Thursday, February 10, 2011

For Cognizant, global benchmarks are the ones to beat

Buoyed by an earnings growth that has been consistently better than that of top-tier Indian IT companies, New Jersey headquartered Cognizant Technology Solutions now says it has its eyes set on global benchmarks rather than local.

Comparing to Indian Information Technology outsourcing firms such as Tata Consultancy Services (TCS), Infosys Technologies or Wipro Ltd. In fact, recently, when Wipro made top level changes, analysts ascribed
the move to the fact that Cognizant is at their heels and could overtake them as the third-largest IT firm in India.

In 2010,Cognizant registered a growth 40% compared with the 17-25% growth registered by the top three Indian IT firms. Cognizant’s success has been widely attributed to its willingness to aggressively invest in front-end sales force and senior management who are local to the markets they operate in, such as North America, from where it gets over 77% of its overall revenues

Source:http://www.dnaindia.com/money/report_for-cognizant-global-benchm arks-are-the-ones-to-beat_1505227

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