When we think of outsourcing these days, the names that quickly spring to mind are Tata Consultancy Services, Infosys Consulting and Wipro—the top three firms coming out of India. But New Jersey-based Cognizant Technology Solutions has been rising in the ranks of late, having recently announced that its last-quarter performance showed a 6.3% increase over the same period last year, and it is expecting substantial growth over the next year. The firm has capitalized on its US-based sales force, which had been a problem area last year for the Indian-based firms. Over the past year, Cognizant has outpaced its larger competitors on the sales front and has brought on more new clients than the others—and therefore brought in more revenue than both Infosys and Tata.
In last year's Vault IT Consulting survey, Cognizant came in at No. 9 in our Outsourcing ranking, while Infosys, Tata and Wipro came in 3rd, 4th and 5th, respectively. It did beat out its competitors in the Overall Business Outlook category, however—perhaps a telling sign of what's to come in the next few years. Survey respondents from Cognizant told us of a rapidly growing company (which company infrastructure seemed to be struggling to keep up with) with a global footprint, and an awareness of their place in the industry. Consultants said that there’s “a zeal to outperform competition,” and consultants “are somehow motivated to give only our best.” They also commented on the strong atmosphere of mentoring throughout the company, and noted that, “due to the small team size, all team members are familiar, and associates get to work with every partner, mostly.”
Stay tuned to see how Cognizant fares in the latest Vault survey, the results of which will be released later this summer.
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