Corporate Aug 30, 2012
Cognizant's astronomical growth has been under watch for quite some time now. While rivals are curious to know what is it that Cognizant is getting right, its rival Infosys said that it is not bothered by former's performance.
Speaking to CNBC TV18's Kritika Saxena exclusively, Infosys CEO & MD, SD Shibulal has said that Cognizant taking over his company in terms of quarterly revenue does not worry him and will in no way force the company to reduce prices while pitching for deals.
Infosys has been under the scanner for their consistent low performance and risk-averse attitude. Shibulal, however, said that Infosys plans to spend 10 percent of the revenue on acquisition and is on a constant lookout for a big acquisition to strengthen products and consultancy in Europe.The company is also strengthening heavily in its sales and marketing teams.
Although economic environment continues to be vulnerable, Shibulal maintained that the firm will keep up to the issued revenue guidance.
Spilling beans on succession plans, he added the nomination committee will decide on the next CEO and that there are many eligible candidates including Balakrishnan, BG Srinivasan and Ashok Vemuri.
More From Firstbiz Staff.