Rajeev Mehta Cognizant
Explained: Why Infosys, Cognizant are battling it out in a US court
Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive
 "Explained: Why Infosys, Cognizant are battling it out in a US court")
Revenue guidance will see revision: Rajeev Mehta
Cognizant on Friday reported one of its weakest financial quarters. In an interview with Bibhu Ranjan Mishra, the US-headquartered company's Chief Executive Officer for IT Services Rajeev Mehta says growth should pick up from here on. Edited excerpts:What went wrong?We had mentioned in the last earnings conference that there would be a little bit of softness in Q1 (the March quarter), especially in the banking segment, involving large institutions. There was also some softness in the budget in the beginning of the year, which delayed the start of some discretionary projects. In addition, a lot of mergers and acquisitions (M&As) are actually going on in the health care space, which means the softness in that sector would continue until the M&As are over. Once those are complete, I see a big pick-up with new opportunities during their integration and I think Cognizant is very well-positioned to continue to leverage that.So you are expecting a rebound in the second (June) quarter?
 "Revenue guidance will see revision: Rajeev Mehta")
