Page 12 - Cognizant

IT firm Cognizant bets big on automation advisory service in BPM space

Cognizant is driving intelligent process automation (IPA) with clients in key verticals such as health care, banking, and financial services

Cognizant chasing top 100 clients to up digital services revenue

Firm appoints chief digital officers for each of its verticals

Cognizant sees demand uptick in financial services, says Rajeev Mehta

Nasdaq-listed Cognizant says it is seeing good demand across all verticals

Cognizant Q3 net profit dips 3.6% to $477 million on weakening rupee

The company had registered a net profit of $495 million in July-September 2017, Cognizant said in a statement

Cognizant Q4 revenue forecasts miss estimates on higher investments

Cognizant said its revenue from healthcare services grew 9.6 percent to $1.19 billion, in line with analysts' estimates

Cognizant lays off 200 senior executives in bid to realign workforce

The process, which was completed in August, is likely to cost $35 million to the company

Cognizant to acquire digital engineering and consulting firm Softvision

BS ReporterUS-based IT major Cognizant has entered into a definitive agreement to acquire Softvision, LLC, a privately-held digital engineering and consulting company focused on agile development of innovative software solutions and platforms for an undisclosed amount. The transaction is expected to close in the fourth quarter of 2018 subject to the satisfaction of the closing conditions, including regulatory review.In the end of September, Reuters has reported that the Teaneck-based company is looking at the Private Equity-backed Softvision for about $550 million to boost its digital business. Softvision is into developing custom digital products using unique collaborative engineering methods. The combination of capabilities from Softvision and Cognizant would create one of the top digital engineering companies in software product development, said the company.Founded more than 20 years ago in Silicon Valley, Austin, the Texas-based Softvision works with Fortune 500 clients in ...

Michael Patsalos-Fox succeeds John E Klein as Cognizant's new chairman

Patsalos-Fox is currently chairman, president and CEO of Vidyo, a leading visual communications services provider

Cognizant to acquire Noida-based salesforce consulting firm SaaSfocus

Acquisition to help Nasdaq-listed firm to enhance its cloud consulting capabilities, expand presence in APAC

Cognizant to acquire SaaSfocus to strengthen business in India, Australia

The transaction is expected to close in the fourth quarter of 2018, subject to certain closing conditions

Francisco D'Souza elevated to Vice Chairman at Cognizant, retains CEO post

The appointment comes almost a year after its previous Vice Chairman Lakshmi Narayanan stepped down by not seeking re-election

Cognizant enters coveted Fortune 200 list on improved earnings

Company now ranks at 195; it was placed at 205 in 2017

Our hiring has come down but we will still hire: Cognizant's Chatterjee

From that perspective, any growth that will happen now will definitely necessarily mean that there will be a net headcount addition, said Debashis Chatterjee

Cognizant acquires Belgium-based analytics company Hedera Consulting

Hedera Consulting is a consulting company specialised in growth strategy, digitisation, innovation and commercial excellence for clients across industries, including financial service

Cognizant develops blockchain solution in partnership with Indian insurers

The solution will help insurers reduce the risk of data breaches, fraud and money-laundering, while delivering a superior experience to customers

Cognizant to deposit $75 mn in suspense account after tax demand dispute

The dispute involves the I-T Department's recent assertion that the company owes additional taxes in connection with a $2.8-billion share buyback transaction undertaken by a subsidiary in 2016

Deposit 15% of Rs 28 bn tax demand in a separate account: HC to Cognizant

The Madras High Court today directed the Income Tax Department, in the Rs 28 billion tax dispute with It major Cognizant, to lift the attachment of a JPMorgan account. The Court also directed Cognizant to deposit 15 per cent of the tax demanded in a suspense account to lift the attachment of some of the other accounts.Earlier, on March 22, 2018 the Department had issued an order seeking Cognizant to pay 15 per cent tax on a Rs 194.15 billion paid by the company under a scheme to its shareholders overseas. It has also attached the bank accounts of the company, immediately, alleges the company.P S Raman, who appeared for the company, in the Madras High Court today argued that since all the 68 bank accounts have been attached, the company not able to pay its vendors for the last eight days.He argued that as per a latest affidavit by the department, it has issued a show cause notice on the same day it attached the bank accounts, which is questionable.The company has sought the court's ...

Paid all applicable taxes, I-T dept's position without merit: Cognizant

Cognizant says it will 'continue to vigorously defend itself and will pursue all available legal remedies'

IT Department attaches Cognizant's bank accounts on a Rs 25 bn dispute

As per the Department, DDT has to be paid on any distribution, or reduction of capital, to the extent of accumulated profits defined as dividends

Investigation, legal expenses towards FCPA violation costs Cognizant $63 mn

Company said costs towards FCPA violation in 2017 alone was $36, more expenses to incur in 2018