Future of Work

Cognizant hurts Infosys and TCS on fears of outsourcing slowdown

Cognizant is disappointed with its performance, despite still being on track for its first $10 billion run rate year and the promise of its biggest deal to date. What was interesting – and a little alarming – was the knock-on impact of the Cognizant numbers on the likes of Infosys and TCS, both of which saw their stock prices tumble as investors took fright at the prospect of a general outsourcing slowdown. It doesn’t take much to start a scare.

Read the source article at diginomica

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