Financial Chronicle: Cognizant's Group Chief Executive for Technology and Operations Attributes the Company’s Robust Growth Outlook to Healthy Market Demand for its Services

“For Cognizant, the market demand has remained healthy,” says R. Chandrasekaran. “Our performance during the quarter [Q3-2013] was stronger than anticipated due to faster ramp-up in demand for outsourcing services and strong discretionary spend on consulting and technology services. Growth during the quarter was also broad-based across our portfolio of industries, services and geographies, showing once again that we stay relevant to changing client needs.”

He says that clients are looking for service partners who can address their dual mandate of driving greater performance from the current business while improving the positioning of their businesses for the future. “We remain well-positioned to address this dual mandate,” he points out. “ On one side, we are working to aggressively reduce clients’ total cost of ownership and generate higher level of productivity by leading many clients to best-in-class delivery models with corresponding managed services and output-based commercial models. On the other side of the dual mandate, we continue to engage with an increasing number of CIOs and other C-level executives, who are struggling with the pace of change in their industries or who want to re-think their business models.”

According to Chandrasekaran, SMAC (Social, Mobile, Analytics and Cloud) is at the core of many of the company’s client conversations. “While SMAC provides a challenge to some clients’ business models, it also creates tremendous opportunities for them to generate business value,” he says.

On Europe, he says, “The economic climate in Europe is driving an ongoing structural shift from discretionary projects to long-term annuity-based outsourcing deals. This shift makes Europe an attractive long-term market. While Cognizant has traditionally been strong in the UK, Switzerland and The Netherlands, we are quite pleased with the results we are seeing from targeted investments in Germany and France.”

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