U.S.-based IT major Cognizant, which has a substantial chunk of employees in India, has reported 7.45% year-on-year growth in revenue to $5.1 billion for March quarter of 2025.
It had earned a revenue of $4.7 billion in Q1 2024.
Cognizant follows January-December financial year.
The company has raised its full-year growth guidance to 3.9-6.4%, from 2.6-5.1% earlier.
It now expects a full-year (2025) revenue between $20.5-21 billion.
To hire 20,000 freshers in 2025
The company has announced plans to hire 20,000 freshers in 2025— a move intended to reshape the company’s talent pyramid, particularly to support managed services and AI-led software development.
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While the company’s overall headcount remained nearly flat compared to previous quarter at 3,36,300, Cognizant’s leadership highlighted the strategic importance of talent amplification as the firm accelerates its growth and innovation agenda.
“As we stated at our Investor Day, we are hiring 20,000 freshers as part of our strategy, which is more than double what we did last year,” Cognizant CEO Ravi Kumar S said.
This year, Mr. Kumar noted that the company plans to hire many more fresh graduates to build a stronger workforce pyramid, especially since managed services projects have increased over the past two years.
“But it also comes equally with a overhead of carrying higher bench at a lower cost and actually offshore,” he said.
Published – May 01, 2025 10:53 pm IST
Source: https://www.thehindu.com/business/cognizant-q1-revenue-up-74-to-51-billion-to-hire-20000-freshers-in-2025/article69522798.ece
