Cognizant

Company Overview

Cognizant was founded in 1994 and is headquartered in New Jersey (U.S.). The company provides information technology, consulting and business process outsourcing services. Its core competencies include complex systems development and integration, technology consulting, data warehousing, enterprise software package implementation and maintenance, application maintenance, business intelligence and analytics, application testing, infrastructure management and business and knowledge process outsourcing. Cognizant delivers its product offerings through four business segments, namely, financial service; health science; communications, media and technology; and products & resources. The financial services segment includes banking and insurance. The health science segment includes healthcare providers, payers and life sciences customers and companies, including pharmaceutical, biotech and medical device companies. The communications, media and technology segment include creating personalized user experiences, accelerating digital engineering and access to new revenue streams to drive growth. The products & resources segment includes retail and consumer goods, manufacturing, logistics, energy and utilities, travel and hospitality.

In today’s fast-changing technology landscape, the company works with clients to advance every aspect to serve customers by digitizing their products, services and customer experiences, automating their business processes and modernizing the technology infrastructures. The company has a strong foothold in the competitive market due to the strategic partnership approach. It has established strong partnerships with Adobe, Cisco, AWS (Amazon Web Services), Dell Technologies/VMWare, IBM, Microsoft, Google Cloud, Oracle, Salesforce, SAP, ServiceNow and Workday. The company provides its products and services to a wide range of end-use industries such as automotive, capital markets, communications, media and technology, consumer goods, education, healthcare, information services, insurance, life sciences, manufacturing and utilities.

Cognizant has a strong presence across the globe, in America, Europe, the Middle East and Asia-Pacific. It has a global employee strength of 355,300 employees as of December 2022. The company has a large number of subsidiaries operating worldwide, including Cognizant Technology Solutions U.S. Corporation (The U.S.), Cognizant Technology Solutions Asia-Pacific Pte Ltd. (Singapore), Cognizant Technology Solutions India Pvt. Ltd. (India), Cognizant Technology Solutions (Shanghai) Co. Ltd. (China), Cognizant Serviços de Tecnologia e Software do Brasil S/A. (Brazil), Cognizant Technology Solutions South Africa (Pty) Ltd. (South Africa) and among other subsidiaries. The company competes with ABB Ltd., Siemens AG, Infosys, Wipro, Accenture, Capgemini, SAP SE, IBM Corp., TCS and other players.

Financial Highlights (FY 2023)

Company's Business Segments

• Financial Services : Banking, Insurance
• Health Sciences : This reportable business segment is comprised of a single operating segment of the same name.
• Products and Resources : Retail and Consumer Goods, Manufacturing, Logistics, Energy and Utilities, Travel and Hospitality
• CMT : This reportable business segment is comprised of a single operating segment of the same name.