Cognizant leaps in rankings of Businessweek’s Infotech 100

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Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of global IT and business process outsourcing services, today announced that it has been named to the 2007 InfoTech 100 , BusinessWeek's annual ranking of the top technology performers.  Of significant importance were two major performance measures where Cognizant outpaced all of its technology outsourcing industry competitors in this year's rankings: 1) jumped up 14 places in overall rankings, which is the highest leap among all technology outsourcing firms, 2) placed as the fastest growing company among all technology outsourcing firms and 9^th overall on the "Fastest Growing" sub-list, with a 62% year-over-year revenue growth rate.

 

The report appears in BusinessWeek's July 2, 2007 issue, with an expanded look on BusinessWeek.com at www.businessweek.com/it100/ . BusinessWeek notes that all of the companies in this year's rankings distinguish themselves by their ability to successfully take advantage of growth opportunities in emerging markets and an ability to diversify into new and existing markets. 

 

"We are honored to be ranked among the best known technology companies in the world industry," said Francisco D'Souza, president and CEO, Cognizant. "We have experienced strong growth and ongoing business success in global IT services and share a passion for innovation among the companies that BusinessWeek designates as this year's Info Tech 100. Our passion for making our customers' businesses stronger is evident in the commitment of Cognizant's talented associates around the world and our ability to deliver consistently strong financial performance and value for our shareholders."

 

BusinessWeek's Info Tech 100 list is based initially on financial data provided by Standard & Poor's Compustat, which maintains financial and operating data on more than 28,000 publicly traded corporations, and narrowed down by industry sector, revenue, sales and performance. 

 

Sourced From: Cognizant Technology Solutions Corporation