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Forbes / Bloomberg: Cognizant’s President Talks About the Company’s Q3-2012 Performance

“Customers need to do two things at once these days; cut costs and continue to invest in the business. That’s a dual mandate,” Gordon Coburn tells Forbes in the context of the company’s industry-leading growth in the September-ended quarter of 2012. “To do that, you need someone who has domain expertise and consulting experience. And we are doing well because we have that. Those that are struggling tend not to have the strong consulting capability. Our growth model is working well.”

Coburn adds, “Our traditional business is growing and our new business is reaching an inflection point. So now we expect early stage business start to kick off. Our clients expect their IT budgets to be flat next year. But they say they will shift to global delivery and management outsourcing next year. That’s the market that we play in, and the market is going to grow.”

Speaking with Bloomberg, Coburn says, “Chief information officers are relying on Cognizant to simultaneously reduce costs and invest in innovation. As long as clients understand the playing field and are able to make decisions, we do well. Right now, clients understand the playing field and are moving forward with their businesses, and we become a very important piece of that puzzle.”

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