Cognizant Technology Solutions

Cognizant forecasts slowest revenue growth in 14 years

IT services provider Cognizant Technology Solutions Corp ( CTSH.O ) forecast its slowest quarterly revenue growth in 14 years, adding to mounting worries about clients keeping a tight lid on technology spending. Shares of the company, which also reported its first revenue miss in six quarters, fell as much as 8.7 percent to a year-low of $53.46 in morning trading on Monday. Cognizant, whose rivals include Indian IT services firms such as Tata Consultancy Services ( TCS.NS ) and Infosys Ltd ( INFY.NS ), said the financial services sector was off to a slow start this year.

Layoffs: Case filed vs Disney, HCL, Cognizant aims to stop "systemic abuse" of immigration

Cognizant acquires Equinox Consulting of France

IT major Cognizant has acquired French financial services consulting firm Equinox Consulting for an undisclosed sum.

Bearish Cognizant guidance spells trouble for IT stocks

Cognizant saw a revenue growth of 7.8 percent on sequential quarters, well ahead of its Indian IT peers. A sequential guidance of only 2.8 percent for the December quarter, however, has dampened the sentiments.

TCS, Cognizant leaders; Infosys, Wipro laggards: Brokerage firms

Analysts at brokerage firms today said the transition and exit of key managers at Infosys and Wipro and the economic slowdown have left them trailing behind peers TCS and Cognizant.

Pressure builds on Infosys to make a large acquisition with $4 bn cash hoard

India's IT behemoth, Infosys is under pressure to make a mega buyout and put its $4 bn cash pile to use. Chairman K V Kamath has urged the management to be bold and take risks.

Cognizant inks $330 mn multiyear pact with ING US

Under the deal, Cognizant will purchase ING's facility in North Dakota and sub-lease some of the insurer's offices in Iowa.

IT Cos seek Obama's intervention on L1visa delays

In a letter to Obama, these companies claimed that immigration authorities were exceeding the law in rejecting their applications for L1 visas, which are used for intra-company transfers of employees from foreign offices to US offices, Computerworld has reported.

After Wipro, Cognizant to zoom past Infosys too?

Even though Cognizant has lowered its full year revenue guidance, it looks all set to overtake Infosys as the second-largest IT company.

Cognizant beats profit forecasts but cuts full-year outlook

Analysts on average were expecting full-year earnings of $3.45 per share on revenue of $7.54 billion.