Teaneck, N. J.-based information technology services firm Cognizant is widely expected to report a growth of at least 16 per cent in 2013.

In a filing with the Securities & Exchange Commission (SEC), Nasdaq-listed Cognizant said its senior executives would get 100 per cent of their performance-related stock units only if the firm hits a revenue target of $8.52 billion.

The filing also stated that none of the options will vest if the company's revenue for the year fails to reach more than $8.22 billion, and the compensation will be doubled in case the revenue reaches $9.18 billion.

Viju K George and Amit Sharma, analysts with JPMorgan, said that the company's initial revenue growth guidance in past three years remained equal to or higher than the announced threshold of 100 per cent stock unit award.

Estimating the company's growth, the analysts added, "So, it would be reasonable to assume Cognizant is likely to guide for at least 16 per cent revenue growth in 2013, provided there is no macro shock due to events like fiscal cliff."

Analysts are also of the view that Cognizant might have set its growth target for 2013 conservatively as its latest 2012 guidance of 20 per cent revenue growth is going to miss its previous guidance of 23 per cent growth.

Jefferies & Co. analyst Jason Kupferberg maintained a "Buy" rating on Cognizant's shares with a price target of $80 apiece.