Rising digital puts Cognizant on $1-b Path

BENGALURU: Cognizant said a demand for digital technologies is helping it make up ground in Asia-Pacific, a market that it expects will become a $1-billion business in the next few years.The company has been winning a slew of deals in the region and announced its project with Swiss banking firm Julius Baer in the region.The project, which was a core-banking transformation in Singapore and Hong Kong, involved every aspect of Cognizant’s digital business and hundreds of business analysts, Jayajyoti Sengupta, head – Asia Pacific at Cognizant, said.“Two things that have helped us in Asia Pacific in the demand side is that we have some great economies. We have some amazing markets such as India and China, Singapore and Japan. Another thing that is changing in Asia Pacific is the shift to digital. We are seeing huge demand of digital at scale,” Sengupta told ET in an interview.Though he said that there was still a large amount of legacy work in Asia-Pacific, it was the growing appetite for digital offerings that was driving growth and helping Cognizant catch up. “We were not one of the first to get into Asia-Pacific, we started later. But the pace at which we are able to catch up is pretty significant. When I came to Asia Pacific about 5 and a half years ago, the contribution of Asia Pacific to Cognizant’s overall revenue was in the range of 1%. And today, if you see, the rest of world, which is predominantly Asia Pacific is over 6-and-a-half percent of Cognizant’s business,” Sengupta said.

from The Economic Times https://ift.tt/2O8O6lO