16% growth guidance for 2015 fair: Cognizant

IT services firm Cognizant has guided to a 16 percent growth for calendar year 2015 and believes its forecast is fair since it is seeing increased traction in all its businesses. The company is also eyeing 19 percent growth for fiscal FY15 led by higher spending in healthcare. The forecast is higher than Nasscom’s projection of 12-14 percent growth exports for FY16. The Nasdaq-listed IT company has crossed the USD 10 billion revenue mark. 

Speaking to CNBC-TV18, Malcolm Frank said it will continue to focus on growth and surpassing its peers has been a natural by product.

Cognizant bases its upbeat guidance on strong demand environment across services, that too after factoring in higher Visa costs. The company does not think US will pass its Immigration Bill in next two years.