Interview with President, Technology Solutions, Cognizant
Firm cuts full-year forecast for 2nd straight quarter
Q2 net profit down 40% due to one-time remittance, revenue up 9.2% y-o-y
Idea Couture is a privately-held firm that offers a broad range of digital innovation, strategy, design and technology services
Financial services is by far the largest business vertical for Cognizant, as it is for most other large IT services companies
In the quarter, Nasdaq-listed Cognizant, which has huge delivery presence in India, reported its lowest quarterly revenue growth
Slowest quarterly revenue growth in 14 years
Company's profits missed expectations; revenue growth as well as guidance lags that of Infosys
The company said it expects second quarter revenue between $3.34 billion-$3.40 billion
The ReD Associates, a strategic consulting firm specialising in the use of human sciences.