E Under The Spotlight: Cognizant Technology Solutions

Cognizant Technology Solutions is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Core competencies include: business, process, operations and technology consulting, application development and systems integration, enterprise information management, application testing, application maintenance, information technology, or IT, infrastructure services and business process services. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses.

INDUSTRY LEADER

Cognizant Technology Solutions (CTSH) began operations in 1994 as an inhouse technology development center for U.S-based Dun & Bradstreet with operations in India. Over its first 25 years, Cognizant has successfully guided its clients around the world as they have moved from the mainframe-era to building end-to-end digital businesses. Sensing and responding to market needs enabled the company to grow from a 200-person information technology firm focused on software development and maintenance in 1994 to a Fortune 200 company and a digital leader employing more than 270,000 worldwide today. 
 
Cognizant has grown to become a leading provider of information technology, consulting and business process outsourcing services dedicated to helping the world's leading companies build stronger businesses. 
 
Cognizant’s expertise lies in technology areas, such as artificial intelligence, augmented reality, automation, autonomous products, cybersecurity, cloud, cognitive computing, IoT, robotics, sensors and instrumentation and virtual reality. Cognizant continues to deepen their expertise in 20 different industries, including banking and financial services, healthcare, manufacturing and retail. 
 
2018 FINANCIAL RESULTS

Cognizant reported fourth quarter revenues increased 7.9% to $4.13 billion with net income of $648 million and EPS of $1.12 compared to a loss of $18 million, or $.03 per share, in the prior year period. The loss included a one-time $617 million expense related to U.S. tax reform. Excluding one-time items such as the impact of tax reform, EPS increased 2% from last year.
 

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