CNBC US: Cognizant CEO Explains Cognizant’s Q1-2012 Earnings

“It’s very important to put our results into perspective,” says Francisco D’Souza. “We grew faster than virtually any of our peers in the first quarter of this year. Our revised outlook of at least 20% year-over-year growth for the full year is at the very top of our peer group. We continue to believe we are growing faster than the industry, faster than our peers and taking market share. While we are disappointed we took our outlook down a little bit as a result of the lack of acceleration we saw coming into the second quarter, we are confident in the strength of our business model and the fact we are taking share considerably as we go forward.”

He adds, “I think any industry that goes through secular shifts represents a long-term opportunity for us. As our clients go through secular shifts, in general they need to deploy technology in new, more creative and innovative ways. And that is where cognizant can play a significant role.”