An American multinational information technology services and consulting company, Cognizant has announced the inauguration of its newest facility in Bhubaneswar.
Odisha Chief Minister Naveen Patnaik and Cognizant CEO Ravi Kumar S, on Sunday, inaugurated the newest facility of Cognizant, one of the largest professional services companies in the world, Bhubaneswar.
The Chief Minister said, “The entry of Cognizant marks a significant milestone for new Odisha and further solidifies its reputation as a leading IT investment destination in the country.”
“Odisha has emerged as a “Destination of the Future” with a growing scale of investment, talent pool and ambition. All these factors have become the cornerstones of our State’s journey towards growth and development which is fuelled by a robust ecosystem encouraging entrepreneurship, technological innovation, and new-age businesses”, he added
Ravi Kumar S, CEO of Cognizant, said, “We are excited to begin our expansion to Tier II cities with the opening of a new centre in Bhubaneswar.”
“The state of Odisha has an entrepreneurial spirit, renowned educational institutions, strong infrastructure, and promising talent,” he added.
Manoj Kumar Mishra, Principal Secretary, E&IT Department, said, “The establishment of a new centre of Cognizant in Bhubaneswar not only signifies their confidence in our State’s potential but also highlights the remarkable strides Odisha has made in attracting top industries to its burgeoning IT landscape.
The centre will offer modern and collaborative spaces for associates to work on a broad range of advanced technologies, including AI, ML, IoT, digital engineering, and robotic automation, among others.
The facility is spread across 51,000 sq ft., designed to foster innovation and collaboration. Moreover, it can accommodate up to 800 associates in the initial phase, and in the second phase, an additional 29,000 square feet will be seamlessly integrated, to meet the evolving needs of clients and associates.
Recently announcing Q4FY23 results, Ravi Kumar S, Chief Executive Officer said, “I’m grateful to our nearly 350,000 employees for their tremendous year-long work enhancing our strength as industry experts, collaborative partners, and passionate innovators for our clients.”
“To keep advancing our ability to design and deliver solutions, we continue to invest in generative AI, cloud, data modernization, digital engineering, and IoT”, Ravi Kumar S said.
The company’s total headcount at the end of the fourth quarter was 347,700, an increase of 1,100 from Q3 2023 and a decrease of 7,600 from Q4 2022. In the previous quarter, the total headcount stood at 346,600.
Cognizant voluntary attrition Tech Services for the year ended December 31, 2023, was 13.8% as compared to 25.6% for the year ended December 31, 2022.
Note: We are also on WhatsApp, LinkedIn, and YouTube, to get the latest news updates, Join our Channels. WhatsApp– Click here, to subscribe to YouTube – Click Here, and for LinkedIn– Click Here.
