Cognizant

The key areas that the group will focus on operational effectiveness, enhanced experience and expedited innovation

Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.

India will see the majority of this hiring

Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.

NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor

As digital transformation gets in top gear, IT companies lead the pack and the top 3 firms are Tata Consultancy Services, Accenture and Cognizant, respectively, ramping up IT investments and hiring

Cognizant also guided that for FY2022 it expects revenue growth to be in the range of 8.5 per cent to 11.5 per cent, which means revenue outlook of $20 billion to $20.5 billion.

The company ended the year with a total headcount of 330,600, up 14 per cent year-on-year.

Cognizant has said it expects its revenue to grow 8-11% in annual constant currency terms during 2022-24

In a Q&A, the company's CMD also dwells on retention mechanisms and growth drivers in a firm that beat Q3CY21 estimates despite 33% attrition

IT companies like Infosys and Wipro are witnessing high attrition numbers

Revenue for the financial year 2021 was Rs 29,682 crore, a fall of nearly 5 per cent from the revenue in the previous year.

In February 2019, Cognizant agreed to pay $25 million to settle a related U.S. Securities and Exchange Commission civil probe

The company continues expanding in key strategic focus areas for digital -- digital engineering, data and artificial intelligence, cloud and the Internet of Things

The company has spent $2 billion since 2019 to bolster its cloud and digital play through acquisitions

In a Q&A, Rajesh Nambiar dwells on the reasons for an attrition rate as high as 31% and why he thinks the company will deliver growth in the coming quarters

The firm, which had a quarterly attrition rate of 31%, als plans to recruit 30,000 at the graduate level

A challenging strategy to accelerate growth has ironically dragged the former IT racehorse into bigger troubles over people management

Ensures delivery of 1,000 oxygenated beds, ventilators, life-saving supplies with $8.5 mn relief funding

In the previous quarter, the company's attrition rate was lower at 19 per cent, though the level was 22 per cent in the January-March 2020