Francisco D'Souza,CEO,
Chandra Sekaran, President and
MDGordon Coburn, Executive Vice President and CFO
Industry
IT Services
Revenue
2.14 Billion USD (Dec 2007)
Employees
~55400(Dec 2007)
Slogan
Passion for building stronger businesses
Website
http://www.cognizant.com/
chinese [1]Japanese [2]
Industry
IT Services
Revenue
2.14 Billion USD (Dec 2007)
Employees
~55400(Dec 2007)
Slogan
Passion for building stronger businesses
Website
http://www.cognizant.com/
chinese [1]Japanese [2]
History
Cognizant started in 1994, as Dun & Bradstreet Satyam Software(by Sushant Gupta) - the in-house technology development center for the Dun & Bradstreet Corporation (D&B) and its operating units. Initially a joint venture between Dun & Bradstreet (76%) and Satyam Computer Services Ltd. (24%), it soon became a 100% subsidiary of D&B Corp. In 1996, the company became a division of the Cognizant Corporation, after the split-up of Dun & Bradstreet Corporation.
In June 1998, Cognizant Corporation was again split into independent companies, and Cognizant Technology Solutions was formed as a division of IMS Health, a provider of information solutions to the pharmaceutical and healthcare industries. The same year, the company completed its initial public offering and was listed on the NASDAQ. In November 2002, IMS Health divested its majority interest in Cognizant through a tax-free split-off.'
Operations
Although it is headquartered in New Jersey, USA, most of Cognizant Technology Solutions' employees are based in the city of Chennai, India. It also has offices in Bangalore, Coimbatore, Hyderabad, Kolkata, Mumbai, Pune and Cochin and development centres in Shanghai, China and Amsterdam. Cognizant has over 55,000 employees. It became the first company in the world to be certified for CMMI-Level5 per the latest model.[3]
Cognizant has aligned its businesses vertically and has clients in
Banking & Financial Services
Healthcare
Manufacturing & Logistics
Information,Media & Entertainment
Telecommunications
Insurance
Life Sciences
Retail
Hospitality
Technology
In addition to vertical focus, Cognizant also provides specialty technology services through its horizontal expertise such as Data Warehousing and Business Intelligence, CRM, ERP,ITIS,BPOetc.
Financial Health
Cognizant's revenue for the fourth quarter of year 2006 is up 65 per cent from $256.9 million for the corresponding quarter the previous year to $424.4 million, and the company ended the year 2006 with $1.424 billion in revenue. During this quarter company added a net total of almost 4,500 employees and more than 50,000employees in 2006 overall. The company has a debt free balance sheet. Its income has seen a componded 40% annual growth in the last few years. For the five years ended Dec. 31, 2006, CTSH has grown its revenue by an average of 58.1% every year.[2]
After the close of trading on November 16, 2006 Cognizant moved from the mid cap S&P 400 to the S&P 500. On March 5th 2007 Cognizant became first American company to ring the NASDAQ opening bell remotely, from the Company's Chennai, India techno-complex.
Competition
Its primary competitors are Infosys and other IT services companies such as Accenture,PEROT SYSTEMS, Satyam, Siemens IT Solutions and Services, Wipro, Aricent and Tata Consultancy Services.
Recent News
Cognizant to Acquire marketRx, A Leading Provider Of Life Sciences Market Analytics for $135million.[3]
References
^ Cognizant Signs A Five-Year, Multi-Million Dollar Agreement With Kimberly-Clark
^ The 'Four Horsemen' of Indian Stocks: Financial News - Yahoo! Finance
^ marketRx
External links
Cognizant Technology Solutions
Business2.0 100 Fastest-growing tech companies
Forbes' listing on Cognizant
DBSS and Y2k Projects
Cognizant may race past Satyam
Businessweek Profile
Cognizant Technology financial snapshot at Google Finance
Cognizant Technology Solutions company profile - Reuters
Fortune's Fastest-Growing Companies (2006)
Cognizant started in 1994, as Dun & Bradstreet Satyam Software(by Sushant Gupta) - the in-house technology development center for the Dun & Bradstreet Corporation (D&B) and its operating units. Initially a joint venture between Dun & Bradstreet (76%) and Satyam Computer Services Ltd. (24%), it soon became a 100% subsidiary of D&B Corp. In 1996, the company became a division of the Cognizant Corporation, after the split-up of Dun & Bradstreet Corporation.
In June 1998, Cognizant Corporation was again split into independent companies, and Cognizant Technology Solutions was formed as a division of IMS Health, a provider of information solutions to the pharmaceutical and healthcare industries. The same year, the company completed its initial public offering and was listed on the NASDAQ. In November 2002, IMS Health divested its majority interest in Cognizant through a tax-free split-off.'
Operations
Although it is headquartered in New Jersey, USA, most of Cognizant Technology Solutions' employees are based in the city of Chennai, India. It also has offices in Bangalore, Coimbatore, Hyderabad, Kolkata, Mumbai, Pune and Cochin and development centres in Shanghai, China and Amsterdam. Cognizant has over 55,000 employees. It became the first company in the world to be certified for CMMI-Level5 per the latest model.[3]
Cognizant has aligned its businesses vertically and has clients in
Banking & Financial Services
Healthcare
Manufacturing & Logistics
Information,Media & Entertainment
Telecommunications
Insurance
Life Sciences
Retail
Hospitality
Technology
In addition to vertical focus, Cognizant also provides specialty technology services through its horizontal expertise such as Data Warehousing and Business Intelligence, CRM, ERP,ITIS,BPOetc.
Financial Health
Cognizant's revenue for the fourth quarter of year 2006 is up 65 per cent from $256.9 million for the corresponding quarter the previous year to $424.4 million, and the company ended the year 2006 with $1.424 billion in revenue. During this quarter company added a net total of almost 4,500 employees and more than 50,000employees in 2006 overall. The company has a debt free balance sheet. Its income has seen a componded 40% annual growth in the last few years. For the five years ended Dec. 31, 2006, CTSH has grown its revenue by an average of 58.1% every year.[2]
After the close of trading on November 16, 2006 Cognizant moved from the mid cap S&P 400 to the S&P 500. On March 5th 2007 Cognizant became first American company to ring the NASDAQ opening bell remotely, from the Company's Chennai, India techno-complex.
Competition
Its primary competitors are Infosys and other IT services companies such as Accenture,PEROT SYSTEMS, Satyam, Siemens IT Solutions and Services, Wipro, Aricent and Tata Consultancy Services.
Recent News
Cognizant to Acquire marketRx, A Leading Provider Of Life Sciences Market Analytics for $135million.[3]
References
^ Cognizant Signs A Five-Year, Multi-Million Dollar Agreement With Kimberly-Clark
^ The 'Four Horsemen' of Indian Stocks: Financial News - Yahoo! Finance
^ marketRx
External links
Cognizant Technology Solutions
Business2.0 100 Fastest-growing tech companies
Forbes' listing on Cognizant
DBSS and Y2k Projects
Cognizant may race past Satyam
Businessweek Profile
Cognizant Technology financial snapshot at Google Finance
Cognizant Technology Solutions company profile - Reuters
Fortune's Fastest-Growing Companies (2006)
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