Cognizant CEO Ravi Kumar wins back major client from former employer. Cognizant secured a multi-year workplace services transformation deal worth over $300 million from Daimler Trucks, a contract Kumar originally helped secure for Infosys in 2020. The five-year agreement is expected to generate approximately $60 million annually and add 0.3% to Cognizant's full-year revenue. The deal represents a significant shift as Daimler moves portions of its IT services away from Infosys due to execution delays on their original $3.2 billion contract. This strategic win demonstrates Kumar's influence in the competitive IT services sector and highlights growing competition among major service providers for enterprise clients.
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