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Cognizant

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"Cognizant" redirects here. For See also the definition of cognizant, see Cognizant (disambiguation).
"CTSH" redirects here. For the protein or gene, see Cathepsin H.
Cognizant
Company typePublic (Nasdaq: CTSH)
IndustryIT Services
Founded1994
FounderFrancisco D'Souza
Lakshmi Narayanan Edit this on Wikidata
HeadquartersTeaneck, New Jersey, U.S.
Key people
Francisco D'Souza (President & CEO)
Lakshmi Narayanan (Vice Chairman)
Chandra Sekaran (President & MD, Global Delivery)
Gordon Coburn (EVP, CFO & COO)
RevenueIncrease $3.279 billion (2009)[1]
Increase $618.490 million (2009)[1]
Increase $534.963 million (2009)[1]
Total assetsIncrease $3.338 billion (2009)[1]
Total equityIncrease $2.653 million (2009)[1]
Number of employees
78,400+
WebsiteCognizant.com
Cognizant homepage - Chinese
Cognizant homepage - Japanese

Cognizant (Nasdaq: CTSH) is a multinational IT services and consulting corporation headquartered in Teaneck, New Jersey, United States.

Cognizant has been named to the 2009 Fortune 100 Fastest-Growing Companies List for the seventh consecutive year.[3] Cognizant has also been named to the Fortune 1000 and Forbes Global 2000 lists for 2009. It has consistently ranked among the fastest growing companies including the 2009 Business Week 50 list of the top-performing U.S. companies, the BusinessWeek Hottest Tech Companies 2009, and the Forbes Fast Tech 2009 list of 25 Fastest Growing Technology Companies In America.

History

Cognizant was founded in 1994 as an IT development and maintenance services arm of The Dun & Bradstreet Corporation. The company was spun off as an independent organization two years later. Cognizant was one of the first IT services companies to organize around key industry verticals as well as technology horizontals. It has significant practices in banking and financial services, insurance,health care and life sciences,retail, manufacturing, logistics, travel and hospitality, communications, and information, media and entertainment industries, among others.

Financial Health

Cognizant has seen year-over-year revenue growth of 16% in calendar year 2009, from $2.81 billion to $3.279 billion(USD). This growth has been realized across all industries.

Cognizant was listed on NASDAQ in 1998 and moved to the NASDAQ-100 Index in 2004. After the close of trading on 16 November 2006, Cognizant moved from the mid cap S&P 400 to the S&P 500.

Management

'Management : Executive Team

Lakshmi Narayanan - Vice Chairman

Francisco D'Souza - President & Chief Executive Officer

Gordon Coburn - Chief Financial & Operating Officer

Chandra Sekaran - President & Managing Director, Global Delivery

Rajeev Mehta - Chief Operating Officer, Global Client Service

Services

Cognizant provides a range of information technology consulting and business processing outsourcing (BPO) services, including business and technology consulting, complex systems integration, application development and maintenance, business process outsourcing, IT infrastructure services, analytics, business intelligence, data warehousing, CRM and social CRM, supply chain management, engineering management solutions, ERP, R&D outsourcing, and testing solutions.

Competition

Cognizant's primary competitors are Accenture, Hewlett-Packard, IBM, Capgemini, Tata Consultancy Services, Infosys and Wipro.

Other competitors include IT services companies such as Computer Sciences Corporation, Dell Perot Systems and HCL Technologies. Competitors in the Business Process Outsourcing space include Genpact and MphasiS (a division of HP Enterprise Services, formerly known as EDS).

Offshoring and Hiring in the U.S.

Cognizant is among the top 10 companies receiving H-1B visas to bring foreign workers to the United States. The company recognizes the risk this poses to their business model.

However, the company has been increasing its U.S. work force. In August 2009, the company announced plans to hire 100 people in Phoenix.[4]

Corporate Social Responsibility

Cognizant's philanthropic efforts are conducted worldwide through the voluntary efforts of Cognizant employees and the financial and administrative support of the Cognizant Foundation. Registered in March 2005 as a "Charitable Company" under the Indian Companies Act, the Cognizant Foundation helps underprivileged members of society gain access to quality education and healthcare by providing financial and technical support; designing and implementing educational and healthcare improvement programs; and partnering with Non-Government Organizations (NGOs), educational institutions, healthcare institutions, government agencies and corporations.

Through its Project Outreach, Cognizant supports schools and orphanages through more than 400 initiatives reaching more than 200,000 children worldwide.

Cognizant's sustainability efforts include a "Go Green" initiative launched in 2008 focused on energy conservation, recycling, and responsible waste management. The company supports national and international climate change policies and protocols such as the EPA's Climate Leaders program and the Carbon Disclosure Project.

Cognizant's Lend a seat, gain a friend's programme is widely popular.

Global Offices

In addition to its headquarters and delivery center in Teaneck, N.J., Cognizant has five additional delivery centers in the U.S.: Bentonville, Ark.; Bridgewater, N.J.; Chicago, Ill.; Holliston, Mass.; and Phoenix, Ariz. The company also has local, regional and global delivery centers in the UK, Europe, India, China, the Philippines, Canada, Argentina, and Mexico. The majority of the company’s employees are based in India, including Chennai, Coimbatore, Kolkata, Bangalore, Hyderabad, Pune, Mumbai, New Delhi, and Cochin.

  • Cognizant's Delivery Center in Pune, India.
    Cognizant's Delivery Center in Pune, India.
  • Cognizant's Delivery Center in Chennai, India.
    Cognizant's Delivery Center in Chennai, India.

Recent news

  1. Cognizant Reports Fourth-Quarter and Full-Year 2009 Results [5]
  2. Houghton Mifflin Harcourt Selects Cognizant to Establish HMH Digital Transformation Lab and Drive Operational Efficiencies [6]
  3. Cognizant Announces a Global Product Research and Development Relationship with Invensys Rail [7]
  4. Cognizant Opens Expanded Toronto Delivery Center to Serve Canadian, U.S. and Global Clients [8]
  5. Cognizant Reports Record Third Quarter 2009 Results and Raises Guidance for FY2009 Revenue and EPS [9]
  6. Cognizant Acquires UBS India Service Center, Enters Multi-Year Services Agreement With UBS [10]
  7. Cognizant Helps ELEXON Strengthen its Capability to Deliver Settlement of Electricity Trading in Great Britain [11]
  8. Cognizant Deploys IT Infrastructure Services at Rodale[12]
  9. Cognizant Expands Phoenix Delivery Center[13]
  10. Cognizant acquires Pepperweed Advisors[14]

References

  1. ^ a b c d e "News Room". Cognizant Technology Solutions Investor Relations. Retrieved 2010-02-13.
  2. ^ http://finance.yahoo.com/q?s=symbol=CTSH&page=quotesearch Company Profile for Cognizant Technology Solutions Corp (CTSH) accessed 2010-02-13
  3. ^ Fortune 100 Fastest-Growing Companies 2009
  4. ^ Cognizant Technology to hire 100
  5. ^ http://investors.cognizant.com/index.php?s=43&item=115
  6. ^ http://www.cognizant.com/html/news/pressreleases/2010/hmh.asp
  7. ^ http://www.cognizant.com/html/news/pressreleases/2009/invensys_rail.asp
  8. ^ http://www.cognizant.com/html/news/pressreleases/2009/toronto_deliverycenter.asp
  9. ^ http://investors.cognizant.com/index.php?s=43&item=108
  10. ^ http://www.cognizant.com/html/news/pressreleases/2009/UBSIndia.asp
  11. ^ http://www.cognizant.com/html/news/pressreleases/2009/Elexon.asp
  12. ^ Cognizant Deploys IT Infrastructure Services at Rodale to Reduce Costs, Increase Efficiency, Improve Customer Experience
  13. ^ Cognizant Expands Phoenix Delivery Center to Offer Business Process Outsourcing Services
  14. ^ Cognizant Acquires Pepperweed Advisors; Deepens Business Consulting Capability in IT Infrastructure Services

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