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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.

Company Info

Revenues* $648.6 MILLION
Revenue Growth 56.9%
Return on Equity 22.2%
Total Return107.6%
Profits* $112.4 MILLION
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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Company Snapshot

Cognizant Technology Solutions Corporation provides custom information technology (IT) services related to IT design, development, integration, and maintenance services in the United States and Europe. The company offers Web-centric applications, data warehousing, component-based development, and legacy and client-server systems. Its IT services include application design, development, integration, and re-engineering and application maintenance. The company provides IT services using an integrated on-site/offshore business model. It primarily offers its services to the companies in the financial, health-care, and retail/manufacturing/logistics industries. Cognizant Technology has a strategic relationship with The Trizetto Group Inc. The company was founded in 1994 and is headquartered in Teaneck, N.J.

No. of Employees


Data provided by Capital IQ
Lakshmi Narayanan

Lakshmi Narayanan

AGE: 52


President and Chief Executive Officer

CEO Bio >

Total Compensation*


Total Value of Options**

$ 66.8 MILLION

Degrees Held

Indian Institute of Science, Bangalore (BS, MS, MBA)

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Lakshmi Narayanan, Francisco D'Souza, Gordon J. Coburn, Ramakrishnan Chandrasekaran

Board Members

Lakshmi Narayanan, John E. Klein, Robert W. Howe, Robert E. Weissman, Venetia Kontogouris, Thomas M. Wendel

Data provided by Capital IQ
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