Cognizant’s advanced AI lab produces 53 patents and counting

[ad_1] Innovation around Artificial Intelligence (AI) has become a nerve centre for Cognizant Technology Solutions as clients demand AI-based services. The company’s advanced AI lab has already produced 53 AI patents, and applications for many more are pending.S Ravi Kumar,...

Cognizant reports strong Q1 revenue, expects steady growth

[ad_1] Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.Signs of improving business environment and expectations of interest rate cuts have...

Cognizant incurs $229 million in 2023 as part of its NextGen programme

[ad_1] As part of the NextGen programme, the US-based Cognizant Technology Solutions in 2023 incurred $115 million of employee separation costs and $114 million of facility exit and other costs totalling $229 million. It expects to incur total costs of...