Cognizant Technology Solutions Corp News
IT companies are hunting deals rather than waiting for clients to float tenders
While IT service providers, including Cognizant Technology Solutions and Zensar Technologies, said they are bagging deals through client mining efforts, peers Birlasoft Ltd and Firstsource Solutions Ltd are focusing on creating large deals.
4 min read11 Jun 2025Two tech executives face trial under a bribery law Trump has put on hold
Jury selection in the case of two former Cognizant executives will start Monday, despite the president’s brake on the Foreign Corrupt Practices Act.
2 min read3 Mar 2025Belcan growth uncertain as Trump administration looks to optimise federal spend
Belcan, which Cognizant acquired for $1.3 billion in June 2024, gets more than three-fourths of its business from commercial aerospace, defence and space, whereas 40% comes from US federal contracts. With the US clamping down on govt spending, sectors that contribute to Belcan’s growth may suffer.
4 min read16 Feb 2025Cognizant’s 2024 rebound: A real recovery or an acquisition boost?
A $1.7-billion spending spree fuelled Cognizant's growth in 2024, helping its revenues rebound from a decline the previous year.
2 min read6 Feb 2025Infosys denies stealing Cognizant's trade secrets, asks firm to identify them
The row between the two IT services firms arose in August 2024 when Cognizant alleged that Infosys stole trade secrets of its software products used to process insurance claims in the healthcare sector.
5 min read27 Jan 2025Infosys poised to regain its No.2 rank as quarterly revenue edges past Cognizant
Infosys is on pace to reclaim its position as India’s second-largest IT services firm, with its quarterly revenue edging past Cognizant’s after a 14-year chase.
2 min read18 Oct 2024US seeks L&T chair S.N. Subrahmanyan’s testimony in Cognizant bribery case
Former Cognizant COO Gordon Coburn and chief legal officer Steven Schwartz face bribery charges for allegedly approving illicit payments to speed up construction permits in India. The US is seeking testimony from Subrahmanyan and other L&T and Cognizant employees for the trail in March.
4 min read20 Aug 2024Cognizant Faces Fresh Backlash, Offers 1% Salary Hike After '2002 Pay Package' For Freshers
Cognizant Technology Solutions has reportedly given some employees annual salary hikes as small as 1%. This comes as the global technology services company rolled out salary hikes after a four-month delay. What's the issue? Watch this video to know all the details!
16 Aug 2024Cognizant edges past expectations in June quarter, but future imperfect
The New Jersey-headquartered Cognizant, which has about three-fourths of its employees in India, recorded its biggest headcount decline in a three-month period. That and its muted commentary have raised questions if Cognizant can maintain its growth.
3 min read1 Aug 2024Cognizant warns defiant staff: Back to office, or you may be out
In April, Cognizant Technology Solutions Corp. asked those who have not returned despite warnings to refer to earlier communications from business leaders on in-office expectations
3 min read14 May 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared