Cognizant First quarter revenue of $2.42 billion was up 19.9 percent from the year-ago period and up 2.8 percent from the previous quarter. Net headcount addition for the quarter was approximately 7,200.
"Cognizant continues to be well positioned to help clients as they face the secular shifts impacting their businesses," says Francisco D'Souza, CEO. "Our broad set of capabilities and our compelling value proposition enable Cognizant to help clients simultaneously 'run better' and 'run different,' by not only driving efficiency in their current operations, but also helping them to re-imagine and re-design their business models."
Meanwhile, Gordon Coburn, President, says: "We remain confident in the overall demand environment and in our ability to deliver our previously stated revenue guidance of at least $10.3 billion for 2014, up at least 16.5 percent over 2013. Our strategy of re-investing in our business to build strength across all of our growth horizons is clearly paying off. As the impact of digital technologies increasingly becomes a CEO level agenda item, Cognizant is well positioned to capitalize on this trend."
