Francisco D'Souza

Francisco D'Souza's firm closes second fund in under five months, targets mid-market digital services firms and completes multiple exits including to IBM, Insight

D'Souza was the last of the three Indian and Indian origin co-founders of the firm that initially started as a captive unit of Dun & Bradstreet in 1994 through a JV with Satyam Computers

Cognizant Technology Solutions chief executive Francisco D'Souza saw his performance bonus dip by 20 per cent in 2016 as the software exporter slipped on targets and faced investors ire over its business model.The US-headquartered firm, which follows the model of Indian rivals such as TCS, Infosys and Wipro, with a large offshore base grew its revenue by 8.6 per cent to $ 13.49 billion in 2016, but lower than its January projection of 10-14 per cent growth. D'Souza saw his cash payout reduce to $ 4,50,332 from the targeted $ 564,655 for the year, according to regulatory filings on Friday. However, his base pay increased by 3 per cent to $ 664,300 for 2016. Sixty three per cent of his annual compensation is linked to performance.Besides slowing business, Cognizant saw an activist investor Elliott Management seek change in business model, repay investors cash and change in the board composition to address future challenges. In January, the company complied with the plea. Senior ...