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Bergen Record (NorthJersey.com): Cognizant’s Chief Financial Officer Says the Market Continues to be Very Strong for the Company

Karen McLoughlin says Cognizant lowered its outlook because “a handful” of large clients in North America and the United Kingdom had recently changed leadership, and the new leaders are evaluating their companies' spending on information technology. “But from our perspective, the market continues to be very strong. We think there are a lot of great opportunities for us in the marketplace,” she adds.

McLoughlin says that spending by Cognizant’s health care clients has eased somewhat since last year, when health insurers were scrambling to comply with the Affordable Care Act, but the company expects tech spending in health care to grow over the long term.

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