Business Standard: Cognizant’s Chief Executive Officer of IT Services Talks About Cognizant’s Q2 2014 Performance and Business Environment

“We have revised our guidance primarily due to two issues impacting us this year. First, some large deals we announced recently have a longer sales cycle; second, a handful of our accounts have had leadership changes and the new leadership will take some time to look at re-evaluating budgets,” says Rajeev Mehta.

“These are the reasons,” he adds, “why we are anticipating some delays. But we have very strong relationships in these accounts; so, in the long run, there is no concern. Additionally, we are still seeing a very healthy demand environment in the overall market.”

He points out, “Last quarter, we hired 8,800. That gives an indication of our growth expectations.”

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