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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.
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