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Cognizant Q3 income rises to $544mn, expects to make offers to 45,000 new graduates in India in Q4
Thu, Oct 28, 2021
IT major Cognizant has reported about 56.3 per cent rise in September quarter net income at USD 544 million (around Rs 4,073.2 crore).
Cognizant to give two-third of India staff 25 pct extra payment over base salary for April
Fri, Mar 27, 2020
IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the COVID-19 outbreak
Former Cognizant exec Debashis Chatterjee appointed as new CEO & MD of Mindtree
Fri, Aug 02, 2019
The former Cognizant executive Debashis Chatterjee has been appointed as the new chief executive officer and managing director (CEO and MD) of the IT services firm Mindtree Ltd. The announcement was made on Friday afternoon. In another high profile appointment, Larsen & Toubro's (L&T) Chief Executive Officer and Managing Director S N Subrahmanyan was appointed as company's new non-Executive Vice-Chairman.
Good news for job aspirants! Cognizant to offer higher pay package to entry-level engineers
Wed, May 29, 2019
Cognizant, which gets about 33 per cent of its revenue from digital solutions, has been actively hiring from Indian Institutes of Technology (IITs) and has made more than 500 offers in IITs across India in the last three years.
Facebook admits it needs to do more for content reviewers; This is why
Wed, Feb 27, 2019
For its content review, Facebook has partnerships with companies like Accenture, Cognizant and Genpact. Majority of the people in content review teams work at sites managed by these partners.
Cognizant sees weak fourth quarter as financial services growth drags
Tue, Oct 30, 2018
Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates. Cognizant Technology Solutions Corp on Tuesday blamed weakness in its financial services sector for dismal revenue and profit forecasts for the fourth quarter that missed analysts` estimates.
Infosys Vs TCS Vs Wipro vs Cognizant vs Accenture: Attrition rates compared
Mon, Oct 15, 2018
As demands for skilled hands in cloud computing, data analytics and digital technologies are increasing, salaries for engineers in IT companies have soared as much as 40 per cent.
Warning bell! Why Cognizant fired 200 senior employees
Wed, Oct 10, 2018
IT major Cognizant Technology Solutions (CTS) has reportedly laid off around 200 senior employees this year.
Cognizant Q1 profit declines 6.6% to USD 520 million
Mon, May 07, 2018
IT firm Cognizant today said its net profit declined 6.6 per cent to USD 520 million for the quarter ended March 2018. This is against a net profit of USD 557 million, or 92 cents per share, registered by the company in the year-ago period, Cognizant said in a statement.
Court orders tax dept to lift freeze on Cognizant's funds
Wed, Apr 04, 2018
IT services company Cognizant Technology Solutions Corpsaid on Tuesday court had granted the company`s application to lift the Indian income tax department`s freeze on its bank accounts.
This is why Cognizant accounts were frozen by Indian taxman in major crackdown
Wed, Mar 28, 2018
According to Cognizant, it paid all applicable taxes related to its buyback transaction in 2016 and the Indian Income Tax Department's (ITD) position is "contrary to law and without merit".
Cognizant bank accounts frozen; here is why Income Tax department launched crackdown
Wed, Mar 28, 2018
Cognizant failed to pay the tax of more than 25 billion rupees ($385 million) in the 2016-17 financial year, the Hindu newspaper reported, citing officials from the tax department.
Cognizant reports $18-million loss in Q4
Wed, Feb 07, 2018
US-based IT major Cognizant today reported a net loss of $18 million for the December 2017 quarter compared to a profit of $416 million in the year-ago period.
Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18
Fri, Nov 03, 2017
This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.
Top seven Indian companies receive less H-1B visas in 2016
Tue, Jun 06, 2017
Top seven Indian-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 %, according to a new report.
It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy
Fri, Jun 02, 2017
Speaking to a news channel on the ongoing layoffs into the IT industry, Infosys co-founder N R Narayana Murthy said that it was possible for all IT companies to protect the jobs of youngsters if their senior management executives take some salary cuts.
IT industry in India will continue to witness layoffs at low-end skills for next 18 months: Experts
Mon, May 29, 2017
According to experts, the IT industry in India will continue to see the layoffs for the next 18 months at the low-end skills on back of automation taking over the routine tasks like application maintenance, bug fixing, manual testing, among others.
Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India
Sun, May 28, 2017
Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.
Cognizant layoff plea closed in favour of sacked staff, says Telangana Joint Labour Commissioner Chandra Shekaram
Sun, May 28, 2017
On the Cognizant layoff case, Telangana Joint Labour Commissioner Chandra Shekaram said on Saturday that the case has been closed in favour of employees and the company has been asked to hold talks one-on-one to resolve the issue.
How a stronger Indian Rupee can hamper your career in India's IT sector
Fri, May 19, 2017
Samir Tripathi, analyst, ICICI research said, “Overall Rupee trajectory over a one year time frame is expected to be stronger than the one-year forward rates. From medium term perspective, we expect rupee to trade around 65.50 levels by March 2018 – with a variation of around 2%.”