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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
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
US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to USD 5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between USD 5.27-5.35 billion. Cognizant which follows a January-December financial year had earned a revenue of USD 5,044 million in Q3 2024. The Nasdaq-listed IT services firm raised the lower end of its full-year revenue growth forecast, pegging it at USD 21.05-21.10 billion, as against USD 20.7-21.1 billion earlier. Cognizant CEO Ravi Kumar S said this marks the company's fifth consecutive quarter of year-over-year organic revenue growth, and its strongest sequential organic growth since 2022. We maintained our large deal momentum, signing six large deals in the quarter, bringing our year-to-date total to 16, with 40 per cent growth in large deal TCV (Total ..