FITE against Cognizant layoffs shifts to Bengaluru
After Chennai and Hyderabad, IT workers' union FITE has now decided to approach the labour commission in Bengaluru to submit a petition to stop the alleged "illegal terminations" happening at Cognizant.
May 17, 2017, 18:25 PM IST
Layoffs in Indian IT may continue for 1-2 years: Experts
As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.
May 14, 2017, 12:27 PM IST
No mass layoffs; workforce realignment happens every year: Nasscom
Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.
May 12, 2017, 22:17 PM IST
Cognizant Q1 Net up 26%, steps up hiring in US
IT major Cognizant reported a 26 percent rise in March quarter profits to USD 557 million, helped by growth in financial services and maintained that it will grow between 8-10 percent in calendar year 2017.
May 05, 2017, 21:59 PM IST
Cognizant offers top executives 6-9 months' pay for voluntary exit
IT services firm Cognizant is extending a "voluntary separation incentive", offering up to nine months of salary, to some of its top-level executives.
May 04, 2017, 17:12 PM IST
Infosys seeks nod of board for share buyback
India's second largest software major has sought permission from shareholders for share buyback. For this the company has sought approval of shareholders to change Articles of Association.
Feb 24, 2017, 11:24 AM IST
Cognizant Q2 net dips 40% to $252.4 million on higher tax provision
US-based IT services major Cognizant saw its net profit dipping sharply by 40 percent in the June quarter at USD 252.4 million (around Rs 1,600 crore) on higher provisioning for income taxes.
Aug 05, 2016, 16:42 PM IST
Nasscom flags complex billing, invoicing issues in GST regime
The GST regime slated to be rolled out from April 1, 2017, should ensure that issues like complex billing and invoicing requirements and reverse charge on import of services do not impact the export competitiveness of the USD 110 billion sector, industry body Nasscom said on Thursday.
Aug 04, 2016, 21:59 PM IST
Sensex falls for 2nd day, down 266 points; Nifty ends below 7,300-mark
The 50-share NSE Nifty dipped below the psychological 7,300-mark by tumbling 89.05 points or 1.21 percent to close at 7,298.20.
Feb 09, 2016, 17:41 PM IST
Cognizant Q4 net up 16.7% to $423.4 mn; cuts 2016 revenue guidance
IT services major Cognizant Monday posted a 16.7 percent rise in net profit at USD 423.4 million for the December quarter from USD 362.9 million a year ago.
Feb 08, 2016, 20:51 PM IST
Cognizant buys KBACE to strengthen digital services
IT major Cognizant has acquired privately-held KBACE Technologies for an undisclosed amount, a move aimed at strengthening its digital offering.
Jan 27, 2016, 19:59 PM IST
Cognizant Q3 Net grows 12% at $397 mn, raises revenue guidance
Driven by growth in healthcare division, IT services major Cognizant Technology Wednesday reported 11.69 percent increase in its consolidated net income at USD 397.2 million for the quarter ended September 30, 2015.
Nov 04, 2015, 19:13 PM IST
TCS, Cognizant, Infosys top employers in FY15: Nasscom
TCS, Cognizant and Infosys have emerged as the top employers in the IT-BPO sector, according to a list of 20 leading companies released by industry body Nasscom.
Jul 23, 2015, 23:28 PM IST
TCS, Wipro gain; Infosys falls on profit booking
IT stocks ended on a mixed note in an overall sluggish market Tuesday, a day after the US-based Cognizant reported better-than-expected quarterly results as well as upped its revenue guidance for the year.
May 05, 2015, 19:28 PM IST
IT stocks gain as Cognizant ups revenue guidance
Led by TCS, IT stocks were in demand Tuesday, a day after Cognizant reported a 9.7 percent growth in net profit for the March quarter and also upped its revenue guidance for the year.
May 05, 2015, 13:10 PM IST
Cognizant Q1 Net up 9.7%; ups revenue forecast for 2015
IT services major Cognizant Monday said its net profit has increased 9.7 percent to USD 382.9 million for the quarter ended March 31, 2015.
May 04, 2015, 17:44 PM IST
Cognizant wins multi-year cloud deal from US-based retailer
IT services major Cognizant has inked a pact with US-based retail chain Family Dollar Stores for providing cloud management platform to improve business responsiveness at latter's over 8,000 stores in the country.
Feb 11, 2015, 22:31 PM IST
Cognizant Q4 net up 12%; expects currency to affect revenues
IT services major Cognizant on Wednesday said its net profit rose 12 percent to USD 362.89 million for the quarter ended December 31, helped by increased traction from consulting, digital and business segments.
Feb 04, 2015, 18:19 PM IST
Software industry is largest creator of jobs: Narayana Murthy
Bullish on growth of Indian software industry, technology czar N R Narayana Murthy Wednesday equated India's success in this space with China's emergence as 'the factory of the world'.
Nov 26, 2014, 20:47 PM IST
Cognizant acquires digital solutions firm in Australia
IT services major Cognizant has acquired enterprise mobility, web and cloud solutions firm, Odecee, for an undisclosed amount.
Nov 12, 2014, 16:09 PM IST
