sequentially

We're on the path to becoming fastest growing IT firm again: Cognizant CEO

The macro demand is uncertain, but we did better than our April performance, he says

Cognizant income down 29% at $361 mn, revenue declines 3.4% in June qtr

For the June 2020 quarter, Cognizant's revenue saw 3.4 per cent decline (2.5 per cent in constant currency) at $4 billion from $4.14 billion in the year-ago period

Cognizant ropes in Anil Cheriyan as executive VP strategy and technology

In an e-mail to employees, the company's CEO Brian Humphries said Cheriyan will join Cognizant on August 3 in the new role

Unsure of hiring fresh graduates, IT companies venture off campus

The technology industry is one of the largest recruiters for fresh graduates in the country.

CMD Ramkumar Ramamoorthy puts in papers after a 23-year stint at Cognizant

Pradeep Shilige, Head of Global Delivery also resigned from the company. Accenture veteran Andy Stafford is replacing Shilige, said sources

At home in a coronavirus world: IT companies manage change and disruption

India's biggest IT firms moved swiftly when a lockdown became imminent in March. How prepared are they to deal with the challenge of clients reducing spending on technology or asking for discounts?

IT firms form teams to chase revenue streams emerging from Covid-19 crisis

Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.

Cognizant posts 17% drop in net profit; Covid-19 to impact Q2 numbers

Among verticals, the highest growth in revenue during the quarter came from communications, media and technology, which grew 5.2 per cent to $626 million

We are better placed to withstand Covid-19 impact: Cognizant CEO Humphries

In a Q&A, Brian Humphries says his firm has handled the ransomware attack well and doesn't see any impact on client engagement

Cognizant net income declines 17%; to hire 20,000 at entry-level in 2020

The company is aiming to invest in business and would onboard around 20,000 entry-level executives in 2020

Cognizant to acquire US-based cloud player Collaborative Solutions

Financial details not disclosed. Deal will add new finance and HR advisory and implementation services to Cognizant's cloud offerings

Cognizant hit by 'Maze' ransomware attack amid coronavirus crisis

The anonymous hackers behind Maze have made headlines in recent months for publicly holding their victims hostage by threatening to leak company information if the target doesn't pay the ransom