IT COMPANIES IN INDIA – COGNIZANT TECHNOLOGY SOLUTIONS
SOFTWARE COMPANIES IN INDIA – COGNIZANT TECHNOLOGY SOLUTIONS
Cognizant Technology Solutions (Cognizant) is an American multinational provider of custom information technology, consulting and business based process outsourcing services. It is located and headquartered in Teaneck, New Jersey, USA. The company is a member of NASDAQ-100, the S&P 500 and Fortune 500. Cognizant has been named to the 2010 Fortune 100 Fastest-Growing Companies List for the eighth consecutive year. Cognizant Technology was one of the first IT services companies to organize around key industry verticals as well as technology horizontals.
Cognizant Technology was founded in 1994 as an IT development and maintenance services arm of The Dun & Bradstreet Corporation, at Chennai, with Kumar Mahadeva as its Chairman and CEO also. The company was spun off as an independent organization two years later and moved its headquarters to the US. Kumar Mahadeva resigned in 2003 when Lakshmi Narayanan took charge as CEO. Major portion of the revenue for Cognizant is derived out of clients from US. Its Financial Services are 42.3%, Health-care are 25.9%, Manufacturing, Retail & Logistics are 18.6%, Communications, Information, Media & Entertainment and Technology are 13.2%
Cognizant Technology Solutions was listed on NASDAQ in 1998 and moved to the NASDAQ-100 Index in 2004. After the close of trading on 16 November 2006, Cognizant moved from the mid cap S&P 400 to the S&P 500.Its currently provides a wide range of business, technology and consulting services including business process outsourcing (BPO) and has significant practices in Banking and Financial services, Communications, Consumer Goods, Energy & Utilities, Health care, Information, Media & Entertainment, Insurance, Life Sciences, Manufacturing, Retail, Technology, Transportation & Logistics and Travel and Hospitality are also provide to their customer.