Cognizant bags outsourcing deal from Philips

IT major Cognizant today said it has bagged a multi-year deal from Royal Philips

RELATED ARTICLES

Electronics to drive technology-enabled business transformation and growth programmes for the lighting and consumer lifestyle solutions provider.

Financial details of the deal were not disclosed.

Under the terms of the multi-year engagement, Cognizant will provide a comprehensive range of consulting and application services globally to help Philips consolidate, rationalise and enhance its IT landscape, Cognizant said in a statement.

This will help Philips improve operational efficiency, business agility, and governance, it added.

Cognizant's engagement will enable Philips to transition to a platform and output-based managed services model across multiple business lines and corporate functions, helping Philips variablise its cost structure, drive structural savings and free up resources.

"Our relationship with Cognizant will allow us to leverage its consulting, domain, and technology capabilities for the business transformation programme," Philips Executive Vice President and Chief Information Officer Jeroen Tas said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The economic survey falls in step with the BJP’s election manifesto

    It’s always tough to find something wrong with the annual economic survey as it only articulates the government’s desire to set its house in order

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture