Tag: Cognizant

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

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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

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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,…