What Cognizant's Q1 means for TCS, Infosys

Back-ended growth fears to subside: Cognizant not only reported better sales (3.7 per cent sequentially) in the first quarter, but its Q2 sales forecast also outpaced Street estimates. This is likely to allay Street fears of stiff back-ended growth requirement in the second half of 2013 to meet 2013 growth guidance and the possibility of similar result disappointments at Infosys and Wipro, global investment bank Nomura said. Cog...