Cognizant
| Cognizant Corporate Logo | |
| Company type | Public (Nasdaq: CTSH) |
|---|---|
| Industry | IT Services |
| Founded | 1994 |
| Founder | Francisco D'Souza Lakshmi Narayanan  |
| Headquarters |  New Jersey |
Key people | Francisco D'Souza,CEO,  Lakshmi Narayanan,Vice chairman Chandra Sekaran, President and MD Gordon Coburn, Executive Vice President and CFO |
| Revenue | 2.0 Billion USD |
| 2,968,000,000 United States dollar (2022) | |
| 2,290,000,000 United States dollar (2022) | |
Number of employees | ~50000(Aug 2007) |
| Website | www.cognizant.com
chinese [1] Japanese [2] |
Cognizant Technology Solutions (Nasdaq: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. and with significant operations in Chennai, India.
Cognizant has been named to the 2007 Fortune 100 Fastest-Growing Companies List for the fifth consecutive year, making it the only company receiving the “Five-year all-stars” distinction in 2007’s list. This feat is unmatched by any company.[1].
Cognizant has also been named in the top 10 of Business Week’s Hot Growth Technology Companies. Cognizant was ranked 6th overall.It was the #1 ranked IT services Company in the list.
History
Cognizant started in 1994, as Dun & Bradstreet Satyam Software - the in-house technology development center for the Dun & Bradstreet Corporation (D&B) and its operating units. Initially a joint venture between Dun & Bradstreet(76%) and Satyam Computer Services Ltd. (24%), it soon became a 100% subsidiary of D&B Corp. In 1996, the company became a division of the Cognizant Corporation, after the split-up of Dun & Bradstreet Corporation.
In June 1998, Cognizant Corporation was again split into independent companies, and Cognizant Technology Solutions was formed as a division of IMS Health, a provider of information solutions to the pharmaceutical and healthcare industries. The same year, 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.'
Operations
Although it is headquartered in New Jersey, USA, most of Cognizant Technology Solutions' employees are based in the city of Chennai, India. It also has offices in Bangalore, Coimbatore, Hyderabad, Kolkata, Mumbai, Pune and Cochin and development centrea in Shanghai, China and Amsterdam. Cognizant has over 55,000 employees. It became the first company in the world to be certified for CMMI-Level5 per the latest model.[3]
Cognizant has aligned its businesses vertically and has clients in
- Banking & Financial Services
- Healthcare
- Manufacturing & Logistics
- Information,Media & Entertainment
- Telecommunications
- Insurance
- Life Sciences
- Retail
- Hospitality
- Technology
In addition to vertical focus, Cognizant also provides specialty technology services through its horizontal expertise such as Data Warehousing and Business Intelligence, CRM, ERP,BPO etc.
Financial Health
Cognizant's revenue for the fourth quarter of year 2006 is up 65 per cent from $256.9 million for the corresponding quarter the previous year to $424.4 million, and the company ended the year 2006 with $1.424 billion in revenue. During this quarter company added a net total of almost 4,500 employees and more than 50,000employees in 2006 overall. The company has a debt free balance sheet. Its income has seen a componded 40% annual growth in the last few years. For the five years ended Dec. 31, 2006, CTSH has grown its revenue by an average of 58.1% every year.[2]
After the close of trading on November 16, 2006 Cognizant moved from the mid cap S&P 400 to the S&P 500. On March 5th 2007 Cognizant became first American company to ring the NASDAQ opening bell remotely, from the Company's Chennai, India techno-complex.
Competition
Its primary competitors are other
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IT services companies such as IBM,Accenture, Infosys, HCL Technologies, Satyam, Siemens IT Solutions and Services,Wipro and Tata Consultancy Services
Recent News
- Cognizant to Acquire marketRx, A Leading Provider Of Life Sciences Market Analytics for $135million.[3]
References
External links
- Cognizant Technology Solutions
- Business2.0 100 Fastest-growing tech companies
- Forbes' listing on Cognizant
- DBSS and Y2k Projects
- Cognizant may race past Satyam
- Businessweek Profile
- Cognizant Technology financial snapshot at Google Finance
- Cognizant Technology Solutions company profile - Reuters
- Cognizant in the S&P 500
- [4]
- The Four Horsemen of Indian Stocks