NDTV Profit: Cognizant’s President and Chief Financial Officer Discuss Cognizant’s 2012 Performance and 2013 Outlook

“For 2012, we are thrilled that we delivered on our commitments,” says Gordon Coburn, President. “Our guidance of at least 17% for 2013, we believe, will be industry-leading. We believe we will continue our trend of being the fastest grower of the major players in the industry. Where exactly the year settles down will depend on what happens to discretionary spending as we go through the year. But we start with a number that we are comfortable with and that aligns with our strategy of stable margins and industry leading revenue growth.”

Karen McLoughlin, CFO, says, “Over the last several years, our addressable market has doubled in size as we offer broader range of services to our clients operating in broader range of geographies. We continue to be very bullish on the European market. We are starting to see some very good traction, particularly in terms of clients moving towards outsourcing engagements formerly known as application maintenance. We had expected that as Europe began to come out of recession and as clients looked to transform their businesses, there would be a shift towards doing more traditional outsourcing. We’re beginning to see that and we expect that trend to grow in 2013.”