The Times Of India: "Cognizant Breaks into $2 Billion/Quarter Revenue Club"

“Cognizant breaks into $2bn/qtr revenue club,” reads the headline in The Times of India, referring to Cognizant’s Q1-2013 revenue of $2.02 billion.

"In Europe, Cognizant is benefiting from two factors,” says Peter Schumacher, CEO of US-based Value Leadership. “One, buyers see them as an invigorating enabler of change that delivers tangible value, thus, helping buyers compete more effectively in the new normal. Second, Cognizant is taking share from European legacy incumbents, which across the board saw significant revenue and profit declines in Q1.”

He adds, “Cognizant's strong growth in the BFSI sector reflects the powerful position they have built. Cognizant is likely to gain more share against legacy incumbents and much of continental Europe is still wide open for them to grow.”

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