Financial Times: Cognizant Shines in IT Sector

Cognizant CEO and President Francisco D'Souza outlined the company's recipe for its "secret sauce" in this Financial Times interview: “We made a  decision to set operating margins at a target level of 19 to 20 per cent, lower than our key offshore competitors, to give us the room to reinvest everything above that into the business."  Echoing those remarks, Sudin Apte, principal IT analyst at Offshore Insights, added, "The company also took a bold step and increased its spend in a touch economy on activities such as R&D and innovation, account management, building new offerings and solutions, and continued recruiting at senior and middle management level when arguably many others cut their budgets.”

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