Infosys Gaining Ground on Cognizant in Revenue Race

Infosys Gaining Ground on Cognizant in Revenue Race

Introduction:📃🖊️

In the ever-evolving landscape of Indian-heritage IT services companies, Infosys is steadily narrowing the revenue gap with its competitor, Cognizant. A recent report by Kotak reveals significant insights into this dynamic competition.

The Revenue Rivalry:💰💸💵💲

Twelve years ago, Cognizant surpassed Infosys in revenue rankings, securing its position as the No. 2 Indian-heritage IT services firm. In subsequent years, Cognizant not only maintained its lead but also expanded it significantly. 

However, Infosys has been steadily closing in on Cognizant, with the revenue gap now reduced to a mere 6%.

Challenges Faced by Cognizant: 😤💵

Cognizant experienced a revenue growth of 5.6% in the September 2022 quarter, falling short of its guidance range due to execution challenges. 

Moreover, growth in key verticals such as financial services and healthcare has slowed down. Consequently, Cognizant revised its CY2022E revenue growth guidance to 7%, down from 8.5-9.5%.

Infosys' Remarkable Progress:📊

Meanwhile, Infosys has made significant strides in its revenue trajectory. The company raised its FY23 revenue growth guidance to 15-16%, reflecting a strong pipeline of large deals and robust demand momentum despite global economic uncertainties.

The Road Ahead:💹

With Infosys' quarterly revenue approaching Cognizant's figures and a comparable headcount, analysts predict that Infosys may soon reclaim revenue leadership over Cognizant. 

This projection underscores Infosys' remarkable growth trajectory and its potential to reshape the competitive landscape in the coming quarters.

Conclusion:📑🖊️

The rivalry between Infosys and Cognizant in the realm of IT services revenue is intensifying, with Infosys steadily closing the gap on its competitor. 

While Cognizant faces challenges in meeting revenue targets amidst execution hurdles, Infosys is capitalizing on its strong market position and robust growth projections to gain ground. 

As both companies navigate the evolving industry landscape, the competition promises to be fierce, with significant implications for the IT services sector as a whole.

Content Image Source Courtesy:

https://www.google.com/amp/s/www.livemint.com/

https://www.google.com/amp/s/www.news18.com