Latest News, Updates & Breaking Headlines
BENGALURU: Cognizant has said its board approved a $2 billion increase to its existing share repurchase programme and raised its 2026 share buyback target to $2 billion, up from the earlier target of $1 billion. The additional $1 billion in buybacks is expected to be completed during the Sept quarter of 2026.The announcement pushed Cognizant’s…
Bengaluru: In a bid to strengthen its AI infrastructure capabilities, Cognizant is acquiring Astreya, a tech firm specialising in AI infrastructure and data centre services, in a deal valued at about $600 million – its third-largest acquisition after Trizetto and Belcan. Astreya manages over 500,000 end users and supports nearly 30% of the world’s data…
Bengaluru: Cognizant CEO Ravi Kumar S’s realised compensation for 2025 stood at $10.6 million, up nearly 29% from the previous year, according to the company’s 2026 proxy filing. This included a base salary of $1.3 million, an annual cash incentive of $4.3 million, and RSU payouts of $4.9 million. Realised compensation reflects the actual pay…
A cooking gas crunch, stemming from the West Asia conflict, has forced major Indian IT firms like Infosys, TCS, and Cognizant to drastically cut canteen services. Employees are now compelled to bring packed lunches, impacting thousands who rely on office cafeterias, especially those in PGs and hostels with limited options. People in corporate sector jobs…
Bengaluru: After Infosys, Cognizant has encouraged employees to adopt BYOF (Bring Your Own Food) wherever feasible, as part of efforts to reduce reliance on office cafeterias while it monitors the evolving situation linked to the West Asia crisis. The advisory comes as tensions in the region begin to ripple through global energy markets, particularly affecting…
Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…
BENGALURU: Cognizant flagged risks from potential anti-outsourcing legislation in its annual report released on Thursday, warning that such measures and persistent negative perceptions around offshore services could impair its ability to serve clients and weigh on its business and financial performance. The company also highlighted reputational risks linked to offshore outsourcing, including allegations of job…
BENGALURU: Cognizant is learnt to have secured a deal worth over $1 billion from Swiss pharma major Novartis as part of a consolidation contract that includes renewals as well as new scope spanning application services, infrastructure, data and AI-led offerings, people in the know told TOI. This marks the second consecutive billion-dollar deal for Cognizant…
Cognizant has reportedly started training select executives on ProHance, a workforce management tool that monitors how long employees remain active on their laptops and tracks which applications and websites they use during work hours. The move is said to signal the IT giant’s push toward micro-level productivity tracking across certain delivery teams.According to a report…
BANGALURU: Cognizant reported revenue of $5.4 billion for the Sept quarter, marking a 7.4% year-on-year rise and a 3.2% sequential increase in dollar terms. In constant currency, revenue grew 6.5%, including a 2.5% contribution from inorganic growth. Sequential growth stood at 2.8%. Cognizant’s strong quarterly performance lifted its shares 6.6% in early Nasdaq trading following…
