Mint: Cognizant’s Chief Financial Officer Talks About Managing Cognizant’s Rapid Growth
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“Managing growth is something we understand very well and are always focused on, so from my perspective and others in the organization we’re focused on how to make sure the infrastructure continues to scale with the organization both in terms of size—the number of people in our facilities and how to support that—and also in terms of making sure we continue to groom the talent, bringing the next set of leaders up through the organization and really providing the right set of career opportunities for people,” says Karen McLoughlin.
“We’re fortunate that most of our clients tend to be Global 2000 companies—so we’re dealing with very large companies, but I think the relationship works best when you have companies that are culturally aligned with ourselves,” she says. “Well-recognized names in the industry and large, successful organizations tend to be our customers.”
She adds, “If we go back to the recession of 2008-09…even in that very significant downturn, we grew significantly faster than our competition. It really comes down to having the strength in your relationships with customers…and really making sure that we’ve made the right investments to deliver the right services to our customers depending upon their needs.”
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Analysts Laud Cognizant’s Industry-Leading Growth in the June-Ended Quarter of 2013
“Reading through to the rest of the industry, it is an indication that Cognizant continues to out-execute its peers,” said Jesse Hulsing, research associate at US-based Pacific Crest Securities, says about Cognizant’s industry-leading performance in the June-ended quarter of 2013. “It is also another positive data point with regards to overall IT spending and how spending appears to be trending as we move through 2013.”
“Cognizant’s robust 2QCY13 result and an upgrade to full-year revenue outlook, a first in over two years, should boost confidence of investors in near-term order book of offshore IT companies,” said Nimish Joshi of CLSA Research.