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COGNIZANT UPDATE
Nasdaq-100 drops Cognizant, adds AI-focused firms Astera, CoreWeave in quarterly reshuffleCognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focu...- 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...
- IBM stock falls 13.1% after Anthropic posts how Claude Code can be used to modernize COBOLIBM stock fell sharply after AI company Anthropic shared an update about its Claude Code system. The AI can help companies understand and u...
- Cognizant monitoring controversy: Here's what company said about its new workforce management toolCognizant is training executives on ProHance, a tool that monitors employee laptop activity. The software tracks mouse and keyboard input t...
- Cognizant's India M&A team gets consultants to up inorganic growthCognizant Technology Solutions is beefing up its mergers and acquisitions team in India. The company has hired at least five executives fro...
- Cognizant CEO Ravi Kumar’s pay rose by 14% in FY24; PSU vesting keeps realised compensation lowerCognizant CEO Ravi Kumar's total compensation reached $8.2 million in fiscal year 2024, a nearly 14% increase. While his target direct comp...
- Cognizant's activist investor Mantle Ridge builds over a $1 billion stakeMantle Ridge, led by American founder and CEO Paul Hilal, began purchasing Cognizant shares in the second half of 2022 when the stock was p...
- Cognizant gets HC relief in I-T Dept's Rs 9,400 cr tax demand caseThe Madras High Court has stayed the Income Tax Department's demand of ₹9,403.09 crore from Cognizant Technologies for its share buyback of...
- Cognizant Q3 profit falls 16.5%, narrows revenue guidanceSimilar to industry outlook owing to lower discretionary spends by clients amid macro uncertainty, the Nasdaq-listed company shrunk its fou...
- Cognizant Q4 net profit down 9.6% YoY, beats annual guidance for FY22Cognizant's revenue saw an uptick, rising 1.3% on year to $4.84 billion for the three-month period. It was slightly above street estimates ...
- 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 clocks highest attrition rate among IT peers in Sept quarterCognizant clocked an attrition rate of 33% in the quarter ended September 30, far exceeding those recorded by TCS (11.9%), HCL Technologies...
- 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 ...
- No point in blaming NRC coordinator: Former Assam Chief Minister Prafulla Kumar MahantaBJP on Monday said it suspects that the NRC will not be free of foreigners and that names of some genuine citizens will be excluded.
- Leading IT companies say beefed up security but no data breachWhen contacted, Infosys in an emailed statement said the company has not observed any breach of its network based on its monitoring and thr...
- New European laws push companies to update user policiesThe General Data Protection Regulation (GDPR) took effect on May 25. The law allows the EU residents to request data kept on them and adds ...
- Cognizant reports 6.6% drop in Q1 profit, guides for $4-4.04 billion Q2 revenuesRevenue for the quarter rose 10.3% YoY to $3.91 billion compared with $3.55 billion last year.
- Cognizant filing says India bribe investigation costs top $60 millionThe IT company in September 2016 informed the US DoJ and US SEC that it was in violation of the US Foreign Corrupt Practices Act due to pay...
- Interest of genuine Indian nationals to be safeguarded in National Register of CitizensCentre assured the people of Assam that interests of all 'genuine' Indian nationals will be protected in NRC updation, going under direct s...
- Infosys hires Forrester analyst and former Ameriprise VP to increase focus on large outsourcing dealsAccording to an updated profile of Aase on networking site Linkedin, he has joined Infosys as associate vice president to be based in the U...
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