CNBC TV-18: Cognizant’s Group Chief Executive for Technology and Operations Says the Company is Upbeat About its Growth Prospects

“We feel pretty good about the quality of growth that we see for Cognizant, not just in Q1 for rest of the year too,” says R. Chandrasekaran. He says that Cognizant has always been bullish about Europe from a longer term perspective. “Given the long-term potential of Europe as a market which is as large as US collectively, we continue to make lot of investments. We are seeing the demand for our services picking up in Europe given all the investments that we have made over a period of time,” he notes.

Chandrasekaran adds, “The demand for our service has been very robust. It is mainly because the investment that we have made in terms of shoring up of our capability. It is the investments that we have made and the sharp focus on operational efficiency that is really helping us get robust demand from our customers for our services.”

“Customers are looking at combining multiple service lines to bring synergies,” Chandrasekaran notes. “There are a lot of such opportunities out there and we have been very successful in winning several of them. We are very happy with the pipeline. If the demand environment continues to be the way it has been in the last three-four months, we can even expect an outperformance for 2013.”