Page 2 - Cognizant

Nasdaq-listed Cognizant lifts revenue guidance on strong client spending

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

Cognizant Q3 profit up 7.3% to $5.4 billion, raises full-year outlook

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 ..

H-1B visa scrutiny: TCS, Cognizant among 10 firms in US crosshairs

TCS and Cognizant have been questioned by US lawmakers on their H1-B hiring and layoffs, as scrutiny of visa use and alleged bias in favour of South Asian workers intensifies

Cognizant CEO Ravi Kumar says firm back in top four IT services firms

Ravi Kumar said Cognizant has rejoined the top four IT services firms globally ahead of his 2027 target, supported by steady growth, large deals, and margin expansion

Cognizant can use logo again: SC sets aside High Court's injunction order

The Supreme Court set aside a Bombay High Court order that blocked Cognizant from using a logo similar to ATYATI's mark, asking the HC to decide the case within six months

Vibe coding flips the script on IT hiring, opens doors for non-tech talent

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

Cognizant to roll out pay hikes for 80% employees from November 1

The pay hikes for consistent high performers is likely to be in higher single digits in India, whereas top performers are expected to get the highest raise

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Nasdaq-listed IT company gains on performance of BFSI and health science verticals, and large deal wins

Cognizant undecided on salary hikes, plans rollout for most by year-end

Facing global uncertainty, Cognizant delays salary hike decision and targets second-half rollout while continuing to hire freshers and expand AI-driven roles

Cognizant Q2 net profit rises 14% to $645 mn on BFSI, healthcare gains

Cognizant posted 14 per cent rise in Q2 net profit to $645 million, with strong growth in healthcare and BFSI verticals and two mega deals boosting revenue

Cognizant Q2 profit rises 14%, lifts revenue growth forecast to 4-6%

Cognizant on Thursday reported better-than-expected growth with net income rising 14 per cent year-on-year to USD 645 million for the June 2025 quarter, as the Nasdaq-listed IT services firm raised the lower end of its full-year revenue growth forecast, pegging it at a 4 to 6 per cent range. Cognizant's revenue for the second quarter - it runs on a January to December fiscal year cycle - was at USD 5.25 billion, increasing 8.1 per cent year-over-year or 7.2 per cent in constant currency terms, according to the earnings release. The cranking up of the lower end of the guidance band is on account of outperformance in the first half of the year, two mega deals won, as well as agentic solutions and AI unlocking new spends, the top management said. "Our second quarter revenue performance exceeded the high end of our guidance range, underscoring the effectiveness of our strategy to build a resilient and durable portfolio that positions us to win in the AI era," Cognizant CEO Ravi Kumar S

Investment firm Recognize raises $1.7 bn for second digital services fund

Francisco D'Souza's firm closes second fund in under five months, targets mid-market digital services firms and completes multiple exits including to IBM, Insight

Cognizant to invest ₹1,500 cr in Andhra, pledges to create 8,000 jobs

Andhra Pradesh Information Technology Minister Nara Lokesh on Wednesday said that IT major Cognizant will set up a major campus here with an over Rs 1,500 crore investment, creating 8,000 jobs in three phases on a 22-acre site at Kapuluppada IT Hills. Lokesh said the government approved the project to position Andhra Pradesh as a global technology hub and promote digital skilling in tier-2 cities. "We welcome Cognizant to Vizag. This investment will accelerate regional growth and future-ready workforce development," said Lokesh in a release. Cognizant's presence is expected to boost the regional digital economy, enhance tech skills, and benefit from Andhra Pradesh's infrastructure, business-friendly policies, and IT and Information Technology Enabled Services (ITES) sectors support, said the minister. Cognizant will begin operations by early 2026 from a temporary facility for 800 staff until Phase-I of the permanent campus is ready by early 2029, said the release. "We are proud t

Infosys accuses Cognizant of poaching key talent to sabotage Helix platform

Infosys has named two top Cognizant executives in a US court filing, alleging poaching of staff tied to its Helix platform and reigniting a long-running legal dispute over trade secrets

Cognizant wins two mega deals, eyes return to IT top four by 2027

IT firm doubles down on AI-led productivity and large transformation contracts

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