Cognizant Technology Solutions: Wikis

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Cognizant
Type Public (NASDAQCTSH)
Founded 1994
Headquarters Teaneck, New Jersey, U.S.
Key people Lakshmi Narayanan (Vice Chairman)
Francisco D'Souza (President & CEO)
Chandra Sekaran (President & MD, Global Delivery)
Gordon Coburn (EVP, CFO & COO)
Industry IT Services
Revenue US$ 3.279 billion (2009)[1]
Operating income US$ 618.490 million (2009)[1]
Net income US$ 534.963 million (2009)[1]
Total assets US$ 3.338 billion (2009)[1]
Total equity US$ 2.653 million (2009)[1]
Employees 78,400+
Website Cognizant.com
Cognizant homepage - Chinese
Cognizant homepage - Japanese

Cognizant (NASDAQCTSH) is an information technology services and consulting company with headquarters in Teaneck, New Jersey, United States and with significant operations in Chennai, India.

Cognizant has been named to the 2009 Fortune 100 Fastest-Growing Companies List for the seventh consecutive year[2]. 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.

Contents

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.

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, 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 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.[3]

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.

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.

Recent news

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

References

External links

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