Cognizant: Difference between revisions
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{{Infobox_Company | |
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company_name = Cognizant Technology Solutions | |
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company_type = Public ([[Nasdaq]]: [http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=CTSH&selected=CTSH]) | |
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company_logo = [[Image:CTSLogo.GIF|100px|Cognizant Corporate Logo]] | |
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company_slogan = Celebrating Work | |
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foundation = 1994 | |
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location = [[New Jersey]]|[[Chennai]], [[India]] | |
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key_people = [[Lakshmi Narayanan]], President and CEO<br />[[Francisco D'Souza ]], Chief Operating Officer<br /> |[[Chandra Sekaran]], Executive Vice President and MD<br/>| |
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[[Gordon Coburn]], Executive Vice President and CFO <br/> |
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products = [[IT services]] | |
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num_employees = ~28,000([[May 2006]]) | |
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revenue = {{profit}} a little above $1 billion [[United States dollar|USD]] (4th Quarter [[2005]]) | |
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industry = [[IT Services]] | |
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homepage = [http://www.cognizant.com/ www.cognizant.com] |
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}} |
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'''Cognizant Technology Solutions ''' {{Nasdaq|CTSH}} began its software services business in [[1994]] as the in-house technology development center for The [[Dun & Bradstreet]] Corporation (D&B) and its operating units. In [[1996]], the Company became a division of Cognizant Corporation, after the split-up of the D&B Corp. |
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In June [[1998]], Cognizant Corporation was again spun-off into many independent companies, and Cognizant Technology Solutions was formed as a division of [[IMS Health]], the world’s leading provider of information solutions to the pharmaceutical and healthcare industries. In June [[1998]], the Company completed its initial public offering and was listed on the [[NASDAQ]]. In November 2002, IMS Health divested its majority interest in Cognizant through a tax-free split-off,thereby making Cognizant a truly widely-held company traded on the NASDAQ. |
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The present CEO of the company is Lakshmi Narayanan. The base of Cognizant Technology Solutions (CTS) is in the Indian city of Chennai, Tamil Nadu, where they have eight offices at present. The employees at Cognizant number 29000+, and this figure is on the increase, as Cognizant is fast becoming one of the largest job providers in India. |
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While initially the core clients were from Healthcare, Cognizant now has clients who deal in Manufacturing & Logistics, Finance, Information Defined Services, Telecom,CRM, Healthcare, Insurance, Life Sciences, Retail and Media. |
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The revenue of Cognizant is around the $850 million mark (2nd Quarter 2005),it may be considered as being in the same league as [[INFOSYS|Infosys]], [[WIPRO|Wipro]], [[Tata Consultancy Services]] which are the other, major Indian Information Technology (IT) companies. |
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Cognizant is considered an employee friendly Organization. For nearly 10,000 Cognizant Technology Solutions employees around the world, March 9,2006, rung in, literally, with a surprise. After having reached the billion dollar revenue in the last quarter of 2005, the IT major celebrated the achievement in style by gifting a majority of its employees a state-of-the-art iPod each. |
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Cognizant's earlier gifting sprees (2001-2002) had consisted of cruises to the Bahamas, chartered trains to Pondicherry and chartered flights to Malaysia, all exclusively for its employees and their families. |
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Lately due to the changes in compensation policy, which clearly isnt an employee friendly one has created quite a stir among the employees. It is anticipated that the attrition rate may go up in the near future. |
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