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'Cognizant' - 123 News Result(s)

  • Infosys Promotes 5,000 as CEO Vishal Sikka Checks In

    Infosys Promotes 5,000 as CEO Vishal Sikka Checks In

    The promotions are aimed at controlling a record attrition at Infosys, analysts say. India's second largest outsourcer had reported an annualized attrition rate of 19.5 per cent for the quarter ended June 30. In simple terms, one in five employees le...

  • Nifty Falls for Second Straight Session; IT Stocks Hit

    Nifty Falls for Second Straight Session; IT Stocks Hit

    IT outsourcers fell after Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20-year history, citing delays in booking revenue from some large deals.

  • Cognizant Matches TCS, Announces Double-Digit Salary Hike

    Cognizant Matches TCS, Announces Double-Digit Salary Hike

    At a post-earnings analyst call on Wednesday, Gordon J. Coburn, president of Cognizant said the company gave salary increments at the higher end of the industry to send a strong message to employees that they can have terrific careers and great growt...

  • Infosys Slumps as Cognizant Cuts 2014 Guidance

    Infosys Slumps as Cognizant Cuts 2014 Guidance

    Cognizant competes with Indian companies for outsourcing projects and the scaling back of guidance has renewed concerns of demand headwinds in the key markets of US and Europe, analysts say.

  • Infosys, Wipro, JSPL in Focus Today

    Infosys, Wipro, JSPL in Focus Today

    The Nifty opened lower on Thursday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors remained net buyers of Indian equities on Wednesday. FIIs bought shares worth Rs 284 crore whereas domestic investors we...

  • Cognizant Warns of Slowest-ever Revenue Growth, Shares Fall 16%

    Cognizant Warns of Slowest-ever Revenue Growth, Shares Fall 16%

    The company's net income in the second quarter ended June 30 rose to $371.9 million, or 61 cents per share, from $300.4 million, or 49 cents per share, a year ago.

  • Tech Mahindra Slumps on Q1 Margin Disappointment

    Tech Mahindra Slumps on Q1 Margin Disappointment

    Rising visa costs (100 bps), rupee appreciation (50 bps) and lower utilisation (50 bps) were among the factors that hit Tech Mahindra's margins in the June quarter, analysts said.

  • Hiring in IT-BPM to Go Up 6 Per Cent in 2014: Nasscom

    Hiring in IT-BPM to Go Up 6 Per Cent in 2014: Nasscom

    An improving global economic sentiment and a rise in technology spend are expected to drive hiring in the Indian IT-BPM sector, pushing net hiring up 6 per cent this year, industry body Nasscom said on Wednesday.

  • Cognizant Wins IT Services Deal From US-based NAPHSIS

    Cognizant Wins IT Services Deal From US-based NAPHSIS

    IT services firm Cognizant on Wednesday said it has been selected by US-based National Association for Public Health Statistics and Information Systems (NAPHSIS) to transform its Electronic Verification of Vital Events (EVVE) system.

  • Consulting, IT Services Clash Behind Infosys Exodus: Ambit

    Consulting, IT Services Clash Behind Infosys Exodus: Ambit

    According to Ambit, Infosys hired senior people at high salaries to provide consulting services, but focused on very high-end strategic consulting, which did not have as much synergy with the IT business. Consulting margins were low at 9 per cent for...

  • Infosys Leads IT Rally Ahead of Q1 Results

    Infosys Leads IT Rally Ahead of Q1 Results

    The June quarter is considered to be seasonally strong for outsourcers because most clients firm up their IT budgets by March after which new orders begin to flow. According to Nomura, tier-1 IT companies (TCS, Cognizant, Infosys, Wipro, HCL Tech and...

  • Six Companies Ink Deals to Develop IT Campuses in Kochi Infopark Project

    Six Companies Ink Deals to Develop IT Campuses in Kochi Infopark Project

    The second phase of Infopark got a major fillip with six more companies inking deals to develop IT campuses in the 160-acre project in Kochi.

  • ICICI Bank Pips Infosys, Becomes Most Popular Stock in Equity Funds: Morningstar

    ICICI Bank Pips Infosys, Becomes Most Popular Stock in Equity Funds: Morningstar

    Fund managers' patience with Infosys is running out. Share prices in India's second largest IT outsourcer declined by over 5 per cent during the March quarter. Though equity funds pared their exposure to the tech sector in the March quarter, they bou...

  • Cognizant's Profit Beats Estimates as Europe Revenue Rises

    Cognizant's Profit Beats Estimates as Europe Revenue Rises

    Technology outsourcing company Cognizant Technology Solutions Corp reported a better-than-expected profit for the first quarter as customers in Europe raised their IT spending.

  • Cognizant to acquire US-based digital video solutions firm Itaas

    Cognizant to acquire US-based digital video solutions firm Itaas

    Cognizant will acquire digital video solutions firm Itaas for an undisclosed amount, a move that will help the IT services major expand its service offerings for multi-platform video formats.

  • Unitech signs Rs 1,100-crore leasing deal with Aricent, Fidelity: report

    Unitech signs Rs 1,100-crore leasing deal with Aricent, Fidelity: report

    Realty major Unitech has leased office space in its under-construction special economic zone (SEZ) at Gurgaon in a deal that would give rental income of about Rs 1,100 crore over 15 years, according to sources.

  • Infosys to dole out promotions every quarter: report

    Infosys to dole out promotions every quarter: report

    The country's second-largest software services company, which has trailed peers TCS and Cognizant on growth, is also looking at weeding out non-performers to improve efficiency.

  • Sensex falls over 180 points amid selloff in IT, banking stocks

    Sensex falls over 180 points amid selloff in IT, banking stocks

    Outlook remained cautious as part of an emerging market shakeout driven by the Federal Reserve's gradual scaledown of monetary stimulus and fears of a slowdown in China.

  • IT stocks fall as Cognizant's 2014 outlook dampens sentiments

    IT stocks fall as Cognizant's 2014 outlook dampens sentiments

    Analysts were expecting Cognizant to grow revenue by 17-20 per cent in 2014, Reuters reported. Cognizant, which fell as much as 7 per cent in morning trading on Wednesday, ended 4.3 per cent lower to $92.85.

  • Cognizant forecasts slower growth in 2014, shares fall

    Cognizant forecasts slower growth in 2014, shares fall

    Cognizant, which puts out an annual sales outlook, said it expects revenues of at least $10.3 billion in 2014, indicating a 16.5 per cent year-on-year growth. That would be sharply lower than its 2013 growth rate of 20.4 per cent.

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