Cognizant

The IT services firm plans to scale its frontier-certified engineers to 5,000 and frontier business operators to 10,000 as enterprise AI adoption gathers pace

The study finds AI is rapidly transforming entry-level roles, with employers increasingly prioritising adaptability, AI fluency and human-centric skills over traditional expertise

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

Cognizant may cut up to 15,000 jobs as it pivots to an AI-led model, reflecting deeper shifts in IT services economics and weakening demand

Cognizant plans layoffs and restructuring under Project Leap, focusing on AI-led transformation, productivity gains, and cost savings amid a challenging macro environment

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

India has a "unique" position in AI enablement due to its deep technology foundation and large pool of people who understand digital systems and processes, according to Babak Hodjat, Chief AI Officer at Cognizant. Hodjat told PTI that while AI tools are increasingly generating more and more codes, developers will still be needed to build modular systems and evaluate the quality of outputs produced by AI. "So this is not going to go to waste...A coder using AI is going to be well ahead of a non-coder using AI," he said. Artificial Intelligence is empowering more professionals across fields, even though core tech expertise remains valuable, Hodjat believes. The recent India AI Impact Summit, held in New Delhi, showed the extent to which the country is prioritising artificial intelligence. "India has a unique position because they have a starting point that is ahead of everyone else. Because you have a tech-savvy population and you are building on solid grounds which is the technolog

Cognizant CFO Jatin Dalal says the BPO segment is expanding faster than the core business and delivering better margins as generative AI boosts productivity and enlarges the addressable market

IT services firm cites tighter immigration rules and rising visa costs in key markets, warning of impact on staffing, mobility programmes and project execution

Cognizant awards a 100% bonus after beating growth estimates, with CEO Ravi Kumar saying the company has reached its "winner's circle" ahead of schedule

US-listed IT major beats growth guidance for 2025 on strong deal wins, margin expansion and rising financial services demand

The complaints state that TriZetto, which provides healthcare claims, failed to protect personal data and did not inform affected people in a timely manner after a cyberattack

Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.

Even if the LLM funding bubble bursts, enterprise AI adoption-driven by agentic systems and real use cases-will remain intact, says Cognizant's chief AI officer

Microsoft deepens its India AI push as Cognizant, Infosys, TCS and Wipro commit to deploying over 50,000 Copilot licences each, signalling a rapid scale-up of agentic AI adoption across enterprises

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.

Just three years ago, Infosys had almost caught up, reducing the revenue difference from $3 billion to just a few hundred million dollars

Cognizant CFO Jatin Dalal said the company is evaluating a primary offering and secondary listing in India, potentially becoming the first foreign IT major to list on Indian bourses

US-based IT major Cognizant, which has a substantial number of employees in India, is actively exploring the possibility of a primary offering and a secondary listing in India, a top company official said. A primary offering typically involves raising new capital by issuing new shares, thereby increasing the company's share capital, whereas a secondary listing involves selling already issued shares in a new market. The potential secondary listing would enable NASDAQ-listed Cognizant to offer its shares on Indian stock exchanges, increasing its visibility among Indian investors and potentially enhancing market liquidity. Cognizant's board and management team regularly assess opportunities to enhance shareholder value. Towards this end, we have been assessing a potential primary offering and a secondary listing in India with our legal and financial advisors. "As part of this comprehensive review, which is still in its early phase, we are engaging various stakeholders from both India

Strong Q3 revenue growth and client investments in digital modernisation drive optimism