Cognizant sees demand uptick in financial services, says Rajeev Mehta

Despite lowering the upper end of its revenue guidance for 2018, Nasdaq-listed Cognizant says it is seeing good demand across all verticals. Rajeev Mehta, president of Cognizant, tells Debasis Mohapatra and Alnoor Peermohamed the company has a laser-sharp focus on revenue and is not taking up contracts that don’t yield the right kind of margins. Edited excerpts:

Cognizant has cut the top end of its full year revenue guidance for 2018. What is the rationale behind this? Do you see any significant slowdown in IT spending due to external factors? 

We narrowed the range based on where we were in Q3