The Nasdaq-listed company posted a net profit of USD 582 million, up 2.8 per cent sequentially and 10.8 per cent year-over-year. Quarterly revenue also saw a steady climb, reaching USD 5 billion, an increase of 4 per cent from the previous quarter and 3 per cent compared to the same period last year
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Chand had joined Cognizant in August 2019 and previously held positions at Ranbaxy, Dell Technologies and CenturyLink
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The New Jersey-headquartered firm claims that Infosys extracted data from its proprietary databases to develop and market competing software products
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He will succeed Rajesh Nambiar, who will leave the company at the end of September to become the president of IT industry trade association Nasscom
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The company explained in a statement that this distinction was lost in the public discourse, leading to misconceptions about its compensation practices
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The acquisition is expected to strengthen Cognizant's foothold in key sectors such as aerospace, defense, space, and automotive industries in North America and the United Kingdom
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Cognizant has set a cautious yet hopeful revenue growth forecast for the second quarter of FY24, ranging from 0 to 1.5 per cent
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Cognizant's focus is not solely on external growth through acquisitions but also on internal talent development, says the CEO
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The collaboration between the two tech giants is set to extend Microsoft 365 Copilot to a million users among Cognizant’s Global 2000 clients
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