Cognizant Technology Solutions Corp has expanded CEO Francisco D’Souza’s role and has given him additional responsibility as the Vice-chairman of the company.
John Klein, chairman of Cognizant stated, “I would like to recognize Francisco for his remarkable contributions since he was named CEO in 2007. Since he assumed the role, Cognizant has grown more than seven-fold, to a Fortune 200 company with nearly $15 billion in revenues in 2017….We all look forward to Francisco's continued contributions to the company," John Klein, chairman of Cognizant said.
Ever since D’Souza took over as the CEO of the Teaneck, New Jersey-based IT services company in 2006, Cognizant has been consistently outperforming its contemporaries and clocked revenues of $14.81 Bn in 2017.
Interestingly, it has been the only company in the IT outsourcing space to clock over $1 Bn in incremental revenue every year since the beginning of 2010. Or so to say, under D’Souza Cognizant has added $13.39 Bn in revenues over the last 11 years.
On his appointment, D’Souza stated, “It's a great honor to be named Vice Chairman of Cognizant's Board. The many accomplishments of Cognizant over the years belong to the talented leadership team and to our dedicated group of more than 260,000 associates around the globe ...As Cognizant turns 25 years old as a company, our market opportunity has never been greater as we focus on creating the digital leaders of tomorrow.”
At the end of 2017, the IT major employed about 260,000 individuals, out of which 180,000 were in India. Additionally, at the end of the year 2016, the company’s headcount stood at 260,200 people, out of which 188,000 were in India.
“The appointment is in recognition of Frank’s many years of leadership in guiding Cognizant into the Fortune 200 company that it is today and the value of his continued strategic guidance to ensure sustained growth,” said a spokesperson.
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