Business Today: Cognizant’s Group Chief Executive for Technology and Operations Talks About Cognizant’s Q1-2012 Performance

R. Chandrasekaran, Group Chief Executive for Technology and Operations, Cognizant

“We feel good about the growth outlook as well as the way Q1 turned out,” says R. Chandrasekaran. “There is some tempered demand in the banking sector in North America as well as challenges in the pharma industry. These are the only two factors that contributed to reduced guidance. But 20 per cent growth, by any means, is fantastic growth for any industry at any point in time. We see broad-based growth in financial services, healthcare, manufacturing, etc. Banking and pharma are still growing, but not at the rate we had anticipated at the beginning of the year.”

He adds, “We consider 4.6 per cent growth sequentially (Cognizant’s guidance for Q2) to be a healthy growth compared to any other company or the industry. Customers are still looking for partnering with us to improve efficiency and leverage our consulting skills to help them through some of the transformational work they are doing. They are also looking at other cost take-out areas such as infrastructure and BPO. Those businesses are growing very well for us. We are definitely able to cross-sell and deepen our partnerships with all our customers. What we are focused on is maintaining the track record of industry-leading growth.”

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