Cost Issues A Big Hurdle For Cognizant Growth Story, Say Analysts | In the News

Despite its move to optimise the employee pyramid for bringing back growth, analysts are of the opinion that Cognizant is not out of the woods yet.

While cost control can be one of the possible options for sustaining margin and pushing growth, Cognizant’s challenges seem to be multifold.

“Despite beating estimates in its September (2019) quarter revenue, we think that Cognizant has some fundamental issues, especially in its financial services and health care segments. These will take time as the company struggles with a host of internal and external issues, such as client specific challenges, baggage from the previous leadership and structural challenges revolving around the pricing issue in the legacy side of the business,” said Peter Bendor-Samuel, founder and chief executive officer (CEO) of global IT outsourcing consultancy firm.

Read more in Communications Today

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