Page 9 - Cognizant

Cognizant Q2 net profit rises 11.6% to $509 million, cuts revenue guidance

The revenue at $4.14 billion grew 3.4% on YoY basis while in constant currency terms, the growth rate was 4.7%

IT major Cognizant posts 11.6% increase in Q2 net profit to $509 mn

Cognizant CFO Karen McLoughlin said the second-quarter results were in-line with its guidance, and the company is set to achieve its full-year outlook

Cognizant Technology appeals to larger bench of Madras HC on tax order

The court adjourned the matter for hearing on a later date, directing status quo till then

Madras HC dismisses Cognizant's plea over Rs 2,800 crore tax demand

The company was accused of evading DDT on transactions made while buying shares from its Mauritius and US arms

Cognizant to hike pay package for entry-level engineers to 4 lakh per annum

Engineering students graduating in June 2020 will see the offer made by the US-based company increase from Rs 3.38 lakh per annum to Rs 4 lakh according to sources

Activist hedge fund, leadership shift leave imprint on Cognizant

New CEO of the US-based firm hints at realigning cost structure with focus on execution as steps for turnaround

Cognizant may cut jobs, mostly in India; mid-level staff to be worst hit

Company, with a total staff base of 281,600 in 2018, had 70 per cent of its total employees located in India

Cognizant cuts revenue guidance for 2019 after underperformance in Q1

Company evaluates realignment strategies including additional employee separation programme

Cognizant acquires Ireland-based financial software firm Meritsoft

Meritsoft is best known for its FINBOS platform for after trade processing

Cognizant's Brian Humphries to be highest-paid among Indian IT firms' CEOs

Humphries, slated to join the Nasdaq-listed firm April 1, will also receive restricted stock units of $3 million (Rs 21 crore) within one month of joining

Cognizant case shows how corporates can avoid charges even amid wrongdoing

Prosecutors declined to charge the company, citing recent enforcement policies

Zero tolerance for improper conduct: Cognizant Technology CEO to staff

282,000 associates of the company have a shared responsibility to build and protect the company's reputation

Stalin demands case against Cognizant for bribing TN govt officials

Cognizant was last week fined $25 million by the United States' Department of Justice for the bribes, and two of its former executives were charged on 12 counts

Cognizant bribery case: CEO writes to employees against 'improper conduct'

Cognizant will pay $25 million to the US Security and Exchange Commission to settle the charges

Explained: Cognizant bribed govt officials in India, to pay $25-mn penalty

Cognizant had withheld $17 million of payments to an Indian construction company to apply pressure and secure permissions from authorities in Tamil Nadu for its Chennai campus

Cognizant settles bribery case for $28 mn; US justice dept charges Coburn

The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant

US fines Cognizant $25 mn, charges two ex-executives in India bribery case

The two former executives were charged in a 12-count indictment with violating the federal Foreign Corrupt Practices Act and other offenses

New leadership will stick to mid-term growth strategy: Cognizant CEO

We have focused on high-quality sustainable revenue growth, but at the same time focused on running the business efficiently, he said

Cognizant gives muted revenue guidance for 2019; appoints new CEO

Humphries' appointment ends the era of founders, who have driven the company for the last 25 years

Cognizant Dec qtr income pips forecast at $4.13 bn; Brian Humphries new CEO

Revenue rose to $4.13 bn from $3.83 bn and narrowly beat the average analyst estimate of $4.11 bn