Wang, CEO of tech research firm constellation research, said the arrival of Kumar's was most likely a phased transition to CEO, but that the level of employee attrition, poor results, and client complaints created this confluence of events that led to Kumar's ascension. Fersht, CEO of tech. Investors were losing patience with the continuing underperformance under Humphries, and the hope that an experienced IT services hand like Kumar could turn things around.
Cognizant on Wednesday said it is acquiring the professional services and application management practices of OneSource Virtual, a Texas-based partner of the HR and finance management platform Workday. Ravi Kumar S has resigned as president effective Tuesday, the company said in a stock exchange filing. Kumar, who is based in New York, was one of the two Infosys presidents appointed in , and served in that role for nearly seven years before he pulled the curtains down on his year career with the company.
Cognizant promoted 42, employees in the financial year, a filing with the Ministry of Corporate Affairs and available on data platform Tofler shows.
The company's proxy filing with the US regulator SEC noted that the proposal seeks this right for the shareholders regardless of their length of stock ownership. The board has recommended a vote against the proposal as a safety net against activist investors with short-term goals.
IT major Cognizant saw a quarter of firsts while reporting its October-December results on Thursday. IT services major Cognizant on Thursday said it is offering bonuses that are "substantially higher than " and has promoted more than 24, employees across levels.
Attrition for most Indian peers were in low double digits, primarily due to the weak job market created by the pandemic. NAGPUR: In probably a landmark judgement, a trial court here on Monday convicted three MSEDCL employees, a road works contractor, sub-contractor, and the driver of the killer truck for causing the death of a food delivery man in an accident in April The accused were held guilty of negligence at the site of cable-laying works undertaken by power distribution company MSEDCL.
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News Topic News. All Articles Videos 6. Cognizant appoints Infosys veteran as CEO. Poor results, high attrition forced Cognizant board to act. Poor results, high attrition compelled Cognizant board to act.
Cognizant posts sluggish growth in September quarter. Cognizant to acquire services of OneSource. Attrition in US impacted us: Cognizant India head. Cognizant shares fall after sluggish September qtr. Cognizant to acquire professional services practices of OneSource Virtual. Many firms are looking to cut down on their rental costs after implementing work from home policies. Most of the firms have said that half of their executives will continue to work from home, directly impacting their need for office space.
In an email sent to employees from Jim Lennox, CTS's chief people officer, said revisions and promotions will be effective from October 1. The adjusted operating margin was The company said it runs an active graduate recruitment programme in Hong Kong to hire entry-level technical and management talent.
The Supreme Court has taken suo moto cognizance of proper treatment of Covid patients and dignified handling of dead bodies. Shah will conduct the hearing on the matter on Friday. SC takes suo moto cognizance of mishandling of Covid patients, dead bodies in hospitals. Recruitment firms have received at least a few tens of thousands of queries for entry to senior levels in IT services space. She brings 24 years of experience in developing talent and designing and delivering modern, market-leading HR strategies globally," he said.
IT services spending is on pace to grow Under a lot of pressure, US — especially in the banking and financial services industry —growth rates have reduced to low, single digits for top IT companies. The nod to set up India's first dedicated IT employee union is a significant moment, the first big breakthrough for techies grappling with prospects of job loss. Reportedly, she was eventually saved by some people, and police was called. But the police officials who reached the spot asked the victim to compromise.
According to industry sources, some IT companies have "voluntarily" allowed employees to work from home if there was water-logging in the localities where they reside. In the first six months of the year , Cognizant, Infosys, Wipro and Tech Mahindra have all seen their employee strength actually decline quite sharply. Several factors are at work. Automation is making thousands of entry-level jobs redundant.
Watch: Automation in IT sector may be eating up your job even before you know it. Cognizant also announced that its president Gordon Coburn had resigned and was being replaced by Rajeev Mehta, when it disclosed the bribes.
Adaptra was founded in and works with five of the top ten insurers in Australia and New Zealand. The IT outsourcing firm — which has its main development centres in Chennai -- was hired by Conduent as a subcontractor on one of its projects. Firms are analysing their real estate strategy to look at ways to substantially reduce rental costs.
Cognizant is dealing with the challenge of both winning new business in a troubled market and raising its margin. The implementation will take place in two stages, with the transfer of IT services by November and of business operations by May at the latest. As companies continue the remote-work model and look to improve the security of their networks, demand for cybersecurity roles is on the up despite uncertainty over onboarding employees amid a lockdown to combat the outbreak.
Cybersecurity incidents involving video conferencing app Zoom and at IT services provider Cognizant have also forced companies to improve safeguards. There were six Indian companies among the top 25 employers, and only one, Tata Consultancy Services, among the top ten. The programme gives participants a chance to explore other opportunities while making way for the next generation of leaders to step up.
In a bid to take stock of the situation, Nasscom is conducting a first-of-its-kind survey on the issue, which will cover all IT firms with US operations.
The company said, "Cognizant has always been a significant sponsor of Permanent Residence for associates and will continue to be so in the future. Livingston, who joined Cognizant in , grew the consulting practice from 1, consultants to nearly 6, Nifty 18, Macrotech Developers Ltd. Market Watch. ET NOW. Where the clashing clauses lie in the Cognizant-taxman dispute A CA with a popular consulting firm said: "This is an additional tax slapped on a company that purchases its own shares from its foreign shareholders.
IT companies target growth from AWS, Google and Azure units within cloud practice Most large IT service providers including Wipro, HCL Technologies and Tech Mahindra, which have signed on a number of partnerships with cloud partners in the past few quarters, are now doubling down on revenue from specific practices in their cloud units. Maze Ransomware attack to hit Cognizant revenue When contacted, a company spokesperson did not say whether the breach had been contained.
HCL, TCS, Wipro up in engineering services ranking Engineering services has been a bright spot in the overall outsourcing business in recent years.
Paid all applicable taxes, I-T dept's position without merit: Cognizant Cognizant said it will "continue to vigorously defend itself and will pursue all available legal remedies". India Inc's C-suite movement surges as companies cautiously get back to work after lockdown Most companies opted for internal talent for CEO roles amid continuing uncertainty.
Cognizant buys Belgian analytics and advisory firm Hedera Consulting The company was founded in and it has offices in Belgium and the Netherlands and clients across Europe, the UK and the Middle East. AirAsia India starts flights on six new domestic routes, expects festive demand to increase "Cognizant of the rise in passenger demand forecasted during the festive season, we continue to strengthen our network across India with these six routes," AirAsia India Chief Commercial Officer Ankur Garg said.
Indian companies to spend 2. There is a pandemic playing out. This time on your computer Hackers are out to exploit vulnerable computers as millions across the world continue to work from home. Demand for analytics, data science professionals surged in August India contributed to 9. Take cognizance of 'very bad' situation of women's safety in UP: Priyanka to Guv The Congress has been alleging that the law and order situation is deteriorating in Uttar Pradesh under the BJP rule, a charge denied by the state dispensation.
Cognizant to upskill 5, staffers The firm had planned to increase hiring in its sales vertical to build a strong team that will target niche deals in digital services.
In a first, Cognizant sees revenue growth despite fall in headcount Indian IT companies such as Infosys, Wipro and TCS have shown contractions in their headcount numbers, but their annual figures will be available only in April. Cognizant keen to 'pick up' pace of acquisitions While the company has bought a number of small firms, Cognizant said, adding it will not shy away from a large acquisition if it brought in value addition. Indian companies in top 10 H-1B applications list As per the filing, a total of , visa applications were received by the department during the third quarter April-June.
Cognizant to buy US revenue cycle management company Bolder Healthcare Solutions The transaction is expected to close in the second quarter of , subject to regulatory reviews and closing conditions.
Tax dispute won't impact pay hikes and promotions: Cognizant CFO to employees Cognizant has been under the scanner of the tax department since November last year, when it was sent across notices over tax incidences arising from share repurchases.
The shift to a work-from-home model may not get more women into workforce: Industry leaders The WFH mode may offer flexibility to women in terms of staying on at their jobs, but that is not the only enabling factor.
Will mid-tier Indian IT companies sink or swim in the era of digital and automation? Cognizant opens second centre in Brazil Cognizant said it would grow its operations in Brazil by recruiting experienced professionals as well as students from local universities and technical schools. Cognizant to accelerate pace of buys "We are going to accelerate the number of acquisitions we make, but it isn't as though we have set up a number that we have to meet," Malcolm Frank, chief strategy officer of Cognizant, said.
Has Cognizant's consulting capability withered amid demands from Elliott Management to lower costs? Cognizant earns more per person as IT sector moves to tech-based digital model Indian IT companies such as Infosys, Wipro and Tata Consultancy Services have shown contractions in their headcount numbers, but their annual figures will be available only in April. Capgemini to buy LiquidHub for about million euros LiquidHub was up for sale since the middle of last year, and private firm Apax Partners, Cognizant, Accenture and Capgemini were in the running, media reports said.
Cognizant appoints Ramkumar Ramamoorthy as India Executive Director Ramamoorthy, who was previously senior vice president - corporate marketing, corporate affairs and communications, has been with the company for 19 years. Is there a case for buying top IT stocks at current levels? Cognizant to buy TMG Health for undisclosed amount After the acquisition, TMG Health will enter into a new, expanded multi-year service agreement to continue providing information technology.
Cognizant, Accenture call on Vodafone honcho to hawk digital solutions Global CFO Nicholas Read was in Hyderabad just over a week ago, where both IT companies demonstrated their solutions to him, two sources with knowledge of the meeting said.
Cognizant to reopen dialogue with 8 employees who claim they were forced to resign The development on Friday is a hard-earned relief for the eight employees fearing the axe amid reports of higher-than-expected non-performer exits from the IT firm.
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