×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Cognizant to embark on major expansion programme

Cognizant to embark on major expansion programme
PTI
Comment E-mail Print Share
First Published: Sun, Mar 06 2011. 04 02 PM IST
Updated: Sun, Mar 06 2011. 04 02 PM IST
Tiruchirappalli: IT major Cognizant Technology Solutions is planning a major expansion programme in various cities at a budgeted $285 million on the back of a 40% growth rate over last year, a top official said on Sunday.
The expansion programme would be in the form of real estate and upgrading or introducing technology, company president and managing director R Chandrasekaran said.
He said the entire expansion programme would culminate in the calender year 2013 or 2014.
The expansion would be in cities including Chennai, Coimbatore, Kolkata, Pune, Bangalore and Hyderabad. “I cannot rule the possibility of including other cities while expanding.”
The company had recorded a 40% growth rate in the previous year and this year it would be a minimum of 26%, he said.
Its total revenue in 2010 calender year was $4.6 billion, 40% more than what it earned in 2009.
The company was embarking on a globalisation programme as a continuous process and the recruitment drive along with campus interviews in leading higher education institutes would continue, he said.
Comment E-mail Print Share
First Published: Sun, Mar 06 2011. 04 02 PM IST