Tag: Cognizant

Cognizant Q3 net income falls 53% to 4 million; revenue rises 7.3% to .4 billion

Cognizant Q3 net income falls 53% to $274 million; revenue rises 7.3% to $5.4 billion

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U.S. based IT major Cognizant, which has a substantial number of employees in India, on Wednesday (October 29, 2025) reported a 53% drop in net income for Q3 2025 to $274 million, hit by a one-time, non-cash income tax expense of $390 million. Cognizant – which follows a January-December financial year– had posted a net […]

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U.S. Senators question TCS, 9 others over H-1B visa filings after layoff of American staff

U.S. Senators question TCS, 9 others over H-1B visa filings after layoff of American staff

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Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by U.S. Senators for filing thousands of H-1B skilled labour visa petitions after conducting “mass layoffs” of American employees. Senate Judiciary Committee Chairman Charles Grassley and ranking member Richard Durbin have also questioned Amazon, Apple, Deloitte, Google, JPMorgan Chase, Meta, Microsoft, and […]

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