of technology services.
500 Frank W. Burr Boulevard
Teaneck, NJ 07666
CEO: Francisco D'Souza
Stock Symbol: CTSH
Cognizant is a leading provider of global
IT and business process outsourcing services. Focused on delivering
strategic information technology solutions that address the complex
business needs of its clients, Cognizant uses its own on-site/offshore
outsourcing model to provide applications management, development,
integration, and reengineering; infrastructure management; business
process outsourcing; and numerous related services, such as enterprise
consulting, technology architecture, program management, and
Cognizant has a significant presence in
India in eight cities. The company plans to increase its workforce
to 55,000 by the end of the year. It added 14,500 employees in
The company serves a variety of industries,
- Banking & Financial Services
- Information, Media & Entertainment
- Life Sciences
- Manufacturing & Logistics
- Retail & Hospitality
The company reported record revenues of
$1.42 billion in 2006, up 61% from the previous year. Net income
for the year was $232.7 million.
For U.S. employees:
Cognizant provides a wide range of medical benefits. Our medical
plan allows you the freedom to use a network provider or to choose
a non-network provider. Our plan also allows our associates to
see a specialist in all fields of medicine without first getting
permission from a primary care physician. Highlights of the plan
include: 100% coverage for "in-network hospitalization,"
routine physical exams in the out of network program; and an
unlimited major medical maximum.
Cognizant provides dental benefits that help our associates and
their families to access dental care at lower out-of-pocket costs.
Cognizant provides a comprehensive vision plan which includes
coverage of eye exams, eye glasses and contact lenses; the cost
of this plan is paid entirely by the company.
Cognizant provides life insurance coverage for our associates,
their spouse and children; the cost of this insurance is paid
entirely by the company.
Accidental Death/Disability Insurance
Cognizant provides Accidental death/disability insurance coverage;
the cost of this insurance is paid entirely by the company.
Short-term Disability Insurance
Cognizant provides short-term disability insurance; the cost
of this insurance is paid entirely by the company.
Long-term Disability Insurance
Cognizant provides long-term disability insurance; the cost of
this insurance is paid entirely by the company.
Cognizant provides this plan for eligible associates with a company
matching contribution. Cognizant matching funds are immediately
vested in the plan.
Stock Purchase Plan
This program allows our associates to make regular payroll deductions
to purchase Cognizant stock at a 10% discount.
Employee Stock Option Plan
Cognizant provides this plan for eligible associates who have
contributed to the success of Cognizant.
We also offer additional benefits such
as a corporate card, discount car rentals, no interest loans
for specific purposes, permanent residency program and our new
Internet-based learning environment that provides our associates
with a fundamentally faster and better way to learn the career
skills needed to succeed in today's rapidly changing workplace.
Updated August 13, 2007