Page 4 - Cognizant

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

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

Business Standard brings you top headlines of the day

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