Cognizant names new CEO

Cognizant names new CEO
Highlights

IT company Cognizant on Wednesday posted net income of 648 million for the fourth quarter ended December 31, 2018 It had recorded a net loss of 18 million in the same period a year ago Cognizant also announced that Brian Humphries, currently CEO of Vodafone Business, will be its chief executive officer and member of the Board of Directors, effective from April 1, 2019

New Delhi: IT company Cognizant on Wednesday posted net income of $648 million for the fourth quarter ended December 31, 2018. It had recorded a net loss of $18 million in the same period a year ago. Cognizant also announced that Brian Humphries, currently CEO of Vodafone Business, will be its chief executive officer and member of the Board of Directors, effective from April 1, 2019.

The revenue of the company stood at $4.13 billion, up 7.9 per cent from $3.8 billion in the year-ago quarter. "Cognizant executed well in 2018, diversifying our revenue base and client roster, and investing to build distinctive leadership in six advanced digital capabilities,” Cognizant vice chairman and CEO Francisco D'Souza said in a statement.

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