Gartner's IT Spending Forecast A Major Tailwind For Cognizant [Seeking Alpha]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Seeking Alpha
Gartner's IT Spending Forecast A Major Tailwind For Cognizant Summary Gartner projects acceleration in IT spending in 2020-21. Enterprise Software segment is expected to have the fastest growth, albeit IT Services and Communications Services are still the largest segments. Cognizant should continue its outreach toward China, where cloud is picking up steam. At the same time, the tariff war has little impact on the IT Services spending. Company Description : Cognizant focuses on three core verticals: Financial Services, Healthcare, Manufacturing / Retail / Logistics, which collectively make up about 90% of its revenue base. The Financial Services vertical focuses on banking/transaction processing, capital markets and insurance services. The Manufacturing/Retail/Logistics group includes manufacturers, retailers, travel and other hospitality customers. The Healthcare group includes largely healthcare providers and payers. In addition, the company also has clients in media, entertainment,
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