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'''Cognizant Technology Solutions''' ('''CTS''') ({{Nasdaq|CTSH}}) is an American multinational IT services and consulting corporation headquartered in [[Teaneck, New Jersey]], [[United States]]. Cognizant has been named to the 2010 ''[[Fortune (magazine)|Fortune]]'' 100 Fastest-Growing Companies List for the eighth consecutive year.<ref>[http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2009/snapshots/9Ï0.html Fortune 100 Fastest-Growing Companies 2010]</ref> Cognizant has also been named to the Fortune 1000 and Forbes Global 2000 lists. It has consistently ranked among the fastest growing companies including the 2010 ''[[Business Week]]'' 50 list of the top-performing U.S. companies, the Business Week Hottest Tech Companies 2010, and the Forbes Fast Tech 2010 list of ''25 Fastest Growing Technology Companies In America.''
'''Cognizant Technology Solutions''' ('''Cognizant''') ({{Nasdaq|CTSH}}) is an American multinational IT services and consulting corporation headquartered in [[Teaneck, New Jersey]], [[United States]]. Cognizant has been named to the 2010 ''[[Fortune (magazine)|Fortune]]'' 100 Fastest-Growing Companies List for the eighth consecutive year.<ref>[http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2009/snapshots/9Ï0.html Fortune 100 Fastest-Growing Companies 2010]</ref> Cognizant has also been named to the Fortune 1000 and Forbes Global 2000 lists. It has consistently ranked among the fastest growing companies including the 2010 ''[[Business Week]]'' 50 list of the top-performing U.S. companies, the Business Week Hottest Tech Companies 2010, and the Forbes Fast Tech 2010 list of ''25 Fastest Growing Technology Companies In America.''


==History==
==History==

Revision as of 18:03, 20 January 2011

Cognizant Technology Solutions Corporation
Company typePublic (Nasdaq: CTSH)
IndustryIT services
IT consulting
Founded1994
Founderkumar mahadevan
HeadquartersTeaneck, New Jersey, United States
Key people
Francisco D'Souza
(President & CEO)
Lakshmi Narayanan
(Vice Chairman)
RevenueIncrease $4.50 billion (2010)[1]
Increase $618.49000 million (2009)[1]
Increase $671 million (2010)[1]
Total assetsIncrease $3.33800 billion (2009)[1]
Total equityIncrease $2.65300 million (2009)[1]
Number of employees
100,000 (2010)
WebsiteCognizant.com

Cognizant Technology Solutions (Cognizant) (Nasdaq: CTSH) is an American multinational IT services and consulting corporation headquartered in Teaneck, New Jersey, United States. Cognizant has been named to the 2010 Fortune 100 Fastest-Growing Companies List for the eighth consecutive year.[3] Cognizant has also been named to the Fortune 1000 and Forbes Global 2000 lists. It has consistently ranked among the fastest growing companies including the 2010 Business Week 50 list of the top-performing U.S. companies, the Business Week Hottest Tech Companies 2010, and the Forbes Fast Tech 2010 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 with Kumar Mahadeva[4] as its Chairman and CEO.[5] The company was spun off as an independent organization two years later. Kumar Mahadeva resigned in 2003 when Lakshmi Narayanan took charge as CEO[6] 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, Communications, Consumer Goods, Energy & Utilities, Health care, Information, Media & Entertainment, Insurance, Life Sciences, Manufacturing, Retail, Technology, Transportation & Logistics and Travel and Hospitality.

Financial Health

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

Francisco D'souza - President and Chief Executive Officer

Lakshmi Narayanan - Vice Chairman

Gordon Coburn - Chief Financial and Operating Officer

Chandra Sekaran - President & Managing Director, Global Delivery

Rajeev Mehta - Chief Operating Officer, Global Client Services[7]

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, Web Analytics, Business Intelligence, Data Warehousing, CRM and social CRM, Supply Chain Management, Engineering Management Solutions, ERP, R&D Outsourcing, and Testing solutions.

Offshoring and Hiring in the U.S.

Cognizant is among the Top 10 companies receiving L1 visas to bring foreign workers to the United States. The company recognizes the risk this poses to their business model. In a November 2008 SEC 10-Q filing, the company said "Our future success will depend on our ability to attract and retain employees with technical and project management skills from developing countries, especially India. The vast majority of our IT professionals in the United States and in Europe are Indian nationals. The ability of Indian nationals to work in the United States and Europe depends on their ability and our ability to obtain the necessary visas and work permits."[8] However, the company has been increasing its U.S. work force. In August 2009, the company announced plans to hire 100 people in Phoenix.[9]

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.

Cognizant Academy

All learning programs are conducted through Cognizant Academy, the in-house training center. The four key educational initiatives are: Continuing Education, Role-based Training, Executive Training program, Certification. In addition to internal training programs, associates undergo management-specific training at notable universities and colleges, including Harvard University, Indian Institute of Management, and the Indian Institute of Technology. In addition to the formal learning in classrooms, Cognizant Academy takes learning to our employees' desktops. They use multi-modal learning, as well as Technology-Based Training (TBT) material.[10]

Global Offices

  • 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 [11]
  2. Houghton Mifflin Harcourt Selects Cognizant to Establish HMH Digital Transformation Lab and Drive Operational Efficiencies [12]
  3. Cognizant Announces a Global Product Research and Development Relationship with Invensys Rail [13]
  4. Cognizant Opens Expanded Toronto Delivery Center to Serve Canadian, U.S. and Global Clients [14]
  5. Cognizant Reports Record Third Quarter 2009 Results and Raises Guidance for FY2009 Revenue and EPS [15]
  6. Cognizant Acquires UBS India Service Center, Enters Multi-Year Services Agreement With UBS [16]
  7. Cognizant Helps ELEXON Strengthen its Capability to Deliver Settlement of Electricity Trading in Great Britain [17]
  8. Cognizant Deploys IT Infrastructure Services at Rodale[18]
  9. Cognizant Expands Phoenix Delivery Center[19]
  10. Cognizant acquires Pepperweed Advisors[20]

References

  1. ^ a b c d e "News Room". Cognizant Technology Solutions Investor Relations. Retrieved 2010-02-13.
  2. ^ Company Profile for Cognizant Technology Solutions Corp (CTSH) accessed 2010-02-13
  3. ^ Fortune 100 Fastest-Growing Companies 2010
  4. ^ http://www.alumni.hbs.edu/bulletin/2003/september/mahadeva.html
  5. ^ http://www.rediff.com/money/2003/dec/22cognizant.htm
  6. ^ "Cognizant founder steps down". The Hindu Business Line. Retrieved 2010-09-27.
  7. ^ Cognizant
  8. ^ SEC Filing - Risk Factors
  9. ^ Cognizant Technology to hire 100
  10. ^ Cognizant
  11. ^ "Cognizant Reports Fourth Quarter and Full Year 2009 Results - Feb 09, 2010". Investors.cognizant.com. Retrieved 2010-07-29.
  12. ^ "Houghton Mifflin Harcourt Selects Cognizant to Establish HMH Digital Transformation Lab and Drive Operational Efficiencies". Cognizant.com. Retrieved 2010-07-29.
  13. ^ "Cognizant Announces a Global Product Research and Development Relationship with Invensys Rail". Cognizant.com. Retrieved 2010-07-29.
  14. ^ "Cognizant Opens Expanded Toronto Delivery Center to Serve Canadian, U.S. and Global Clients". Cognizant.com. Retrieved 2010-07-29.
  15. ^ "Cognizant Reports Record Third Quarter 2009 Results and Raises Guidance for FY2009 Revenue and EPS - Nov 03, 2009". Investors.cognizant.com. Retrieved 2010-07-29.
  16. ^ "Cognizant Acquires UBS India Service Center, Enters Multi-Year Services Agreement With UBS". Cognizant.com. Retrieved 2010-07-29.
  17. ^ "Cognizant Helps ELEXON Strengthen its Capability to Deliver Settlement of Electricity Trading in Great Britain". Cognizant.com. Retrieved 2010-07-29.
  18. ^ Cognizant Deploys IT Infrastructure Services at Rodale to Reduce Costs, Increase Efficiency, Improve Customer Experience
  19. ^ Cognizant Expands Phoenix Delivery Center to Offer Business Process Outsourcing Services
  20. ^ Cognizant Acquires Pepperweed Advisors; Deepens Business Consulting Capability in IT Infrastructure Services
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