Analyst Note| Julie Bhusal Sharma |
On Jan. 12, Cognizant announced that former Infosys president Ravi Kumar has been appointed to CEO of narrow-moat Cognizant, effective immediately. The company also released mixed high-level results for the fourth quarter, featuring better-than-expected revenue. Kumar is replacing Brian Humphries, who has been CEO of the firm since 2019. Humphries will act as a special advisor to Cognizant until March to streamline the transition. We expect the transition will be aided by the fact that Kumar has already begun his orientation with Cognizant. On Oct. 17, 2022, Kumar was appointed president of Cognizant Americas, which sparked early rumors of Kumar eventually becoming CEO. Now with Kumar in the CEO role, 24-year Cognizant veteran Surya Gummadi will take the position of president of Cognizant Americas.