Latest news on cognizant technology solutions

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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. NS , said the financial services sector was off to a slow start this year. IT major Cognizant has acquired French financial services consulting firm Equinox Consulting for an undisclosed sum.

Chairman K V Kamath has urged the management to be bold and take risks. Even though Cognizant has lowered its full year revenue guidance, it looks all set to overtake Infosys as the second-largest IT company.

With an anemic growth forecast, the IT bellwether not only faces the risk of losing its prime spot in the IT industry but also risks of being overtaken by aggressive rival Cognizant as the second-largest software exporter.

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.

The guidance for the first quarter of the current fiscal is only 2. Mahindra Satyam added 36 new customers during the quarter, which included three Fortune companies. Cognizant saw a revenue growth of 7. A sequential guidance of only 2. K V Kamath, the new chairman of Infosys, could not have been more direct when he recently talked about the need for the company to diversify beyond banking services. 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.

Financial services - 41 percent of revenues during the June quarter - and healthcare 26 percent are Cognizant's two biggest growth drivers. Improved prices have also helped. Cognizant Technology Solutions fourth-quarter profit and revenue beat analysts' estimates and the IT services firm gave an upbeat forecast. Tech services companies, including Cognizant Technology Solutions, have been cutting positions in India.

Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry. Swapana Bhosale was stunned when she found out earlier this month she was losing her job at tech services provider Cognizant Technology Solutions in India. Layoffs in the business are rare, particularly if employees are in the middle of client assignments like she was.

Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp. Elliott has led several successful campaigns to squeeze value out of companies it considers to be undervalued.

Foreign Corrupt Practices Act. More News ». Looking for acquisitions in Germany, France: Cognizant.

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Kaiser permanente patient satisfaction survey	Economy 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. Read More. At the same time, if the offence in sub-section 3 of section 13 is repeated, it will be non-bailable in sub-section 4 of go here This is why Cognizant accounts were frozen by Indian taxman in major crackdown Wed, Mar 28, According to Cognizant, it paid all applicable taxes related to its buyback transaction in and the Indian Income Tax Department's ITD position is "contrary to law and without merit". Over 93, data science jobs vacant in India, shows study laest Great Learning While the sector did latest news on cognizant technology solutions a decrease in vacancies fromvacancies in February to 82, vacancies in May cogniaznt, the demand has continued to be fairly consistent across key industry sectors. Mahindra Satyam added 36 new customers during the quarter, which included three Fortune companies. These cards were issued to its employees.
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Highmark community blue providers	Cognizant net profit jumps Cognizant Technology Solutions today submitted in the Madras High Court that latest news on cognizant technology solutions tax demand made by the Income Tax department was not justified and without jurisdiction. Facebook admits it needs to do more for content reviewers; This is why Wed, Feb 27, For its content review, Facebook has partnerships with companies like Accenture, Cognizant and Genpact. Telangana HC nullifies labour department order in Cognizant case. Other Cities agra agartala ahmedabad ajmer allahabad amaravati amritsar aurangabad bareilly bhubaneswar bhopal chandigarh coimbatore cuttack dehradun erode faridabad ghaziabad goa gurgaon guwahati hubballi imphal indore itanagar jaipur jammu jamshedpur jodhpur kanpur kochi kohima kolhapur kozhikode ludhiana lucknow madurai mangaluru meerut mumbai region mysuru nagpur nashik navi mumbai noida patna puducherry pune raipur rajkot ranchi thane salem shillong shimla srinagar surat trichy thiruvananthapuram udaipur vadodara varanasi vijayawada visakhapatnam photos. ET NOW. Special Judge M Eve baxter naked Nagpal reserved order after both the agencies filed their replies sought by the court regarding certain queries in the corruption and money laundering cases probed by the Central Bureau of Investigation and the Enforcement Directorate respectively.

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However, with diploma courses they can prepare for a professional field of their choice. All News Videos. Ambuja Neotia, Satyaa Homes sign pact to jointly develop acre township in Kolkata's Rajarhat The joint project will entail an integrated township with villas, apartments and large plotted development to be completed in five years. Over 93, data science jobs vacant in India, shows study by Great Learning While the sector did witness a decrease in vacancies from , vacancies in February to 82, vacancies in May , the demand has continued to be fairly consistent across key industry sectors.

Demand for analytics, data science professionals surged in August India contributed to 9. Cognizant has roped in the FBI to investigate who carried out the attack. Tata Consultancy Services, Cognizant Technology Solutions, Persistent Systems bring tech tools to Covid battle The IT services providers are helping governments as well as drug developers identify new molecules to combat the pandemic, create simulations on how the virus spreads and build digital tools for clinical trials.

HC extends status quo on Cognizant tax dispute matter The tax issue pertains to unpaid dues around share purchases done by Cognizant Technology Solutions India. Cognizant fires senior executives Last year, Cognizant had offered nearly employees a voluntary retirement scheme but this year's move by the company to cut senior level jobs is involuntary.

Income tax demand is not justified, Cognizant tells High Court The US-based IT firm had earlier said it paid all applicable taxes related to its buyback transaction in and the Indian I-T Department's position is "contrary to law and without merit". 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.

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". The company said in October that it hired Kumar from Infosys to serve as president of Cognizant Americas, effective Jan.

That job will now be held by Surya Gummadi, who was president of Cognizant Americas on an interim basis since July. MT Newswires 4 days ago. California emerges from a 'parade of storms' with recovery efforts across a ravaged state. Losing candidate arrested in string of shootings at New Mexico Democrats' homes. Load Error. Microsoft and partners may be compensated if you purchase something through recommended links in this article.

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