Software and IT Services: Cognizant warning on Financial Services: what implications for our stocks under coverage?

News published on February Tuesday 9, 2016
Share on

Yesterday, Cognizant reported FY15 results and issued a cautious guidance range due to Financial Services and Healthcare. It warned of discretionary IT projects being pushed out and of slower growth in Q1 16 due to economic concerns. The lower end of the 10-14% FY16 sales growth guidance suggests an ongoing freeze if economic concerns continue. While strategic projects are not called into question, we cannot rule out longer sales cycles. The IT stocks in our coverage that are most exposed to this are Temenos, Axway, Sopra Steria, Capgemini, Software AG, and Atos.  

For more information, please contact

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities