Bloomberg TV: Executive Vice Chairman of Cognizant India Underscores the Company’s Bullish Business Outlook for 2014

“The demand environment for our portfolio of services is pretty robust,” says R. Chandrasekaran. “While discretionary spend increased significantly in Q1, it was a slow start on application outsourcing. During the second half of the year, when discretionary spend will continue to happen, we will see a significant ramp-up in the application outsourcing space. We feel pretty bullish about the rest of the year in terms of the demand outlook. That is why we have reaffirmed our revenue growth guidance of at least 16.5% for the current year.”

He adds, “We expect our financial services business to continue to grow. Demand is coming from two broad areas: reducing the cost of running IT, and improving regulatory compliance. That is opening up a lot of demand. Plus, most financial services clients are looking at transforming their businesses by leveraging technology. People are talking about mobile banking, digital banking, leveraging analytics to do fraud analytics, mortgage analytics, and so on. A lot of new opportunities are opening up in the financial services segment. So we expect the demand to be robust.”