Cognizant Technology Solutions Corp (NASDAQ:CTSH) saw strong growth in financial services and healthcare during 2012. Total revenues grew by 20% in 2012 from 2011 to $7.3 billion. This is largely due to what the management call a “continued expansion of the market for global delivery of IT services and business process outsourcing.” The company also saw an 8.9% increase in revenue from Europe. This is something Accenture was not able to accomplish. Growth next year should be solid double digit and the stock price has a 10% upside potential.
Each of these companies’ success are tied directly to market conditions. Uncertainty and growth both fuel future profits. The international market will see both of these this year. Investors have already taken the growth of Infosys Ltd (NYSE:INFY) into consideration and the company is reasonably priced right now. But, Accenture and Cognizant are two companies investors should consider. Over the next year they both have great upside potential as investors are waiting to see how far they will grow. Get in now and grow alongside them.
Austin Higgins has no position in any stocks mentioned. The Motley Fool recommends Accenture.