The Economic Times: Cognizant’s New CFO Talks About the Company’s Performance and Growth

“Cognizant has a tremendous reputation of reinvesting to consistently deliver industry-leading growth, while maintaining our target non-GAAP operating margin of 19-20%,” says Karen McLoughlin. “I believe in this strategy of reinvestment and my immediate priority is to ensure we deliver against that objective.” Responding to a question on the situation in Europe, she says, “We believe that Europe remains attractive over the long term, especially as economic pressures create more demand for our services. While some clients have slowed their pace of discretionary spending in the short-term, they still seek cost savings. Shrinking population in some European nations will create a talent gap bigger than that in the US.” When asked about her role as the CFO, McLoughlin says, “One of the key learnings is the role of the CFO must be one of a business partner to our business units. It must be remembered that they are the ones driving success. Our role is to facilitate that success.”

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