IT 100 Special Report 2006 >

  THE INFOTECH 100 COMPANIES
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84

Cognizant Technology Solutions

(NasdaqNM: CTSH)

USA

Cognizant Technology Solutions isn't an Indian company—it's based in New Jersey—but it sure acts like one. Like the top Indian tech services outfits, it provides custom software programming for some of the world's largest corporations with a workforce that is primarily located in India. And, like them, it prides itself on delivering top-quality services at very competitive prices. One difference: Cognizant is growing even faster than its Bangalore soul mates. Revenues for the first quarter of $285 million were up a sizzling 57%, and that performance put it on track to break the $1 billion annual revenue barrier. Thanks to Cognizant's rapidly growing vertical industry expertise and its deep relationships with customers, it has joined the ranks of the elite tech services companies.

Company Info

2005 Rank

32

Sales*
($ Millions)

989.6

Sales Growth
(over prev. year)

53 %

Profits*
($ Millions)

181.5

Return on Equity

22.9 %

Total Return on Sales (12-mo.)

22.9

Share Price
As of 5/31/06

59.00

CURRENT
MARKET INFO

NasdaqNM: CTSH

No. of Employees

26,750

Industry Services
COMPANY WEB SITE >
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Cognizant Technology Solutions provides custom information technology (IT) consulting and technology services in North America, Europe, and Asia. Its services include technology strategy consulting, complex systems development, enterprise software package implementation and maintenance, data warehousing and business intelligence, application testing, application maintenance, and infrastructure management. The company also offers outsourcing services, which include application maintenance, IT infrastructure outsourcing, and business process outsourcing. Its IT consulting and technology services comprise business process consulting; IT strategy consulting; technology consulting; software testing services; and application design, development, integration, and re-engineering. Cognizant Technology primarily offers its services to the companies in the financial, health-care, retail, telecommunications, and information services industries. The company was founded in 1994 and is headquartered in Teaneck, N.J.


Data provided by Capital IQ
 
Lakshmi Narayanan

Lakshmi Narayanan, 52

President and Chief Executive Officer

Total Compensation

$427,964

Value of Options

$74,066,634

Indian Institute of Science, Bangalore - BS, Indian Institute of Science, Bangalore - MBA, Indian Institute of Science, Bangalore - MS

Lakshmi Narayanan has been president of Cognizant Technology Solutions since March, 1998, and its chief executive officer since December, 2003. Previously, Narayanan served as chief operating officer of Cognizant Technology Solutions from March, 1998, to December, 2003. He joined the Indian subsidiary of Cognizant Technology as chief technology officer in 1994 and was elected president of that subsidiary in January, 1996. From 1975 to 1994, Narayanan was regional head of Tata Consultancy Services. He has been director of Cognizant Technology since 2003. Narayanan holds bachelor's, master's, and MBA degrees from the Indian Institute of Science.



Executive Data provided by Capital IQ