The Latest Breaking News from Cognizant

Cognizant’s US green-card filings suspended amid fraud probe: What it means for employees

Cognizant’s US green-card labour certification filings have been suspended amid a federal fraud investigation, according to Labor Department Inspector General Anthony D’Esposito. The move could delay some employees’ green-card sponsorship, but officials have not disclosed the allegations, number of affected cases or duration of the suspension.

The Economic Times · Sep 9

Trump strikes Indian IT again! Why tech stocks lost Rs 55,000 crore in a single session

Indian IT stocks lost around Rs 55,000 crore in market value after the US suspended Cognizant’s PERM labour certification filings, raising fresh concerns over tighter scrutiny of work visas and alleged visa fraud.

The Economic Times · Sep 9

US suspends Cognizant green card filings

The action came a day after Cognizant announced plans to expand its American workforce. The company said it planned to hire 1,500 US college graduates and increase its Frontier Certified Engineer and Frontier Business Operator workforce to 15,000 people.

The Economic Times · Sep 8

Cognizant hosts global OpenAI Codex Hackathon for 10,000 employees across six cities in India

Cognizant launched its first global Codex Hackathon with OpenAI. Ten thousand associates across six Indian cities participated in this event. This initiative aims to build practical AI solutions for enterprise customers. The company plans to extend participation to over fifty thousand associates soon. Cognizant previously set a Guinness World Record…

The Economic Times · Jul 31

Is Wall Street Bullish or Bearish on Cognizant Stock?

Although Cognizant has lagged the broader market over the past year, analysts remain cautiously optimistic about the stock.

Barchart · Jul 31

Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.

Morgan Stanley raises price target on Cognizant stock. But CTSH shares are still under pressure today.

Barchart · Jul 30

Cognizant forecasts weak quarterly revenue amid cautious client spending

Cognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street's expectations. The cautious stance of clients regarding discretionary IT expenditures and significant investments is evident. With AI adoption gaining momentum, enterprises are focusing more on data center infrastructures than software. The company anticipates its annual revenue…

The Economic Times · Jul 29

Cognizant lifts annual profit forecast on strong financial services growth

Cognizant Technology forecasts third-quarter revenue below Wall Street estimates. Clients remain cautious on discretionary IT spending and large investments. The company expects annual revenue between $22.04 billion and $22.35 billion. This comes after reporting second-quarter revenue in line with estimates. Enterprises are prioritizing data center infrastructure over software as AI…

The Economic Times · Jul 29

New alliance targets faster AI adoption

Gulf Edge, the digital infrastructure arm of Gulf Development Plc, and Cognizant, an artificial intelligence (AI) builder and global technology services provider, have announced a partnership to accelerate AI adoption across Thailand and support the country's transition towards an AI-native economy.

Bangkok Post · Jul 26

Uber's AI Push Triggers Second Round of Layoffs in Just Two Months: Who's Affected This Time?

Uber has announced a 10% reduction in its customer service workforce as it restructures operations to integrate artificial intelligence, marking its second major layoff in two months.

International Business Times UK · Jul 24