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

“We are quite pleased with our growth, both the growth we saw in Q1 and also the growth outlook,” says R. Chandrasekaran. “Though we have reduced it from 23 percent to 20 percent for full year, it is still by far industry-leading growth. We are quite pleased with the past growth as well as the growth for the rest of the year. What has led to us reducing the overall guidance is the acceleration of demand that we anticipated at the beginning of the year. It is lower than what we had anticipated originally.”

He adds, “We are quite pleased with the growth outlook for the company. If you look at all industry segments, they are all poised for good growth. Even the troubled Financial Services segment, though it may grow slightly lower than the company average, it’s still growing at a healthy pace for us. In Health care, the payer segment is growing extremely well. We see good growth opportunities in retail, manufacturing, and in the technology, communication, and information-media segments. We see pretty healthy uptake in all the service lines, whether it is IT infrastructure services, BPO services, or consulting, and we are also beginning to see traction in emerging Horizon 3 services. Growth of 20% by any standards is still fantastic growth.”