Tuesday , December 1 2020

Cognizant chooses an outsider for top job

Cognizant has for the first time chosen an outsider for the director's work.

Brian Humphries, currently managing director of Vodafone Business, takes over from the Nasdaq-listed IT company from April 1st.

He will succeed the company's co-founder Francisco D & # 39; Souza, who has served as CEO since 2007.

Sir. D & # 39; Souza will serve as full-time secretary vice-chairman to facilitate the transition to June 30, 2019. Then he remains on the board as deputy chairman.

Cognizant has also announced that Rajeev Mehta will step down as president on April 1, 2019.

Sir. As CEO of Vodafone Business, Humphries has been responsible for its global business.

He also held senior management positions at global technology leaders Dell and Hewlett-Packard. "I am looking forward to building on the great work and collaboration that Cognizant has with customers, the development of innovative solutions and its operational execution and strength", says a release that Mr Humphries says.

"As a board, we started a methodical search for my successor to ensure a fully thought-out and orderly transition when the time came," said D & # 39; Souza during the earnings call.

"We were looking for someone with a track record of success across multiple businesses, industries, technologies, geographies, roles and organizational cultures. Brian fits the bill. I am fully committed to ensuring Brian's success and Cognizant's continued growth in my current and future roles, "he added.

Q4 revenue rose 7.9%

New Jersey headquarters experienced its fourth-quarter revenue up 7.9% to $ 4.13m. $ From the previous year. For the full year 2018, revenue rose to DKK 16.13 billion. USD, an increase of 8.9% (8.5% in fixed currency) from 2017. Net income was DKK 648m. USD for the quarter. Last year, for the same period, it posted a net loss of $ 18 million.

The company also said it expects revenue growth in Q1 2019 to be 7.5% -8.5% in fixed currency and full-year revenue of 7-9%.

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