2019 dollar revenue growth seen at 3.9-4.9% vs 7-9% forecast in Feb
TCS’ latest move comes after CSC accused India’s largest IT services company of using the source code of its software to build an insurance platform for Transamerica.
TCS lost a similar case to Epic Systems, setting it back by $420 million in penalties, which it's appealing in court.
The Bengaluru-headquartered IT services firm crossed $1 billion in revenue in the just concluded fiscal year.
The suit, filed last month, claims that Cognizant executives had misled shareholders about audits conducted into its anti-corruption practices.
Old economy Inc is trying to capture a share of the digital pie and the timing seems just right.
The compensation increases have come at a time when the company said it was laying off as many as 200 senior executives.
IT company confirms zero-day attack, could be liable for damages if client information found to be compromised.
In 2018, Tyagarajan earned nearly $700,000 in salary, $3.1 million in share awards, $960,000 through the company’s non-equity incentive scheme and a little over $79,000 in other compensation.
Company, which faced most US visa rejections in 2018, saw attrition cross 18% in Q4.
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