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A trade secret lawsuit in the US starts a fresh war between Infosys and Cognizant

A trade secret lawsuit in the US starts a fresh war between Infosys and Cognizant

Aug 24, 2024, 01:22 PM IST

"Infosys is aware of the lawsuit. We deny all allegations and will defend our position in the court,” Infosys stated in response.

Cognizant Q1 results: Key takeaways for TCS, Infosys, HCL Tech, Wipro & other IT firms

Cognizant Q1 results: Key takeaways for TCS, Infosys, HCL Tech, Wipro & other IT firms

May 02, 2024, 02:11 PM IST

TCS, Infosys Wipro: Nirmal Bang said valuations for most IT stocks are expensive in relation to their 5-year or 10-year histories and it sees no material upside to FY25/FY26 earnings for its coverage in the next 12 months.

TCS, Infosys, Wipro, HCL Tech, TechM shares: What Cognizant's Q4 results, weak commentary hint at

TCS, Infosys, Wipro, HCL Tech, TechM shares: What Cognizant's Q4 results, weak commentary hint at

Feb 08, 2024, 01:42 PM IST

Cognizant's results and commentary were weaker than most large-cap Indian IT Services companies, which have started talking about bottoming out (TCS) and green-shoots (Wipro).

Cognizant to lay off 3,500 employees as Q1 net profit up 3% YoY

Cognizant to lay off 3,500 employees as Q1 net profit up 3% YoY

May 04, 2023, 03:04 PM IST

Cognizant's margins currently stand at 14.6 per cent, which is comparable to Tech Mahindra, and is among the lowest in the IT industry

Cognizant 2023 guidance: Key takeaways for Infosys, TCS, Wipro, HCL Tech & TechM

Cognizant 2023 guidance: Key takeaways for Infosys, TCS, Wipro, HCL Tech & TechM

May 04, 2023, 07:07 PM IST

Nirmal Bang Institutional Equities said doing a read-through for the Indian IT services industry from Cognizant's guidance and commentary has not been a fruitful exercise in the past, but things have been changing.

Mindtree appoints Cognizant's Debashis Chatterjee as new CEO

Mindtree appoints Cognizant's Debashis Chatterjee as new CEO

Aug 02, 2019, 07:17 PM IST

Debashis Chatterjee, appointed as the Mindtree CEO for a period of five years, is the first individual outside the 7-member founding team to hold the office

Cognizant's bank freeze raises spectre of tax terror

Cognizant's bank freeze raises spectre of tax terror

Mar 29, 2018, 05:58 PM IST

The timing of the bank freeze has raised concerns around tax terrorism.

Infosys stock closes lower amid Rs 13,000-crore share buyback

Infosys stock closes lower amid Rs 13,000-crore share buyback

Nov 30, 2017, 10:35 PM IST

The share buyback, is the first in the company's 36-year long history, and will see Infosys buying back over 11.30 crore shares at Rs 1,150 apiece. At 11:36 am, the stock was trading 0.36 percent higher at 986.50 level in an otherwise weak market.

Wipro surges 5 5 percent on share buyback decision

Wipro surges 5 5 percent on share buyback decision

Jul 17, 2017, 05:38 PM IST

Shares of India's third largest IT company Wipro surged over 5.5 per cent on the bourses today on the back of the company's decision to consider a buyback of equity shares in their board meeting next week.

HCL Technologies stock hits new 52-week high ahead of board meeting on buyback today

HCL Technologies stock hits new 52-week high ahead of board meeting on buyback today

Mar 20, 2017, 06:28 PM IST

The stock which is listed on both NSE and BSE, rose to yearly high of 879 level intraday. It opened at Rs 870 level and hit intra-day low of Rs 864 on the BSE.

Share buybacks: How does a company benefit from buying back shares

Share buybacks: How does a company benefit from buying back shares

Feb 27, 2017, 10:33 PM IST

'Share buyback' has become the buzz word after the recent announcements of IT majors Cognizant and TCS to buy back shares. In fact, recent reports have suggested that Infosys may follow a similar strategy and announce a share buy back of $2.5 billion (Rs 17,000 crore) in April.