Page 2 - Cognizant

Cognizant net income up 11.5%, to hire 50K from campuses this year

India will see the majority of this hiring

Cognizant Q1 meets Street estimates; net income rises 11.5% to $563 mn

Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.

NITES files complaint against Infosys over employment clause for staffers

NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor

IT giants TCS, Accenture, Cognizant lead Indian firms amid digital boom

As digital transformation gets in top gear, IT companies lead the pack and the top 3 firms are Tata Consultancy Services, Accenture and Cognizant, respectively, ramping up IT investments and hiring

Cognizant Q4 results mark its return to double digit annual revenue growth

Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.

Cognizant to hire 50,000 freshers in CY22; highest ever for the company

The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.

Cognizant expects constant currency revenue growth of 8%-11% in 2022-24

Cognizant has said it expects its revenue to grow 8-11% in annual constant currency terms during 2022-24

We have learnt to live with attrition: Rajesh Nambiar of Cognizant India

In a Q&A, the company's CMD also dwells on retention mechanisms and growth drivers in a firm that beat Q3CY21 estimates despite 33% attrition

Cognizant expects to make offers to 45,000 new graduates in India in Q4

IT companies like Infosys and Wipro are witnessing high attrition numbers

Cognizant India's profit falls 40%, revenue dips 5% in FY21: Tofler data

Revenue for the financial year 2021 was Rs 29,682 crore, a fall of nearly 5 per cent from the revenue in the previous year.

Cognizant inks $95 mn deal with US shareholders over India bribery charges

In February 2019, Cognizant agreed to pay $25 million to settle a related U.S. Securities and Exchange Commission civil probe

Cognizant acquires a digital engg firm, its sixth acquisition in 2021

The company continues expanding in key strategic focus areas for digital -- digital engineering, data and artificial intelligence, cloud and the Internet of Things

Cognizant revises guidance upward to 10%: But can it manage growth?

The company has spent $2 billion since 2019 to bolster its cloud and digital play through acquisitions

Half of planned 100k lateral hiring has been done: Cognizant India chief

In a Q&A, Rajesh Nambiar dwells on the reasons for an attrition rate as high as 31% and why he thinks the company will deliver growth in the coming quarters

Amid high attrition rate, Cognizant plans to hire 100,000 people this year

The firm, which had a quarterly attrition rate of 31%, als plans to recruit 30,000 at the graduate level

Cognizant learns an HR lesson as people shortage impacts business momentum

A challenging strategy to accelerate growth has ironically dragged the former IT racehorse into bigger troubles over people management

Cognizant starts Covid vaccination drive for 650,000 staff and dependents

Ensures delivery of 1,000 oxygenated beds, ventilators, life-saving supplies with $8.5 mn relief funding

At 21%, Cognizant sees highest IT attrition in January-March quarter

In the previous quarter, the company's attrition rate was lower at 19 per cent, though the level was 22 per cent in the January-March 2020

Cognizant reports good numbers in Mar quarter, revises revenue guidance

Net income for the first quarter of CY21 was $505 million, up 37%

Cognizant revises revenue guidance for CY22 as digital deals drive growth

But the forecast at 7-9% does not match Infosys' 12-14%; While TCS does not give guidance, its management is sure of double-digit growth