Cognizant trimmed 5% of its 260,000 workforce in March
According to media reports, Cognizant plans to layoff 6,000 Indian employees in the current cycle
Revenue stood at $3.55 bn, sticking to the higher end of the company's guidance
IT major expects process to be concluded by the end of the second quarter
Analysts say the move is both soothing and disconcerting
The company is also investing extensively in training and re-skilling its team
Unlike Indian IT services players, Cognizant has been much more aggressive in its acquisition drive
Cognizant has developed a strong digital competency: Phil Fersht
Interview with executive vice-president, strategy and marketing, Cognizant
To increase hiring in the US; hints to a stronger growth trajectory for Q1 CY2017
Three existing members of the board will concurrently not stand for re-election
Firm opts for dividends for first time; total share repurchase to touch $5 bn
It is higher than the earlier estimate of $5 million
On a sequential basis, net profit dipped 6.8%
This is much higher than TCS, which was the only one so far giving a break-up of its digital revenue
Also names three directors to board in deal with Elliott
Expects the new office would help to expand operations in Greater China
Analyst believe that the company's 2014 deal was an outlier in its overall acquisition strategy
Analysts say that small acquisitions will bring in one or two per cent growth to the company
Deal value undisclosed; help Cognizant provide services to portfolio firms of Norway-based firm Aker