 "Cognizant")
Once considered a worthy competitor to the likes of Accenture and IBM, investors of Cognizant got a rude shock last week when the company guided its worst-ever revenue growth since inception. The market was not able to come to terms with the changes, given that the top management of the US-based information technology (IT) services firm had painted a rosy picture on its growth prospects just a quarter back.
Explaining the rationale behind such a drastic shift, industry experts said the change in the business model, with focus on margins after activist hedge fund Elliott came on board, seemed to be
