Cognizant Technology Earnings Report: Q4 2014 Conference Call Transcript

By now you should have obtained a duplicate of the income launch for the Organization's 4th one fourth and full-year 2014 results. If you have not, a duplicate is available on our website, Aware.com.

The sound systems we have on modern contact are Francisco D'Souza, Primary Professional Officer; Gordon Coburn, President; and Nancy McLaughlin, Primary Financial Official.

Before we commence, I'd like to emphasize you some of content made on modern contact and some of the reactions to your concerns may contain forward-looking claims. These claims are topic to the threats and concerns as described in the Organization's income launch and other fragments with the SEC. Francisco, please move on.

We completed 2014 on a powerful observe. Our 4th one fourth earnings were $2.74 billion dollars a successive improves of 6.2%, such as earnings from Risotto. Not including the effect of the Risotto purchase, we published successive development of 3.1% in Q4, such as a damaging fore effect of 1.1%. For the twelve month 2014, such as Risotto, we provided $10.26 billion dollars of income, which showed development of 16.1% over 2013.

As you're aware, we improved our full-year assistance development assistance at the clock of our Q2 income launch, due to customer particular problems and late ramp-ups in some tasks. As is obvious from our powerful efficiency during Q3 and Q4, both customer and project-specific problems are now can us, and as we get into 2015, we are motivated by the durability of the requirement atmosphere, and how well-positioned we cost to catch the market chance.

Adjusting for the effect of Risotto and fore activity, this assistance shows powerful income development in our actual company, and is approximately in line with our 2014 development. Let me start with the requirement atmosphere.

For many areas, we've been speaking with you almost a once in a several years move, motivated by electronic technological innovation that are placing sectors and companies at a crossroads. First, technological innovation has shifted from automating dealings to incrementing all factors of our lifestyles. Receptors are being included everywhere, which indicates that actual surroundings are becoming more brilliant, and almost everything is getting a resource of information. It's approximated that by 2020 there leave be 50 billion dollars linked gadgets, producing 50 times the information that is being produced nowadays. The only way to utilize this environment is through innovative types of automated and technological innovation.

In the past, technological innovation progress was recognized by brief times of very extreme advancement, followed by extended times of step-by-step enhancement. Nowadays, advancement periods have compacted so considerably that company management around the world has to think of advancement and enhancement at the same time.