Tag: Cognizant

Cognizant Q1 net falls 16.7% to $367 million; sees challenging demand environment in 2020


IT company Cognizant has reported a 16.7 percent drop in its March quarter net income at USD 367 million, and said it expects a challenging demand environment throughout 2020 amid the coronavirus pandemic. Cognizant follows January-December as financial year. Its net profit was at USD 441 million in the March 2019 quarter.The US-headquartered company, which…

Cognizant confirms Maze ransomware attack, says customers face disruption


Cognizant, one of the largest tech and consulting companies in the Fortune 500, has confirmed it was hit by a ransomware attack. Details remain slim besides a brief statement on its site, confirming the incident. “Cognizant can confirm that a security incident involving our internal systems, and causing service disruptions for some of our clients,…