Voice of the Customer

TMCnet - The World's Largest Communications and Technology Community
 
| More
Voice of the Customer Featured Article Archive

[March 20, 2006]

Cognizant staff celebrate co's $1-bn revenue with iPods

(Ecomonic Times, The (India) (KRT) Via Thomson Dialog NewsEdge) Mar. 18--CHENNAI, India -- Cognizant Technology Solution's annualised revenue run rate of $1bn, during the quarter ended December 31, '05, was music to its employees' ears. All employees on the rolls of the IT company as on June 30, '05, got a fifth-generation 30GB Apple iPod each.

Cognizant posted revenues of $256.9m during the fourth quarter last year, taking the annualised revenue run rate beyond the $1bn-mark. "Our practice of rewarding and thanking employees for every single milestone is part of our cultural milieu that motivates us and ensures greater team bonding," R Chandrasekaran, executive VP & MD, Cognizant, said.

The iPods, which the Cognizant associates received on Wednesday, are capable of packing in close to 75 hours of video, 7,500 songs and 12,500 photos. This should let techies put their music in their pockets and still have room for reading with audiobooks, browsing photo slideshows, watching podcasts and TV shows, looking up an email address and they can even check the time in another city or time their fastest lap.

The market price of a 30GB video iPod is $299 or about Rs 14,000, according to Apple's online store. However, observers say, the company would have spent Rs 3,000-4,000 additionally on import duties and fringe benefit tax, which means an investment of Rs 30-32 crore on this initiative.

"We chose iPod for a couple of reasons," a Cognizant official said. "One billion dollar revenue run rate is a significant milestone, and the gift had to be something different. Also, it had to be techie -- something that young IT pros would love to have," he said.

Eventually, Cognizant hopes to use iPods as a communication tool, using it as a platform for internal communication. The iPods have been customised for Cognizant, with the company logo engraved on the back, the official said. Cognizant has over 25,000 employees on its rolls presently, absorbing over 7,000 people after June 30, 2005.

[ Back To Voice of the Customer Community's Homepage ]


FOLLOW US

FREE Voice of the Customer eNewsletter

Subscribe Now

Featured White Papers

  • Seven Best Practices for Speech Analytics: Speech analytics is valuable for identifying issues in the contact center. However, limiting its use to the contact center only considers a portion of all customer interactions and subsequently only reveals a small part of the voice of the customer. This paper discusses how organizations can optimize their Speech Analytics implementation strategy to realize the promise of this exciting technology.
  • Understanding the Voice of the Customer: Today's contact centers involve a sea of information that must be captured, processed, and distributed on a daily basis. Effective use of this information enables companies to remain competitive in an increasingly aggressive and customer centric marketplace. An overwhelming percentage of the information that circulates in a contact center's audio recordings, documents, web pages, and emails is unstructured in that it resides outside of a normal structured database and cannot be managed efficiently. These unstructured items contain valuable information, yet this information historically has been difficult to organize, categorize, and access.

Case Studies

  • Aflac: Aflac, the leading provider of guaranteed-renewable insurance turned to Autonomy to help them automate the process of monitoring their contact center agent for quality and compliance. The company now has a system that can offer continued improvement in agent quality and productivity while enhancing the customer experience. ...
  • Avaya: Avaya, a global leader in business communications, inherited 880 websites as well as numerous intranets and extranets when it was spun off from Lucent Technologies. The sheer volume and diversity of the sites and the over 500 content creators resulted in inefficient content distribution rife with divergent branding, messaging, and product information. ...

Video Showcase

    Interview with Autonomy: Rich Tehrani interviews Simon Hayhurst, SVP of Autonomy

Featured Events

  • Multichannel Analytics with Autonomy Explore: In today's world of constant connectivity there are a variety of direct and indirect channels of communication between an enterprise (or a brand) and its customers. 80% of these valuable interactions are generated in a human-friendly, unstructured format across multiple touchpoints and channels. With this ever growing mountain of information how do you extract the emerging trends and topics of interest to the enterprise? ...
  • SES Chicago 2011: Marketers and SEO professionals attend SES Chicago each year to network and learn about topics such as PPC management, keyword research, SEO, social media, local, mobile, link building, duplicate content, multiple site issues, video optimization, site optimization, usability and more. The conference offers 70+ sessions, intensive training workshops, and an expo floor packed with companies that can help you grow your business. While you're at it, network with peers and leading industry vendors. Programmed by the SES advisory board, you can be assured - SES content really is king! ...
 
 
| More