Business Standard: Cognizant’s Chief Financial Officer Reiterates the Company’s Confidence in its Growth Outlook

“We have provided for a strong growth rate. If the second (June 2013) quarter plays out like this, we do believe there could be an upside. But we would not like to go ahead of ourselves in terms of guidance. For now, we are very comfortable with our guidance,” says Karen McLoughlin.

McLoughlin believes growth will come from verticals like financial services, retail and logistics and manufacturing.

“Over the last few quarters, we have seen a pick-up in our banking vertical. If you remember, a year back, the banking segment was slow. That has changed towards the second half of last year. We are also seeing some of the regulatory spend kicking in, which we were not expecting to happen. Additionally we also saw good growth in the BPO (business process outsourcing) segment for insurance,” she adds.

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