In its 2017 annual report, Cognizant said it had identified about $6 million in bribes paid from 2009 to 2016.
For the third-quarter, Cognizant reported revenue of $4.08 billion, up 8.3 per cent from a year ago.
At least two of the top five companies of the $167 billion sector said they have increased pay for freshers as they see rising demand for young talent that could be trained on digital skills.
Bhattacharya’s appointment is for a period of five years and is subject to shareholder approval, the company said.
Move a departure from strategy of working only with business process outsourcing firms
200 employees given charge of business units as firm looks to free up seniors for long-term growth.
Indian IT companies are already facing margin challenges as a result of tighter visa rules in the US
Five of the six Moody's-rated Indian IT services companies returned on average.
The company, valued at $3 billion, which also works with IT and business process management (BPM) firms in the country, is looking at raising its headcount to 1,200 by the end of 2019 with a mix of technology and business hires.
Rajiv Bansal had dragged the company to arbitration after it halted payouts on his over Rs 17 crore severance.
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