Tuesday May 5, 2015
The other factor that led to Cognizant's outperformance during the March quarter was its limited exposure to sectors such as energy and telecom, which are facing weakness and plagued the growth of TCS, Infosys and Wipro.
Reuters | Tuesday May 5, 2015
Revenue from the company's healthcare business surged about 43 percent to $879.1 million in the first quarter.
Tuesday May 5, 2015
Tata Consultancy Services led the gains in IT stocks on Tuesday after Cognizant Technology Solutions beat Q1 estimates on Monday. Shares in New Jersey-based Cognizant, whose majority of employees are in India, jumped as much as 11 per cent to a recor...
Thomson Reuters | Monday May 4, 2015
IT service provider Cognizant Technology Solutions Corp reported a 20 per cent rise in quarterly revenue, helped by higher spending by healthcare and financial services clients in North America.
Press Trust of India | Wednesday February 11, 2015
The IT services firm has signed a three-year agreement, with the US-based retailer for its Cloud360, a proprietary enterprise-class cloud management platform developed on Amazon Web Services for its portal applications.
Friday February 6, 2015
The realignment will take effect from April 1, 2015. As part of the restructuring process, Infosys will be organised into sales, delivery and business-enabling functions.
Thursday February 5, 2015
The broader Nifty also advanced in the morning trades owing to buying in IT heavyweights like TCS, Infosys, Wipro and HCL Technologies.
Thursday February 5, 2015
Cognizant Technology Solutions Corp's robust revenue growth forecast for 2015 boosted sentiments in domestic outsourcers on Thursday; the IT sub-index on the Bombay Stock Exchange jumped 1 per cent in a flat market.
Reuters | Saturday February 21, 2015
Cognizant also forecast full-year 2015 revenue growth of at least 19 percent, higher than the 16.1 percent achieved in 2014.
Wednesday February 4, 2015
The company also forecast full-year 2015 revenue growth of at least 19 per cent, higher than the 16.1 per cent achieved in 2014, which was the weakest in the company's 20-year history.
Wednesday November 26, 2014
Bullish on growth of the Indian software industry, technology czar N R Narayana Murthy has equated the country's success in this segment with China's emergence as 'the factory of the world'.
Wednesday November 12, 2014
As part of the acquisition, about 150 digital specialists with expertise across enterprise mobile, web and cloud services will join Cognizant, it added.
Thursday November 6, 2014
Chief Financial Officer Karen McLoughlin told Reuters that spending by clients in pharmaceutical and life sciences industries was recovering after several quarters of slow growth.
Reuters | Wednesday November 5, 2014
The company also reported higher-than-expected revenue and profit for the third quarter as revenue rose from its North American and European clients.
Wednesday November 5, 2014
The company's net income rose to $355.6 million, or 58 cents per share, in the third quarter ended September 30 from $319.6 million, or 53 cents per share, a year earlier.
Saturday October 25, 2014
Software services major Cognizant has bagged a six-year deal from Germany's Vorwerk Group to transform its IT infrastructure and provide application services.
Indo-Asian News Service | Friday October 24, 2014
"Vorwerk has selected us to transform its IT infrastructure and provide application services for standardising and centralising its operations and reduce costs," said Cognizant.
Wednesday October 22, 2014
Wipro Ltd, India's third-biggest software services firm, narrowly missed market expectations with an 8 per cent rise in second quarter profit, but said it saw a rosier end to the year as more confident US clients increase spending.
Thursday October 9, 2014
Infosys will report its September quarter earnings on Friday. Infosys quarterly results are closely tracked by market analysts because its numbers often decide the direction of the broader markets. Infosys has the second highest weightage in the Nift...
Tuesday October 7, 2014
Nasdaq-listed IT company Cognizant has acquired digital marketing company Cadient Group, which serves a broad spectrum of life sciences companies, for an estimated $30 million.
Monday September 15, 2014
Cognizant Technology Solutions Corp has said it would buy privately held healthcare IT services provider TriZetto Corp for $2.7 billion in cash.
Tuesday September 9, 2014
Analysts said, this helps in light of the recent cut in outlook from Cognizant Technology Solutions Corp and Accenture Plc.
Wednesday September 3, 2014
Infosys chief financial officer Rajiv Bansal told Nomura analysts Ashwin Mehta and Pinku Pappan that the company has taken measures like wage hikes, regular promotions, and reducing uncertainty on take-home salaries on the monetary front. Infosys is ...
Friday August 8, 2014
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...