“As we enter 2017, the time is right for us toadmin
An elderly woman is arrested on Feb. A number of protestors refused to abide by the court order. So far, 33 arrests have been made. Cognizant, which competes with Indian firms like TCS and Infosys, had posted net profit of USD 424 million in the year ago period. Its revenue stood at USD 3.46 billion, up 7.1 percent from the year ago period. Its net profit fell 4.3 percent to USD 1.55 billion in 2016.related newsBuy Infosys; target of Rs 1037: Prabhudas LilladherBuy Infosys; target of Rs 920: SharekhanHDFC Bank Q1 profit jumps 20% to Rs 6,658.6 crore, loan growth lifts NII 18%For 2017, Cognizant expects its revenue to be in the range of USD 14.56 14.84 billion, which translates to 7.9 10 percent growth.It has given a revenue forecast of USD 3.51 3.55 billion for the January March 2017 quarter.Also, Cognizant has entered into a “cooperation agreement” with activist shareholder Elliott Management and appointed three independent directors to its board.”As we enter 2017, the time is right for us to accelerate the shift to digital services and solutions to meet the growing demands from our clients to transform their business models in the face of the rapid business and technology shifts disrupting their industries,” Cognizant Chief Executive Officer Francisco D’Souza said.To meet this opportunity, Cognizant is evolving its business model to focus on aggressively scaling its digital capabilities, driving efficiencies in core business and launching a robust capital return programme, he added.”The company is intensifying its M efforts to expand intellectual property, industry expertise, and platform and technology capabilities, by focusing primarily on strategic tuck in acquisitions,” it added.During the quarter, Cognizant added about 4,400 (net) people, taking the headcount to 2,60,200 employees globally..
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