Looking for acquisitions in Germany, France: Cognizant
New Jersey-based Cognizant Technology Solutions today reported a 18 per cent rise in revenues to $1.89 billion in the July-September quarter, beating Infosys for the second straight quarter. The company is now looking for acquisitions in Germany and France as valuations are attractive in the European region, says Karen McLaughlin, CFO of Cognizant. He further adds that the company is looking at stable margins, volume-based growth and further rupee hedging.
