"We are pleased that we are entering Q4 executing increased promotions, and we are accruing bonuses at substantially higher levels than last year," said CEO Brian Humphries.

Brian Humphries took over as the CEO of Cognizant in April 2019 and announced a ‘fit for growth’ program, which involved cost-cutting initiatives and exiting non-core areas. He tells TOI that Cognizant is on its course to become industry bellwether again.

Cognizant Technology Solutions Corp. on Thursday posted a 30% year-on-year decline in net profit to $348 million for the quarter ended September on high acquisition-related costs and a one-time tax of about $140 million.

IT major Cognizant reported about 30 per cent drop in September quarter net income at USD 348 million (around Rs 2,578.3 crore), but said it is witnessing strong momentum in its digital business and bookings.

In the current reality, taking a step back and looking at the big picture can be daunting. The way we work has fundamentally changed and digital transformation efforts have been supercharged out of necessity.

Turns out COVID hasn’t just changed the way we work—it’s also thrown a wrench into the machinations of our future robot overlords.

Awareness! That’s what today’s data-driven organizations want. Whether for opportunities or threats, just knowing what’s happening can make all the difference, especially when the latency is near zero.

The first phase of the Paycheck Protection Program (PPP) has wrapped up and the numbers are impressive: more than 5 million loans totaling $525 billion from nearly 5,500 lenders. Any bank that participated will attest that the data processing headaches were just as notable.

From preventative maintenance on white goods to smart mirrors in clothes stores, the IoT is ready to change customer relationships.

This spending is fuelled by high expectations since they aim to drive six per cent of their revenue through voice during this period, it added.