TRADE NIVESH : Software exporter Cognizant triggered a sharp decline in Indian IT stocks on Friday after the US-headquartered company said its revenue in the current financial year will grow at about half the rate forecast earlier. The country’s top five IT companies lost about Rs 38,900 crore in market capitalisation, with their stocks ending down 1-4 per cent.
Name: Gajen Kandiah
Continent: North America
Company: Cognizant Technology Solutions
Replaced By: Malcolm Frank
Announcement Date: May 02, 2019, 10:00pm
Resignation Date: May 02, 2019, 10:00pm