Page 7 - Cognizant

Cognizant hit by 'Maze' ransomware attack, says clients facing disruption

The incident comes at a time when businesses have been disrupted by coronavirus pandemic that has forced companies to turn to initiatives like work from home

Top headlines: Debt schemes see worst outflow, govt to map migrants

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Cognizant withdraws FY20 revenue growth guidance amid coronavirus lockdown

Firm builds up war chest by drawing down $1.7 bn worth of revolving credit

Cognizant withdraws full-year guidance for 2020 amid Covid-19 uncertainties

The withdrawal comes on the back of falling client demand, expecially in the travel and hospitality space

Tough times for IT

Companies have to rejig their business model

Cognizant to acquire US-based digital marketing consultancy firm Lev

The acquisition will further expand Cognizant's Salesforce practice and is expected to close in the first quarter of 2020

IBM to Cognizant, global tech firms ink large leasing deals in Bengaluru

The lease deal has a tenure of five years and IBM will pay a rent of Rs 75 per sq ft or Rs 65 crore per year

Cognizant plans to hire sales staff with specialised digital skill sets

The company, which is in the process of hiring around 500-strong sales team, has already taken staffers with specialist knowledge of working with SaaS players

Mid-tier IT companies may do better than larger peers, say analysts

The ability to forge partnerships with large technology firms in niche areas and strong leadership are seen as the factors behind these optimistic projections

Wall Street is beginning to see renewed vigour in Cognizant: CEO Humphries

'We have beaten Wall Street estimates for three quarters in a row now', said Brian Humphries

Cognizant board to talk business realignment efforts on February 24

Cognizant, which has its roots in Chennai, currently employs around 290,000 people globally. Of this, around 200,000 are in India

Simplus acquisition shows Infosys' bet on inorganic route for growth

Firm may have shed its inhibitions of making acquisitions of slightly bigger size, say experts

Cognizant opens new 100,000 sq-ft facility for 1,100 employees in Mangaluru

In Karnataka, Cognizant also has operations in Bengaluru and Mysuru. The company has more than 28,000 professionals in Bengaluru and nearly 700 professionals in Mysuru.

Cognizant's D'Souza signs off, Bali to join as independent director

D'Souza was the last of the three Indian and Indian origin co-founders of the firm that initially started as a captive unit of Dun & Bradstreet in 1994 through a JV with Satyam Computers

All the distractions of 2019 are behind us: Cognizant's Brian Humphries

100 per cent of Cognizant's focus is now on clients, added the CEO of the IT firm

Cognizant beats estimates with 4.2% rise in revenues; profit falls 39%

Firm projected to grow 2-4% as exit from content business hits top line

Cognizant net profit falls 39% to $395 mn in Q3, expects growth at 2-4%

The company also appointed Vinita Bali, former managing director and chief executive officer of Britannia Industries, as a new independent director, effective February 24, 2020

Cognizant appoints Walmart's Becky Schmitt as Chief People Officer

Currently at Sam's Club, Schmitt oversees the employee experience and career development of 100,000 associates across nearly 600 locations

Why IT giants are cutting jobs at mid, senior levels

Besides increasing their fresher's intake, IT giants are also aggressively localising their workforce in the US, from where they draw at least 65 per cent of total revenue

TN labour dept, NASSCOM and firms deliberate on 'mass layoffs' in IT sector

AIFITE and UNITE, the organisations that offer support to IT employees, in their letters urged the government to take steps against the alleged mass retrenchment by various IT companies