Cognizant

The Infosys veteran succeeds Brian Humphries, will remain with the company as special advisor till 15 March.

PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced that its Board of Directors (the "Board") has named Ravi Kumar S as CEO and a member of the Board,.

For our internal management reporting and budgeting purposes, we use various GAAP and non-GAAP financial measures for financial and operational decision-making, to evaluate period-to-period comparisons, to determine portions of the compensation for our executive officers and for making comparisons of our operating results to those of our competitors. Additionally, the Company now expects full-year 2022 Adjusted Operating Margin2 of approximately 15.3%, compared to prior guidance of 15.6%, and full-year 2022 Adjusted Diluted EPS2 of approximately $4.38-$4.40, compared to prior guidance of $4.43-$4.46. This reflects a year-over-year increase of approximately 1.3% (or 4.1% in constant currency1) for the fourth quarter and growth of approximately 5.0% (or 7.5% in constant currency) for full-year 2022. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. Our updated guidance for full-year 2022 Adjusted Diluted EPS includes an expected adjustment of negative $0.01 related to the effect of non-operating foreign currency exchange (gains) losses, pre-tax, an expected adjustment of positive $0.07 related to the tax impact of the non-operating foreign currency exchange (gains) losses, and an adjustment of negative $0.07 related to the recognition in the third quarter of 2022 of income tax benefit related to an uncertain tax position. Kumar currently serves on the boards of directors of TransUnion, where he is a member of the Mergers, Acquisitions and Integration Committee and the Compensation Committee, and Digimarc Corporation, where he serves on the Compensation and Talent Management Committee and the Market Development Committee. Kumar also serves on the Board of Governors of the New York Academy of Sciences and the Board of Directors of the U.S. "I look forward to working with Steve, the rest of the Board, and the leadership team to capture the many opportunities ahead. "The Board is focused on positioning Cognizant to reaccelerate growth and drive shareholder value," said Chair of the Board Stephen J. [CTSH](#financial-modal)) today announced that its Board of Directors (the "Board") has named Ravi Kumar S as CEO and a member of the Board, effective immediately. "The Board also wants to thank Michael for his leadership during his time as Board Chair. "As a proven leader with deep experience developing global talent and building a culture of success, we believe Ravi is the right person to take Cognizant into its next phase of growth.

To facilitate a smooth transition, Humphries will remain with the company as a special advisor until March 15.

Meanwhile, Cognizant has updated its guidance for the fourth quarter and full-year 2022. Cognizant also announced that Stephen J Rohleder, a member of Cognizant’s Board since March 2022, has been elected as Chair of the Board. In connection with the CEO transition, Cognizant also announced that Surya Gummadi has been named President, Cognizant Americas.

Former Infosys President brings over 20 years of experience in the consulting, process, and technology transformation space to CEO role, says the IT firm.

This reflects a year-over-year increase of approximately 1.3% (or 4.1% in constant currency1) for the fourth quarter and growth of approximately 5% (or 7.5% in constant currency) for full-year 2022. "I look forward to working with Steve, the rest of the Board, and the leadership team to capture the many opportunities ahead. Cognizant is well-positioned for growth, and I'm excited to unlock the Company's significant potential for our employees, clients, investors, and other stakeholders." Kumar holds a degree in engineering from Maharashtra’s Shivaji University and an MBA from Orissa’s Xavier Institute of Management. The company also announced that Stephen J. Kumar succeeds Brian Humphries in both roles.

IT giant Cognizant has announced Ravi Kumar as its new Chief Executive Officer, replacing the outgoing Brian Humphries, effective immediately.

It was an honor to lead our talented associates and I wish Ravi and the leadership team all the best for the future.” “I am honored to join Cognizant, a company I have long admired for its dedicated client focus and its track record of innovation,” said Mr. Kumar worked in Infosys for over 20 years, and served as the company’s president for the last six years of his stint. Humphries had resigned from the post that he held for four years, a move that has been linked to Cognizant’s recent underperformance, including revenue decline in the third quarter of 2022. Kumar was the president and COO of Infosys until October 2022, before leaving the company Mr.

Cognizant CEO: Ravi Kumar S, most famous for his vibrant tenure at Infosys, served the company for 20 years in different leadership roles.

Apart from Kumar’s appointment as the new CEO, Cognizant has also announced that Stephen J. As the former President of Infosys from January 2016 to October 2022, Kumar led the Infosys Global Services Organisation across all global industry segments. IT major Cognizant has appointed Ravi Kumar S as the new Chief Executive Officer (CEO) after the company’s Board of Directors gave their nod.

കമ്പനിയുടെ മുൻ സിഇഒ ഹംഫ്രീസ് മാർച്ച് 15 വരെ പ്രത്യേക ഉപദേഷ്ടാവായി തുടരുമെന്ന് ...

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சென்னை Cognizant Technology Solutions ஆனது வேலைவாய்ப்பு குறித்த புதிய அறிவிப்பு ஒன்றை தற்போது ...

Senior Developer (Associate – Project) இப்பணிக்கு விண்ணப்பிக்க தேவையான தகுதிகள் குறித்த முழு விவரங்களையும் கீழே தொகுத்து வழங்கியுள்ளோம். சென்னை Cognizant Technology Solutions ஆனது வேலைவாய்ப்பு குறித்த புதிய அறிவிப்பு ஒன்றை தற்போது வெளியிட்டுள்ளது.