Cognizant says revenue from Europe set to grow

Tue Nov 22, 2011 1:20pm EST

(Reuters) - Cognizant Technology Solutions (CTSH.O) expects revenue from Europe to be significantly higher in coming years, as businesses look to cut costs and outsource more amid increasing uncertainty, a top executive said at the Reuters India Investment Summit.

"We see Europe as a very significant opportunity. Today, Europe is 18 percent of revenue. When I look at 4-5 years, I expect it to be at a significantly higher percentage of revenue," Chief Strategist Malcolm Frank said.

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