On The Call
Cognizant posted healthy earnings for its first quarter, reporting $2.42 billion in revenue, up 19.9 percent over the same quarter last year, and hired 7,200 employees. While the solution provider, No. 10 on CRN's Solution Provider 500 list, saw some headwinds in North America due to weather, seasonality and the Affordable Care Act, the company said that it doesn't expect those changes to continue into upcoming quarters. After the earnings call, Cognizant CEO of IT Services Rajeev Mehta sat down with CRN to discuss the factors that are driving growth and what opportunities and challenges lie ahead.