Financial Times: Cognizant CEO Talks About the Company’s Q3-2013 Performance and Future Strategy

“Our next area of focus has been and will continue to be Asia and the Middle East,” says Francisco D’Souza. “We haven’t done much in those markets by way of inorganic acquisitions, but I could see that as an area that we would look into in 2014 and beyond.”

“Our primary motive when we look at acquisitions is for capability, as opposed to growth,” he says. “I expect as we go into 2014 our pace of doing M&A might increase … [and] as we get larger as a company, obviously the definition of what counts as a tuck-in acquisition changes and gets bigger as well.”

Touching upon the demand environment in the banking sector, D’Souza says, “Banking and financial services is an industry that for many years after 2007 saw a lot of bumpiness. But we now see stability returning to that industry, and we see clients investing in initiatives to grow their businesses.”

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