Cognizant Technology Solutions

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 change management.

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 2006.

The company serves a variety of industries, including:

- Banking & Financial Services
 
- Healthcare
 
- Information, Media & Entertainment
 
- Insurance
 
- Life Sciences
 
- Manufacturing & Logistics
 
- Retail & Hospitality
 
- Technology
 
- Telecommunications

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.

Benefits

For U.S. employees:

Medical
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.

Dental
Cognizant provides dental benefits that help our associates and their families to access dental care at lower out-of-pocket costs.

Vision
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.

Life Insurance
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 (AD&D)
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.

401K Plan
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