As a growing number of companies continue to shift to the cloud, cloud migration services “will continue to be a big opportunity” for Cognizant, according to its CFO, Karen McLoughlin.
Noting that “almost everybody is playing in cloud,” she told the RBC 2019 Global Technology, Internet, Media and Telecommunications (TIMT) Conference in New York Nov. 19 that it’s just a “very big marketplace [with] lots of room for lots of competitors.”
And “if you look at the big cloud providers, they are all actively seeking partners who can be the services providers to help clients migrate to the cloud,” she told attendees.
Asked where we are in the cloud migration cycle, she responded: “On the one hand, I think we’re very early in the cycle. On the other hand, I would actually say it’s moved faster than certainly I might have expected a few years ago. A few years ago, when we started talking about cloud and particularly our client base,” the discussion was around “large, global 2,000 Fortune 500-type companies,” she noted. At that point, “there was a lot of dialogue about” whether those companies will go to the cloud or not, or “just put some peripheral things” in the public or private cloud.
But “I think what you’ve seen over the last really two years or so [is] most companies now are very comfortable saying, ‘Yes, I’m on a cloud migration journey,’ and the question is then how fast can they move and how do they do that?” she said.
Therefore, “I think there’s lots of opportunity there in the coming years,” she told attendees.
Digital engineering, meanwhile, has “been a big focus for us in the last couple of years” also, she told the conference, noting Cognizant has made a couple ..
Support the originator by clicking the read the rest link below.
