Cognizant has recently surpassed Wipro and is now all set to dethrone Infosys from the second spot in revenues. As per latest information, Infosys has forecasted 8-10 percent revenue growth during the year to March 2013. This is putting Infosys in serious danger of being overtaken by rival Cognizant as the second largest software exporter. 

Infosys' underperformance could means that it can lose Investors and analyst’s confidence who may question whether the management has a coherent strategy to deliver growth while protecting margins. 

As far as Cognizant's business performance is concerned, it has recently pitched some good clients including JPMorgan, American Express and Pfizer, thereby raising chances to surpass Infosys in next quarter. 

It is reported that Cognizant has retained its average revenue growth of 34 percent from past eight quarters. Interestingly, Cognizant has now increased its forecast for earnings per share to $2.83 from $2.78 for the next quarter.

With such strong outcomes, Cognizant’s market share has increased by 300 basis points in the past two years among India's top five IT providers. 

Cognizant is also planning to expand its offerings. It is all set to invest big capital in management consulting, BPO/KPO, remote infrastructure management, mobility, cloud and social computing, enterprise analytics and big data in 2012.

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