Cognizant bets on digital biz with acquisitions in new markets
4 years, 9 months ago

Cognizant bets on digital biz with acquisitions in new markets

Live Mint  

BENGALURU: Cognizant Technology Solutions Corp plans to strengthen its digital business with a string of strategic acquisitions that would allow the IT major to enter new geographies beyond North America. We are also focusing on digital revenue growth from the geographic dimension as we plan to penetrate deeper into European and Asian markets,” Pradeep Shilige, global head of delivery - Cognizant, said in an interview. “Our goal is to double investments and capabilities in the chosen battleground areas that together represent end-to-end digital transformation for our clients,” Shilige said. “These acquisitions come on the back of six acquisitions we made in 2018, five of which ― Hedera Consulting, SaaSfocus, Advanced Technology Group, Softvision, and Mustache ― involved digital companies,” Shilige said.

Digital Acquisitions Revenue North America Cognizant Shilige  total  cognizant  digital  acquisitions  capabilities  north  bets  revenue  technology  biz  shilige  acquired  markets

History of this topic

Cognizant\'s acquisitions to strengthen digital offerings
2 years, 5 months ago

Cognizant\'s acquisitions to strengthen digital offerings

Deccan Chronicle  

HYDERABAD: Cognizant, one of the world's leading professional services companies, is looking at acquisitions in the next six months as it seeks to expand its presence in digital technologies. This year too we expect to have some movement on this front," Rajesh Nambiar, executive vice-president, chairman and managing director of Cognizant India, told Deccan Chronicle on Thursday, after announcing the …

Cognizant profit grows on record revenue
2 years, 5 months ago

Cognizant profit grows on record revenue

Live Mint  

Nasdaq-listed Cognizant Technology Solutions Corp. reported a 12.7% rise in net profit to $577 million for the June quarter from $512 million a year ago, on the back of a 9.5% rise in revenue in constant currency from the year-ago period to $4.9 billion. Revenue from financial services grew 5.1% in constant currency from a year ago driven by growth …

Cognizant to Recruit 1 Lakh Employees this Year, 45,000 Freshers from India by 2022
3 years, 5 months ago

Cognizant to Recruit 1 Lakh Employees this Year, 45,000 Freshers from India by 2022

News 18  

Cognizant, the US-based information technology company is looking at hiring around one lakh people this year. Cognizant CEO Brian Humphries said, “Against this backdrop, we continue to take a series of actions to reduce attrition, including compensation adjustments, job rotations, reskilling and promotions and a host of associated engagement activities…we now expect to hire approximately 100,000 laterals in 2021 and …

Cognizant Q1 net profit up 37.6% to $505 mn
3 years, 8 months ago

Cognizant Q1 net profit up 37.6% to $505 mn

Hindustan Times  

IT company Cognizant has reported a 37.6% rise in its March quarter net income at $505 million, and said it expects its revenue to grow 7-9% during the year. The firm, which has about 200,000 employees based in India, saw its March 2021 quarter revenue growing 4.2% to $4.4 billion over the year-ago period. Cloud migration and digital adoption create …

Cognizant slashes jobs as part of cost cutting, revamp plans
5 years, 2 months ago

Cognizant slashes jobs as part of cost cutting, revamp plans

Live Mint  

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “This will result in an annual cost savings of $500-550 million, which will be reinvested in growth,” chief executive officer Brian Humphries said in a telephonic interview on …

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