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COGNIZANT RESULTS
‘Outcome-based’ contracts risk revenue growth for tech firmsThe increasing adoption of AI is driving Indian IT firms and clients towards outcome-based contracts. While this shift aims to improve clie...- Attractive valuations, improving earnings: Why fund managers are now raising their exposure to small-cap stocksMidcap stocks have dominated performance for a decade, but a shift towards small caps is emerging. Flexi-cap funds are increasing small-cap...
- Defence, power and import substitution are emerging as long-term winners: Prateek AgarwalIndian corporate earnings are meeting expectations, but market sentiment is subdued due to broader economic concerns, not company performan...
- Signed away maintenance agreement? HC says wife can still claim more; here’s whyA wife can still seek more maintenance money even after signing a waiver agreement for a lump-sum payment. The Punjab and Haryana High Cour...
- Midcaps in a sweet spot? Why Nippon India’s Rupesh Patel sees a valuation correction despite new index peaksNippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth ...
- Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
- Market remains stock-specific as earnings divergence widens across sectors: Dharmesh KantMarket expert Dharmesh Kant highlighted strong numbers for Bajaj Finance, though macro headwinds may impact near-term performance. He expre...
- Cognizant tops estimates even as Q1 net profit dips marginally; eyes layoffsNet profit was $663 million in the same period a year earlier. However, sequentially, net profit gained by 2.1%. Despite the flat profit gr...
- Nvidia rolls out OpenAI’s Codex AI agent to all employeesJensen Huang said Codex is now available to all employees after early access was given to around 10,000 staff across functions such as engi...
- Cognizant Q4 results: revenue dips 1.7%, profit rises to $558 millionFor the full year 2023, the global IT major Cognizant posted a 0.4% YoY decline in revenue to $19.4 billion. In constant currency terms, it...
- Cognizant to focus on large deals, employee retention to trigger growth: India MDThe New Jersey-headquartered firm will be more employee centric, strengthen on winning larger deals and better operational metrics in order...
- Cognizant Q4 net profit down 9.6% YoY, beats annual guidance for FY22The company's revenue, however, saw an uptick, rising 1.3% on year to $4.84 billion for the three-month period. It was slightly above stree...
- Cognizant Technology March quarter results: Revenue rises nearly 10% to $4.83 billionRevenue rose 9.7% to $4.83 billion from a year ago; analysts expected $4.83 billion.
- Digital’s share in revenue to go up to 55-60%: CognizantFirm plans to hire 50,000 freshers this year
- Cognizant reports 10% growth in annual revenue at $18.5 billion in FY21For the fourth quarter, ended December, Cognizant reported revenue of $4.8 billion, up 14.2% on a year-on-year basis. Digital revenue for t...
- Cognizant Q3 results: Income rises to $544mn, expects to make offers to 45,000 new graduates in India in Q4Cognizant's headcount stood at about 3,18,400 people at the end of the September 2021 quarter, up from about 3,01,200 employees at the end ...
- Cognizant to hire 100,000 people from rivals to offset attrition painsCognizant is looking to offer jobs about 100,000 experienced professionals in 2021 and train close to 100,000 associates, in order to offse...
- Cognizant records highest attrition rate among peers, raises annual revenue guidanceThe Nasdaq-listed company reported an attrition rate of 31% in the second quarter, the highest among IT services companies in the three-mon...
- Cognizant posts 38% jump in Q1 net income, guides for 7-9% revenue growth in 2021Revenue growth in constant currency terms stood at 2.4 per cent.
- Cognizant September quarter results: Five things to watch out forLast quarter, Cognizant clocked 7% sequential growth, in-line with the company's history of setting the pace for the rest of the sector.
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