Page 2 - Cognizant

Cognizant says winning large and mega deals regularly helping growth

With 24 large deals won last year and four in Q1, Cognizant says its ecosystem for securing mega contracts is key to regaining a top-four global IT services ranking

Cognizant Q1 net income rises 21.4%; maintains full year revenue guidance

Revenue for the Q1 CY25 grew 8.2 per cent in constant currency to $5.1 billion compared to the same quarter last year

Cognizant to recruit 20,000 freshers in 2025 amid AI, services push

US IT firm Cognizant, which has a huge employee base in India, has announced plans to hire 20,000 freshers in 2025 -- a move intended to reshape the company's talent pyramid, particularly to support managed services and AI-led software development. While the company's overall headcount remained nearly flat compared to previous quarter at 3,36,300, Cognizant's leadership highlighted the strategic importance of talent amplification as the firm accelerates its growth and innovation agenda. "As we stated at our Investor Day, we are hiring 20,000 freshers as part of our strategy, which is more than double what we did last year," Cognizant CEO Ravi Kumar S said. This year, Kumar noted that the company plans to hire many more fresh graduates to build a stronger workforce pyramid, especially since managed services projects have increased over the past two years. "But it also comes equally with a overhead of carrying higher bench at a lower cost and actually offshore," he said. He said the

Cognizant CEO Ravi Kumar's annual pay up 11% at $16.1 million in 2024

The board said it has full faith in its chief executive as he tries to steer the company from years of underperformance to his stated goal of becoming one of the top four IT services players by 2027

Citizens Financial Group to set up its GCC in Hyderabad with Cognizant

The centre is expected to scale to a headcount of 1,000 information technology and data & analytics professionals by March 2026

Infosys sues Cognizant, claims unfair trade practices in US court fight

Infosys has escalated its legal battle against Cognizant, accusing the US-based firm of anti-competitive practices and monopolisation in the healthcare software market

Cognizant names Sailaja Josyula as Global Head of GCC Service Line

IT major Cognizant on Tuesday said it has appointment Sailaja Josyula as Global Head of its Global Capability Center (GCC) Service Line. Based in Hyderabad, she will oversee "the definition and execution" of Cognizant's global GCC strategy, establishing and leading a cross-functional team, a company statement said. "With her extensive experience and proven track record, Sailaja's leadership will boost our ability to build and scale GCCs, delivering great value for our clients," said Surya Gummadi, President, Americas, Cognizant. Josyula has rejoined Cognizant after a brief stint at EY. Between 2018 and 2024, she held several leadership roles at Cognizant, including serving as the Hyderabad Center Head and Global Head of BFSI Operations Delivery. With nearly 30 years of experience, she has also held leadership positions at Thomson Reuters and HSBC.

Cognizant looks to break into top four IT services companies by 2027

Company focusing on AI and training employees to regain leadership position, says annual report

As AI progresses, academic degrees take a backseat to skills in hiring

Increasingly, companies are looking for candidates that have hands-on experience and specialized certifications rather than just a engineering degree

Explained: Why Infosys, Cognizant are battling it out in a US court

Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive

Cognizant confirms on-time salary hikes, merit increases in August

Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March. "Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said. The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.

Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25

The Nasdaq-listed firm reported a revenue growth of 6.7 per cent for the fourth quarter

US-based Cognizant sees headcount decline by 10,700 to 336,800 in Q4

Cognizant results: The US IT giant, that follows a Jan-Dec financial year, reported $19.7 billion in revenue at the end of 2024

Infosys countersues Cognizant, its CEO in battle over misuse of information

Infosys, which filed this suit in the Northern District of Texas, has requested a jury trial and demanded triple the damages it claims to have suffered

Cognizant CEO discusses development of largest Indian campus with Odisha CM

Cognizant CEO Ravi Kumar S met Odisha Chief Minister Mohan Charan Majhi on Friday to discuss the development of the American IT firm's biggest campus in India in the state, a statement said. At the meeting, Majhi said the state government would allot land in Bhubaneswar city for development of the Cognizant campus and provide all support, it said. "Both discussed on developing Cognizant campus in Bhubaneswar as its biggest centre in India," it added. Ravi Kumar S, who is of Odisha origin, was in Bhubaneswar to attend the 18th Pravasi Bharatiya Divas convention. He expressed happiness over the growth of the firm's existing centre in Bhubaneswar, and exuded confidence that it would grow further in the next five years, the statement said. The CM sought his cooperation for bringing more investments in the IT sector in Odisha, and he assured all help, it said. Majhi congratulated him for his success and the Pravasi Bhartiya Samman being conferred on him.

Cognizant Q3 FY24 net up 10.8%; narrows revenue growth guidance for FY24

IT company reports 'large deals' in the quarter and 'momentum' in its AI services

Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar

AI is a unique technology and it will disrupt the knowledge worker

Cognizant engaged in discriminatory conduct against non-Indians: US jury

Cognizant had the highest number of H-1B visas of any US employer from 2013 to 2019, according to Citizenship and Immigration Services

Bringing the momentum back to country: Cognizant CEO Ravi Kumar S

Momentum back; wish next CEO from within Cognizant: Ravi Kumar S

Cognizant announces plans to establish techfin centre at GIFT City in 2025

Global tech firm Cognizant on Monday announced its plans to establish a 'techfin centre' at Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The new facility, set to launch in February 2025, will serve as a strategic hub for delivering advanced technology solutions for clients in the banking, financial services, and insurance (BFSI) industries, the company said in a statement. The centre will initially house 500 associates, with plans to scale up to 2,000 employees over the next three years, it said. Gujarat Chief Minister Bhupendra Patel said Cognizant's new centre in GIFT City reflects the state's ability to attract world-class enterprises and provide a robust environment for innovation and growth. "GIFT City's state-of-the-art infrastructure, business-friendly policies, and strategic location are key drivers in shaping it into a global financial and technology hub. We remain committed to further strengthening this ecosystem, ensuring that GIFT City continues to p