Top challenges for newly appointed Chief Executive Officer Ravi Kumar at Cognizant
Ravi Kumar is the new CEO at Cognizant, replacing Francisco D’Souza. The company looks to get its mojo back under Ravi Kumar S as it tries to beat its main competitor Infosys in terms of growth, And profitability.
An industry veteran with over 20 years of leadership experience in software services, has been appointed as CEO of Cognizant. He joins at a time when the company is looking to get its mojo back. The challenges include cutting costs and improving profitability while delivering growth — all while reorganizing the company’s workforce.
The IT major has been hit by challenges including a slowdown in its core business, growing competition due to automation, And changing client demands. We analyze the key challenges facing Kumar and how he will deal with them.
He has been tasked with turning around a company that has lost its way and is battling fierce competition from fast-growing. Indian rivals such as Infosys and Wipro. But perhaps an even greater challenge would be to restore investor confidence in one of India’s oldest IT services companies. which has seen its stock price slump more than 50% over the last 18 months.
Cognizant looks to get its mojo back under new Chief Executive Officer
Cognizant has been suffering from a challenging market environment,which has resulted in underperformance. The company is looking to get its mojo back under its new CEO, Ravi Kumar. He faces several challenges including pressure on profits and rising competition from rivals like Accenture and Infosys.
He is a seasoned professional with over 2 decades of experience, who’s been with Cognizant for the last 4 years. Ravi Kumar has been instrumental in helping the company become one of the top 2 IT services providers globally by revenue. His biggest challenge may be getting the company prepared for an uncertain future as it transitions from being a pure consulting firm, to a shift toward digital services and automation. Kumar previously served as the chief operating officer of the IT services firm. He also worked at Hewlett Packard Enterprise and Cisco Systems in various leadership roles.
He will take on the role of both the COO & CTO while continuing to lead the business development function. His primary focus as Chief Executive Officer will be to execute the firm’s strategy and drive long-term value creation for its clients, employees, shareholders, and stakeholders in order to help make India an IT destination.
Cognizant, one of the world’s leading providers of IT and consulting services is making progress in the new financial year under Ch Ravi Kumar Srinivasan. However, challenges remain and the company will need to focus on establishing an effective strategy to tackle these challenges.
Cognizant is a global information technology company that offers to consult and outsourcing services, as well as business process services. As of March 2018, Cognizant had 496,000 employees (around 9 percent of its workforce). The company operates in four main areas: technology consulting and outsourcing, professional business services, direct client, and the public sector. In 2010-2017 Cognizant was ranked number one in the world. It is in the annual CGI list compiled by Fast Company magazine.
Cognizant has been the world’s first IT. And business process outsourcing firm to have a registered U.S. charity, The Cognizant Foundation. It was founded in 1982. And began operations in 1983 as an educational publishing firm. Later turning into a global software services company after it merged with International Computer Systems Corporation in 1986.
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