Latest news with #RaviKumarS
New Indian Express
31-07-2025
- Business
- New Indian Express
Cognizant beats estimates in Q2 as net profit rises 14%
BENGALURU: Nasdaq-listed Cognizant has posted a 14% y-o-y increase in its net profit to $645 million for the quarter ended June 30, 2025 compared to $566 million it reported a year ago. The revenue of Cognizant, which follows a January to December fiscal, in the June quarter was up 8.1% y-o-y at $5.25 billion. Its 2025 constant currency revenue growth guidance narrowed to 4-6%, while the 2025 adjusted operating margin guidance is unchanged at 15.5-15.7%. The company's operating margin stood at 15.6%. "Our second quarter revenue performance exceeded the high end of our guidance range, underscoring the effectiveness of our strategy to build a resilient and durable portfolio that positions us to win in the AI era," said Ravi Kumar S, Chief Executive Officer. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth, another quarter of margin expansion and helped us accelerate bookings, including two $1 billion deals," he added.
Economic Times
31-07-2025
- Business
- Economic Times
Cognizant says hiring targets for this year progressing on track
Reuters Cognizant on Thursday affirmed that its hiring plans for the full-year 2025 are proceeding as planned, as the Nasdaq-listed IT services company outlined its intent to roll out wage hikes during the second half of the year, though it did not disclose the specific timing. Cognizant's total headcount stood at 343,800 as on June 30, 2025. The company, which follows the January-December as its fiscal year, added 7,500 employees on an aggregate basis in the first two quarters this year. Notably, as much as 30 of its code are being written by machines. While the company did quantify the scale of hirings in June 2025 quarter, the top management in an earnings call said the second quarter saw "sizeable" additions. The full-year target of 15,000 and 20,000 freshers intake is unchanged, the company said, adding that it is progressing on track so far as those plans are concerned. To a question on wage hikes that were widely expected in August, Jatin Dalal, Chief Financial Officer of the company, said, "...you know the environment that we are in, there is the macro (factor) at play, and uncertainty, which I spoke about in the earnings call... Given that we have not yet taken a decision on the salary increase, our endeavour is to cover a vast majority of our employees during the second half of this year, and as and when we decide we will let our employees know". The timing of the same is yet to be finalised, he said. Cognizant said AI and agentic solution are unlocking new client spends, and added that it remains upbeat and excited about the future. The number of AI projects have zoomed to 2,500 from 1,400 in the quarter before that. "We're very optimistic about the future of IT services. As much as productivity gets you to do more for less, and there's a necessity there, we equally believe as these new spend cycles get unlocked, the total addressable spend is going to be much more. So we're very excited about the possibilities of what agentic could do," Cognizant CEO Ravi Kumar S said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Zomato delivered, but did the other listed unicorns? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? As rates slide, who will grab the savings pie? MFs, insurers? Is it time for Tim Cook to bid bye to Apple? Regulators promote exchanges; can they stifle one? Watch IEX Stock Radar: Down over 20% from highs! Varun Beverages stock showing signs of trend reversal – time to buy? History tells us 'Hold' is equal to wealth creation: 11 large- and mid-cap stocks from different sectors with upside potential of up to 37% In some cases parentage equals 'management with ability': 5 mid-caps from different sectors, which tick the right box Multibagger or IBC - Part 17: Margins are slim. Promoters are all in. Is this small cap the ultimate contrarian bet?
News18
31-07-2025
- Business
- News18
Cognizant says hiring targets for this year progressing on track
New Delhi, Jul 31 (PTI) Cognizant on Thursday affirmed that its hiring plans for the full-year 2025 are proceeding as planned, as the Nasdaq-listed IT services company outlined its intent to roll out wage hikes during the second half of the year, though it did not disclose the specific timing. Cognizant's total headcount stood at 343,800 as on June 30, 2025. The company, which follows the January-December as its fiscal year, added 7,500 employees on an aggregate basis in the first two quarters this year. Notably, as much as 30 of its code are being written by machines. While the company did quantify the scale of hirings in June 2025 quarter, the top management in an earnings call said the second quarter saw 'sizeable" additions. The full-year target of 15,000 and 20,000 freshers intake is unchanged, the company said, adding that it is progressing on track so far as those plans are concerned. To a question on wage hikes that were widely expected in August, Jatin Dalal, Chief Financial Officer of the company, said, '…you know the environment that we are in, there is the macro (factor) at play, and uncertainty, which I spoke about in the earnings call… Given that we have not yet taken a decision on the salary increase, our endeavour is to cover a vast majority of our employees during the second half of this year, and as and when we decide we will let our employees know". The timing of the same is yet to be finalised, he said. Cognizant said AI and agentic solution are unlocking new client spends, and added that it remains upbeat and excited about the future. The number of AI projects have zoomed to 2,500 from 1,400 in the quarter before that. 'We're very optimistic about the future of IT services. As much as productivity gets you to do more for less, and there's a necessity there, we equally believe as these new spend cycles get unlocked, the total addressable spend is going to be much more. So we're very excited about the possibilities of what agentic could do," Cognizant CEO Ravi Kumar S said. PTI MBI TRB view comments First Published: July 31, 2025, 15:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
31-07-2025
- Business
- Business Standard
Cognizant Q2 profit rises 14%, lifts revenue growth forecast to 4-6%
Cognizant on Thursday reported better-than-expected growth with net income rising 14 per cent year-on-year to $645 million for the June 2025 quarter, as the Nasdaq-listed IT services firm raised the lower end of its full-year revenue growth forecast, pegging it at a 4 to 6 per cent range. Cognizant's revenue for the second quarter - it runs on a January to December fiscal year cycle - was at $5.25 billion, increasing 8.1 per cent year-over-year or 7.2 per cent in constant currency terms, according to the earnings release. The cranking up of the lower end of the guidance band is on account of outperformance in the first half of the year, two mega deals won, as well as agentic solutions and AI unlocking new spends, the top management said. "Our second quarter revenue performance exceeded the high end of our guidance range, underscoring the effectiveness of our strategy to build a resilient and durable portfolio that positions us to win in the AI era," Cognizant CEO Ravi Kumar S said. Third quarter revenue is seen between $5.27-5.35 billion, growth of 4.6 per cent to 6.1 per cent (or 3.5-5 per cent in constant currency). The full-year 2025 revenue is expected to be $20.7-21.1 billion, growth of 4.7-6.7 per cent (4-6 per cent in constant currency). Jatin Dalal, Chief Financial Officer of the company, said the increased revenue guidance midpoint and the reaffirmed adjusted operating margin outlook reflect strong execution and momentum year-to-date. "We now expect to return approximately $2 billion to shareholders this year, reinforcing our commitment to returning excess capital and confidence in our long-term strategy," he added. Second quarter bookings included six large deals, which are deals with a total contract value of $100 million or greater. Of these, two deals had a total contract value of over $1 billion each. Total headcount as of June 30, 2025, was 343,800, an increase of 7,500 from both Q1 2025 and Q2 2024. "On a trailing-twelve-months basis, Voluntary Attrition - Tech Services was 15.2 per cent in the second quarter of 2025, as compared to 15.8 per cent and 13.6 per cent in the first quarter of 2025 and second quarter of 2024, respectively," the release said.
Yahoo
30-07-2025
- Business
- Yahoo
Cognizant sees quarterly revenue above estimates on strong enterprise demand
(Reuters) -IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms. Cognizant's services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth," said Cognizant CEO Ravi Kumar S. The company forecast third-quarter revenue between $5.27 billion and $5.35 billion, compared with analysts' expectations of $5.27 billion, according to data compiled by LSEG. It reported revenue of $5.25 billion in the second quarter, beating estimates of $5.19 billion. Cognizant reported earnings per share of $1.31 in the quarter ended June 30, compared with a profit of $1.14 per share a year ago.
