Teaneck, New Jersey-based information technology (IT) services firm Cognizant has expanded his existing centre in Mangaluru, Karnataka, to a 100,000 square feet facility which will be able to accommodate over 1,100 employees.
The company set up a presence in the coastal city in 2011 following the acquisition of US outsourcer CoreLogic’s India services operations. The existing centre provides consulting, enterprise applications and business process services in the areas of mortgage processing, covering property taxes, research and investigations, property data warehousing and management of geospatial data.
It currently employs over 600 professionals in the city and has hired fresh graduates across roles such as mortgage origination and servicing specialists, business analysts, consultants, automation specialists and software engineers, the company said in a statement.
“Our Mangaluru centre is an important part of our integrated global delivery capability and growth strategy, underpinned by our ability to tap into the best talent wherever it is available. Moving into a larger state-of-the-art facility is a part of Cognizant’s commitment to grow its operations in this region,” Ramkumar Ramamoorthy, chairman and managing director, Cognizant India, said.
Cognizant also has operations in Bengaluru and Mysuru, where it employs over 28,000 and nearly 700 professionals, respectively.
Earlier this month, Cognizant reported better-than-expected revenues and profits for the December quarter even as the company saw its margins drop below 15%. The Nasdaq-listed company reported a 3.8% growth in quarterly revenue, which stood at $4.3 billion in Q4, compared to $4.1 billion in the same quarter of the previous year.
Last year in December, the company announced its plan to lay off about 350 people, who earned annual salaries ranging from Rs 80 lakh to Rs 1.2 crore. In November, it decided to move away from its $250 million-a-year content moderation business.