A put up on X (Twitter) on Cognizant’s entry-level wage went viral on Tuesday. Whereas it was for non-IT jobs, the put up opened a Pandora’s field on how the wage supplied by massive IT service firms to engineers recent out of faculty has not seen an enormous improve within the final decade. Quite the … Read more
Cognizant Know-how Options has introduced that it has resolved a lawsuit filed by Wipro towards its former chief monetary officer (CFO) Jatin Dalal. Dalal left Wipro on November 30, 2023, after being with the corporate for 21 years. He joined Cognizant because the CFO in December. A couple of days later, Wipro sued Dalal, accusing … Read more
Cognizant Expertise Options on Monday signed a definitive settlement to amass Belcan, LLC, a US-based world provider of Engineering Analysis & Growth (ER&D) companies, at a purchase order value of roughly $1.3 billion in money and inventory. The acquired enterprise’ income contribution to Cognizant in 2024 is dependent upon the timing of the shut, however … Read more
Innovation round Synthetic Intelligence (AI) has change into a nerve centre for Cognizant Expertise Options as shoppers demand AI-based providers. The corporate’s superior AI lab has already produced 53 AI patents, and functions for a lot of extra are pending. S Ravi Kumar, CEO of the US-based software program firm with a big worker base … Read more
Cognizant Know-how Options reported a 6 per cent drop in web revenue to $546 million for the primary quarter ended March 31, 2024, in comparison with $580 million for a similar interval final 12 months. Income of $4.8 billion declined 1.1 per cent year-over-year. Bookings within the first quarter declined 6 per cent year-over-year. On a trailing twelve-month foundation, … Read more
As a part of the NextGen programme, the US-based Cognizant Expertise Options in 2023 incurred $115 million of worker separation prices and $114 million of facility exit and different prices totalling $229 million. It expects to incur whole prices of about $300 million, with about $70 million of such prices anticipated in 2024, the corporate … Read more
Cognizant Know-how Options has reported a 7 per cent enhance in web revenue to $558 million within the fourth quarter ended December 31, 2023, as towards $521 million within the corresponding interval final 12 months. Income was marginally down at $4,758 million ($4,839 million). For the total 12 months ending December 31, 2023, the corporate … Read more