The Information Technology 100
Cognizant Technology Solutions
As more companies farm out their business tasks to India, Cognizant keeps riding the outsourcing wave. The bulk of the New Jersey-based outsourcer's sales come from managing enterprise applications for corporations in its development centers scattered across India. But Cognizant developed a twist on the formula that has given it an advantage over the increasingly crowded field. Rather than setting up shop solely in India, Cognizant was one of the first outsourcers to focus on building a U.S.-based management team so that it could develop closer relationships with customers.
The strategy is working like a charm. About 87% of its sales come from customers in North America, most of which are large corporations that want to cut their tech costs -- such as JP Morgan Chase and United Healthcare. Now, Cognizant is seeing growth from testing software code and is moving upstream into consulting.
|Return on Equity||22.2%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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