CEO says revenue and bookings below expectations, but company will return to 'accelerated growth'
Kumar will be reporting directly to Brian Humphries, CEO Cognizant.
If our clients are seeing some headwind that will eventually have impact: Cognizant India's Rajesh Nambiar
Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis
Rajesh Nambiar shall remain Cognizant CMD and executive Vice-President of India
NICL is one of India's leading public sector general insurance companies
Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.
India will see the majority of this hiring
Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.
NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor
As digital transformation gets in top gear, IT companies lead the pack and the top 3 firms are Tata Consultancy Services, Accenture and Cognizant, respectively, ramping up IT investments and hiring
Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.
The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.
Cognizant has said it expects its revenue to grow 8-11% in annual constant currency terms during 2022-24
In a Q&A, the company's CMD also dwells on retention mechanisms and growth drivers in a firm that beat Q3CY21 estimates despite 33% attrition
IT companies like Infosys and Wipro are witnessing high attrition numbers
Revenue for the financial year 2021 was Rs 29,682 crore, a fall of nearly 5 per cent from the revenue in the previous year.
In February 2019, Cognizant agreed to pay $25 million to settle a related U.S. Securities and Exchange Commission civil probe
The company continues expanding in key strategic focus areas for digital -- digital engineering, data and artificial intelligence, cloud and the Internet of Things
The company has spent $2 billion since 2019 to bolster its cloud and digital play through acquisitions