Cognizant Technology Solutions has made 700 job offers to final semester students at Anna

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University’s constituent colleges in Chennai. The firm had frozen recruitment of freshers in the last two quarters, but has slowly started to induct lateral entrants in the third quarter of this fiscal year.

While the company added 400 employees in the second quarter, it recruited 3,900 professionals during the third quarter to take its global headcount close to 68,000. Post the two-day recruitment process at Anna University, Cognizant selected the 700 students from almost all disciplines of the undergraduate and postgraduate programmes.

“One critical aspect of our recruiting is that we are branch/discipline-agnostic. This helps us in solving business problems across industries,” said R Ramkumar, vice president, corporate marketing and research of Cognizant, in a statement.

“For example, in the past, companies used to focus on manufacturing as an industry segment. But today, the need is to specialise at a much granular level such as discrete manufacturing (automotive and industrial manufacturing), process manufacturing (chemical and construction material companies), transportation and logistics, and so on,” he added. Cognizant reported a net profit of $136.6m for the third quarter ended September 30, 2009, as compared to $112.8m for the corresponding period of the previous year. Revenue for the quarter rose to $853.5m, up 16 per cent from $734.7m in Q3 of 2008. The company increased its annual guidance to 15.5 per cent to at least $3.255b following robust Q3 performance.