Cognizant Technology Solutions
Even in the fast-growing outsourcing industry, Cognizant is a standout. Propelled by the increased outsourcing of health-care data processing and by a growing number of European clients, Cognizant’s 2006 sales jumped 61%. Its bread and butter, though, remains managing financial and information-tech services for U.S. clients; companies such as Wells Fargo, Citigroup, and Aetna account for 86% of its sales. To keep growth humming, CEO Francisco D’Souza plans to hew to the company’s policy of investing aggressively in operations and staff, adding 16,000 workers, mostly in India and China. And he plans to spend $200 million on more office space and infrastructure in India, where Cognizant has 70% of its operations. The outlay comes at the cost of margins lower than Indian rivals Wipro and Infosys Technologies, but so far these bets have paid off in growth.
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|Total Return||Past 12 Months|
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|Economic Sector||Information Technology|
|Industry||IT Consulting & Other Services|