Cognizant

Cognizant  Company Profile

THE SCOOP

Application awareness

Cognizant Technology Solutions is a provider of applications management, development, integration and re-engineering; infrastructure management; business process outsourcing; and other related services, such as enterprise consulting, technology architecture, program management and change management. Cognizant's clients hail from a number of industries, including banking and financial services, consumer goods, health care, insurance, manufacturing and retail, communications and information, and media and entertainment, among others.

Not your parents' outsourcing

The firm believes it offers a unique benefit to clients with its advanced on-site/offshore outsourcing model. Off-shoring, originally a means of taking care of low-impact business processes with inexpensive labor, was essentially a low-cost augmentation of staff. The practice has grown and developed, however, moving into systems of greater complexity and important production-based processes. Indeed, so far removed is what Cognizant offers from the initial portrayal of outsourcing as "cheap labor," the firm has been known to refer to its global delivery model as the "fourth generation" of outsourcing. While it retains the economic advantage and "follow the sun" capability (24/7 attention by passing work across time zones) of off-shoring, Cognizant has the additional ability to offer on-site teams with the sort of industry experience and advanced technology expertise that wouldn't have been found outside of Western markets in the early days of outsourcing. This makes it possible for projects of nearly any complexity or scale to be outsourced or completed on a global scale.

Indeed, scale is not a problem the company seems to struggle with, in any sense of the word. Having started with just 175 employees back in 1994, the firm has grown rapidly ever since, passing the 100,000 barrier for the first time in 2010.

Friends in the industry

Cognizant also partners with some of the largest software and technology organizations in the world. It has forged strategic alliances with Microsoft, Oracle, SAP and IBM, and maintains technology-sharing partnerships with Adobe, HP, Sun Microsystems and other companies whose products and services enhance its own offerings.

In 2008 the firm joined up with Germany's T-Systems-the enterprise customer division of Deutsche Telekom-to form a global systems integration alliance. Aimed primarily at catering to European corporations that have global delivery requirements for system integration services, the partnership is seen by both firms as an opportunity to greatly expand their businesses around the world. Under the terms of the deal, T-Systems' existing India unit-including around 1,150 staff-were transferred to Cognizant.

Keeping Busy

When Cognizant's professionals aren't at work on an engagement, they stay involved in the business by publishing research papers and studies. Cognizant frequently releases white papers; recent topics include the proper transition to data centers, the importance of investigating the best vendors and the best means of leveraging IT to boost ROI in retail. The firm additionally participates in conferences, summits and other events year round.

Empowering through education

Through the Cognizant Foundation, the firm engages in charitable work, usually involving education and health care. In past efforts, the foundation worked with the Indian Space Research Organization and Amrita Vishwa Vidyapeetham University to create Edusat, a distance education program facilitated by satellites. Edustat, which has been praised by the Indian government, is being used to boost educational opportunities in rural areas of the country. In the U.S., Cognizant works with Junior Achievement, a nonprofit organization that pairs volunteers with students to teach them the fundamentals of entrepreneurship and financial literacy.

IN THE NEWS

June 2013

STEMconnector®: Cognizant CEO Francisco D'Souza Named Among 100 CEO Leaders in STEM

"Francisco D'Souza, CEO of Cognizant, has been recognized as one of STEMconnector┬«'s 100 CEO Leaders in STEM. In its 100 CEO Leaders in STEM publication, STEMconnector┬«-the one-stop for "who" is doing "what" in STEM education and careers-also presents 100 corporate CEO profiles including their thought-provoking views on the future of America's competitiveness and need for a STEM workforce." 

Cognizant on the Forbes Fast Tech 25 List for a Record Eleventh Consecutive Year

Cognizant is on the Forbes Fast Tech 25 list yet again. In the 2013 Forbes ranking of America's 25 fastest growing technology companies, Cognizant ranks 12th. Notably, this is Cognizant's record eleventh-consecutive showing on the list. Cognizant is the only company to make the list every year since the list's inception.

CIO Magazine: Cognizant Named to the 2013 CIO 100

IDG's CIO magazine announced Cognizant as a recipient of the 2013 CIO 100. The 26th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).

May 2013

Cognizant Jumps 46 Places in 2012 in the Fortune 500

Cognizant ranked 352nd on the Fortune 500-a jump of 46 places from 2012. The Fortune 500 is Frtune magazine's annual ranking of the largest corporations in the United States, and is based on revenue for the previous fiscal year. With revenue of $7.35 billion in 2012, Cognizant climbed from 398th position in the ranking released in May 2012. The strong showing is the latest in a string of positive recognition from Fortune for Cognizant:In February 2013, the firm ranked among Fortune's "World's Most Admired Companies" for the fifth year in a row. In September 2012, Cognizant ranked on Fortune's 100 Fastest Growing Companies list for the tenth consecutive year, earning the top place on the "All-Stars" list of companies that appear on the 100 Fastest Growing Companies list year after year.

Cognizant CFO Karen McLoughlin Honored at CFO Magazine's Women in Finance Awards

CFO Magazine, the top US publication serving CFOs, honored Cognizant's Chief Financial Officer Karen McLoughlin at its second annual Women in Finance Awards in New York City. The half-day gala featured inspiring keynote speakers and informative panels designed to address the concerns of women in senior finance positions across all industries. In her role as Cognizant's CFO, McLoughlin oversees the company's worldwide Financial Planning and Analysis, Accounting and Controllership, Tax, Investor Relations, Treasury, Internal Audit, and Enterprise Risk Management functions.

March 2013

Cognizant CEO Ranks Among the Top Ten Highest Rated CEOs for 2013

In Glassdoor's annual report of the 50 Highest Rated CEOs for 2013 based on employee reviews over the past 12 months, Cognizant CEO Francisco D'Souza has ranked sixth with 96% approval.

"The CEOs who are most successful in gaining employee approval are those who paint a clear vision of what the company is setting out to achieve and how it's going to get there," said Robert Hohman, Glassdoor CEO and co-founder. "To be recognized by your employees as a strong leader also comes as a result of having a solid company culture that helps employees foster the skills necessary to move business forward and meet the needs of customers."

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Cognizant


500 Frank West Burr Boulevard
Teaneck, NJ 07666
Phone: 201-801-0233
Fax: 201-801-0243
www.cognizant.com

STATS


  • Employer Type: Public
  • Stock Symbol: CTSH
  • Stock Exchange: NASDAQ
  • President & CEO: Francisco D'Souza
  • 2013 Employees: 162,700

  • Employment Contact

    www.cognizant.com/careers


  • Major Departments & Practices

    Advanced Solutions Delivery

    Business Process Outsourcing

    Business Consulting

    Customer Solutions Practice

    Data Warehousing & Business Intelligence

    Enterprise Resource Planning

    Information Security & Privacy

    IT Infrastructure Services

    Portals & Content Management

    Program Management

    Software Applications Services

    Strategic Solutions

    Supply Chain Management

    Testing Solutions

    Usability Engineering

Major Office Locations

  • Teaneck, NJ (HQ)
  • More than 40 global delivery centers worldwide

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