Business

Being ‘Cognizant’ of change

With a strong history of acquisitions, Cognizant has been growing rapidly.

06 October 2020

Cognizant Technology Solutions is one of the largest IT service companies around, with annual revenues approaching $17 billion, income of about 10%, which is a good ratio, and a market cap of $37 billion. It has a staff complement something close to 280 000, with the majority of that workforce based in India, despite the company being listed on the US-based Nasdaq.

The company started life as Dun & Bradstreet Satyam Software, the Indian operation of Dun & Bradstreet, a company that has been around for nearly 180 years. In 1996, Dun & Bradstreet spun off several of its subsidiaries to form a company that was eventually called Cognizant Corporation, which was headquartered in Chennai, India. Just two years later, it was listed on Nasdaq and was the first offshore IT consulting company to join the exchange. It was added to the Nasdaq 100 Index in 2004.

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