Cognizant Technology

Cognizant aims to boost investor confidence amid a 38% stock decline this year. The buyback increase reflects the company's belief in AI's long-term growth potential.

India's IT giants, including Infosys and Cognizant, are moving towards fixed-price and outcome-based contracts, driven by AI automation. This shift signifies a departure from traditional time-and-material billing, promising better profitability and efficiency.

Cognizant joins TCS and HCLTech in cutting shareholder payouts as it channels more free cash flow into AI-led acquisitions and capability building.

An internal memo cited “real and accelerating” industry shift as Cognizant trims costs, expands through Astreya acquisition, and channels savings into AI investments

Cognizant’s Project Leap restructuring targets $300 million in savings and margin expansion, even as the company lowers full-year guidance amid a softer demand environment.

Capgemini, Cognizant, and EPAM are increasing India headcount to leverage local talent as demand for tech workers rises due to AI integration. This trend, driven by a need to protect margins, contrasts with some Indian peers reducing workforce. Read the trend-spotting story to know more.

Cognizant won a multi-year deal of more than $300 million from Daimler Trucks. Kumar was instrumental in winning the Daimler contract for Infosys during his stint at India's second-largest software services provider.

At least 100 individuals are likely impacted as lawsuits claim Cognizant delayed disclosing TriZetto data breach, causing potential identity theft and financial losses.

The genesis of the case goes back to 2023 when Franchitti, representing the US government, said Cognizant had knowingly concealed, misused, and brought employees to the US on other visas, thereby paying lower dues to the government.