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COGNIZANT GILEAD DEAL
Top startup and tech stories this weekETtech Unwrapped is packed with the most important stories that we covered this week. Here’s a quick recap.- P2P lenders adapt to regulatory pressures; GenAI deals in ITHappy Thursday! Peer-to-peer lending firms are scrambling to comply with the central bank’s rules by tweaking their products. This and more...
- How GenAI is becoming key part of large, mega IT dealsIT service providers are integrating Generative AI into large deals, indicating its advancement from PoC stage. Traditional IT budgets are ...
- Indian IT sees deal tenures shrinking in rich neighbourhoodsAt least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrange...
- Cognizant Q2 net profit down 19% YoY; company retains 2023 revenue guidanceCognizant's revenue declined 0.4% year-on-year to $4.89 billion for the three-month period ended June. It was marginally above street estim...
- Zomato posts maiden quarterly profit; Data Bill introduced in Lok SabhaGurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 c...
- Cognizant extends partnership with biopharma firm Gilead, estimated deal size at $800 millionGilead has partnered with Cognizant for more than three years now to adopt technologies designed to run business operations, new product la...
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