HP Inc. vs Cognizant
Side-by-side comparison of AI visibility scores, market position, and capabilities
HP Inc (HPQ) reported $53.6B in FY2024 revenue, up 2.5% YoY. World's #2 PC maker (~23% share). ~58,000 employees. HQ: Palo Alto, CA. Split from Hewlett Packard Enterprise in 2015.
About
HP Inc. is a global technology company specializing in personal computers, printers, and related products, headquartered in Palo Alto, California. HP Inc. was created in November 2015 when Hewlett-Packard Company completed a separation into two independent publicly traded companies: HP Inc. (personal systems and printing) and Hewlett Packard Enterprise (enterprise IT infrastructure and services). HP Inc. reported revenues of $53.6B in fiscal year 2024 (ending October 2024), with approximately 58,000 employees worldwide.
Teaneck NJ IT services (NASDAQ: CTSH) $19.7B FY2024 revenue; Belcan engineering $1.3B acquisition, GenAI 100+ engagements, NextGen transformation competing with Infosys, Wipro, and Accenture.
About
Cognizant Technology Solutions Corporation is a Teaneck, New Jersey-based information technology services and consulting company — publicly traded on the NASDAQ (NASDAQ: CTSH) as an S&P 500 Information Technology component — providing IT services, digital transformation consulting, cloud migration, enterprise application management, and business process outsourcing through approximately 340,000 employees primarily in India (Chennai, Hyderabad, Pune delivery centers) serving clients in financial services, healthcare, manufacturing, and communications sectors in North America, Europe, and the rest of world. In fiscal year 2024, Cognizant reported revenues of $19.7 billion with modest growth as the IT services sector emerged from the 2023 discretionary spending slowdown, with the company's NextGen strategy (investing in generative AI services, cloud-native application transformation, and digital operations) driving bookings growth. CEO Ravi Kumar S. — joined January 2023 from Infosys — has executed a talent and client engagement restructuring focused on "moving up the value chain" from labor-arbitrage IT outsourcing toward higher-value consulting and AI-integration services: the Belcan acquisition ($1.3 billion, 2023) added 5,500 engineering services professionals serving US aerospace and defense customers (Boeing, Lockheed Martin, General Dynamics), expanding Cognizant beyond IT services into engineering R&D outsourcing. Cognizant's generative AI practice (partnering with Google Cloud, Microsoft Azure, AWS for GenAI implementation) grew to 100+ active GenAI client engagements by 2024 as enterprise clients deployed AI copilots, process automation, and customer service chatbots on Cognizant-managed cloud infrastructure.
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