Cognizant Expects to Maintain Revenues in US, Europe


Cognizant Expects to Maintain Revenues in US, Europe
Kolkata: Nasdaq listed Cognizant Technology Solutions surpassed Infosys in terms of revenue in the April June quarter and became the second largest software company in India with revenue of $1.79 billion. The company expects to maintain revenues in the United States and Europe. "We hope to maintain the revenues which the company generates from US and Europe", R Chandrasekaran, Group Chief Executive (Tech and innovations) of Cognizant told reporters on the sidelines of ICT East seminar here today. Of total revenues earned by the company, the US contributed 78 per cent while Europe contributed 18 per cent. For the year from January to December 2012, the company was targeting at a growth of 20 per cent, he said. Chandrasekaran said that the company was investing in emerging areas like analytics, cloud computing and new technology services among others. "These are long-term investments", he said. The beginning of the year saw some acceleration in demand, he said.
Source: PTI