{"id":13181,"date":"2025-06-21T13:36:31","date_gmt":"2025-06-21T08:06:31","guid":{"rendered":"https:\/\/thecatalystonline.com\/?p=13181"},"modified":"2025-06-21T13:36:31","modified_gmt":"2025-06-21T08:06:31","slug":"cognizant-expands-india-footprint-with-new-campus-investment","status":"publish","type":"post","link":"https:\/\/catalyst2.paperboats.in\/?p=13181","title":{"rendered":"Cognizant expands India footprint with new campus investment"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/thecatalystonline.com\/wp-content\/uploads\/2025\/06\/Featured-Image-Edits-87-1024x683.png\" alt=\"cognizant , invest , build , new , campus , jobs , cities \" class=\"wp-image-13187\" style=\"width:316px;height:auto\"\/><figcaption class=\"wp-element-caption\">Image Credit: Reuters<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Software services firm <a href=\"https:\/\/www.cognizant.com\/us\/en\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Cognizant\">Cognizant<\/a> Technology Solutions\u00a0will invest 15.82 billion rupees ($182.76 million) to build a new campus in south Indian city of Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday.<\/p>\n\n\n\n<p>Commercial operations will begin in March 2029, an Andhra Pradesh government press release said.<\/p>\n\n\n\n<p>The announcement comes just months after India&#8217;s top IT firm, <a href=\"https:\/\/thecatalystonline.com\/leadership\/tcs-appoints-aarthi-subramanian-as-new-executive-director-and-coo\/\" target=\"_blank\" rel=\"noopener\" title=\"TCS appoints Aarthi Subramanian as new Executive Director and COO\">Tata Consultancy Services<\/a>,\u00a0unveiled plans for 13.70-billion-rupee campus, opens new tab\u00a0in the same city, and is expected generate 12,000 jobs.<\/p>\n\n\n\n<p>The move aligns with Cognizant\u2019s strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S said the company&nbsp;would relinquish 11 million square feet of office space globally, mainly in India\u2019s largest cities, while investing in tier-2 Indian cities.<\/p>\n\n\n\n<p>Globally, IT companies, including those in India\u2019s $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty.<\/p>\n\n\n\n<p>Last month, the Teaneck, New Jersey-based company&nbsp;raised&nbsp;its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services.<\/p>\n\n\n\n<p>Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion.<\/p>\n\n\n\n<p>Content Courtesy &#8211; Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cognizant will invest \u20b915.82B to build a new campus in Vishakapatanam, creating 8,000 jobs as part of its expansion into India\u2019s tier-2 cities.<\/p>\n","protected":false},"author":1,"featured_media":13786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[55],"tags":[],"post_template":[],"top_category":[],"class_list":["post-13181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-funding","pmpro-has-access"],"acf":[],"_links":{"self":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts\/13181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13181"}],"version-history":[{"count":0,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts\/13181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/media\/13786"}],"wp:attachment":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13181"},{"taxonomy":"post_template","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_template&post=13181"},{"taxonomy":"top_category","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftop_category&post=13181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}