COMPANIES
Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22
Nasdaq-listed Cognizant on Friday reported its fourth quarter FY22 net profit at $521 million, down 9.5 per cent year-on-year. Revenue for the quarter increased 1.3 per cent at $4.8 billion in reported terms and it was up 4 per cent in constant currency. The IT services firm, which follows the January-December financial calendar, did not provide the […]
ChatGPT, other AI models to disrupt Indian IT firms JP
(Reuters) – Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday. As generative AI is implemented more broadly, consulting firms like Accenture and Deloitte and will gain market share over Indian IT firms like Infosys Ltd and […]
