Cognizant SMAC unit head Mahesh Venkateswaran resigns


Venkateswaran has stepped down from his role at the company barely a week after the New Jersey-based company reported lacklustre June quarter results

Mahesh Venkateswaran, the head of Cognizant Technology Solutions Corp.’s social, mobile, analytics and cloud (SMAC) businesses, has stepped down from his role at the company, barely a week after the New Jersey-based company reported lacklustre June quarter results and forecast weaker revenue growth for the year.

Prior to his departure, Venkateswaran, an 18-year veteran at the company who used to report to chief executive Francisco D’Souza, was helping D’Souza incubate new ideas in the SMAC sector.

Cognizant’s SMAC business generates about $500 million in annual revenue.

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