Hindustan Times: Cognizant CEO Says the Company Continues to See Demand for IT Services

“In today’s environment, client firms want to run their businesses more efficiently and expect their IT vendors to help them re-think about their business models,” says Francisco D’Souza. “At Cognizant, we have done well to help our client firms run their businesses better and effectively. Hence, we continue to see demand for our IT services and no significant hold-back of IT spend by client firms.”

On Cognizant’s acquisition strategy, D’Souza says, “The strategy of acquiring for capability and not capacity is central to Cognizant's acquisition philosophy. The approach is to look at small “tuck-under” acquisitions that add capability in specific areas. Given the size of Cognizant today, the company’s sweet spot really is in the $20 million to $80 million range, maybe going up to $200 million.”

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