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Cognizant
Cognizant

-14.06%

IT / IT services, consulting, digital transformation

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Overview
Cognizant is an American multinational corporation that provides digital, technology, consulting, and operations services. It was founded in 1994 and is headquartered in Teaneck, New Jersey. Cognizant has a global presence with offices in over 40 countries and employs over 300,000 people worldwide.
The company offers a wide range of services to clients in various industries, including banking and financial services, healthcare, retail, manufacturing, and technology. Its services include digital strategy, IT modernization, software development, cloud computing, data analytics, and cybersecurity.
Cognizant is known for its innovative solutions and its ability to help organizations navigate the digital landscape. It has been consistently ranked as one of the top companies in the IT services industry and has received numerous awards and recognition for its work.
In addition to its business operations, Cognizant also has a strong commitment to corporate social responsibility. The company has various initiatives and programs that focus on diversity and inclusion, environmental sustainability, and community engagement.
Overall, Cognizant is a reputable and well-established company that continues to drive innovation and provide valuable services to its clients around the world.
What is special about the company?
1. Global Presence: Cognizant is a leading multinational technology consulting and services company with a strong global presence. It operates in over 40 countries and has delivery centers in multiple locations across the globe.
2. Diversified Portfolio: The company offers a wide range of services including digital, technology, consulting, and operations services to various industries such as healthcare, banking, finance, retail, and manufacturing among others. This diversified portfolio helps the company to withstand market fluctuations and remain competitive.
3. Strong Partnerships: Cognizant has strategic partnerships with leading technology companies such as Microsoft, IBM, and SAP, among others. These partnerships enable the company to deliver cutting-edge solutions and stay ahead in the market.
4. Innovative Culture: Cognizant has a strong focus on innovation and encourages its employees to think out of the box and come up with creative solutions. The company also invests in research and development to stay updated with the latest technology trends.
5. Customer-Centric Approach: The company has a customer-centric approach and focuses on building long-term relationships with its clients. It has a proven track record of delivering high-quality services and solutions that meet the evolving needs of its customers.
6. Inclusive Workplace: Cognizant has a diverse and inclusive work culture where employees from different backgrounds, cultures, and nationalities work together. It promotes a work environment that values diversity and supports equal opportunities for all.
7. Sustainability Efforts: Cognizant has a strong commitment to social and environmental responsibility and has implemented various initiatives to reduce its carbon footprint and promote sustainable practices. The company has been recognized for its efforts in sustainability and CSR activities.
8. High Employee Satisfaction: Cognizant has been consistently ranked as one of the best places to work by various surveys and publications. The company values its employees and provides a conducive work environment, growth opportunities, and attractive benefits, resulting in high employee satisfaction.
9. Adaptable and Agile: Cognizant has a flexible and agile approach to business, which allows it to adapt quickly to changing market conditions and client needs. This enables the company to provide customized solutions and stay ahead of the competition.
10. Strong Financial Performance: Despite the challenges in the global economy, Cognizant has maintained a strong financial performance with steady revenue growth and profitability. This stability and financial strength give confidence to its clients and investors.
What the company's business model?
The Cognizant company's business model is centered on providing IT consulting and outsourcing services to clients worldwide. The company offers a range of services including digital transformation, technology consulting, enterprise application services, and infrastructure management. Cognizant leverages its global delivery network and centers of excellence to help clients achieve operational efficiency and business growth. Their business model also includes a focus on innovation and investing in emerging technologies to stay ahead in the competitive market. Cognizant follows a client-centric approach, working closely with clients to understand their unique business needs and providing customized solutions to help them meet their goals. The company also places a strong emphasis on corporate responsibility and ethical practices in all aspects of its business operations.
Interesting facts about the company
1. Cognizant was founded in 1994 as a software development company based in Chennai, India.
2. The company was initially called Dun & Bradstreet Satyam Software before changing its name to Satyam-CSC. In 1996, it became Cognizant Technology Solutions after a merger with the North American arm of the consulting and technology services company, Dun & Bradstreet.
3. The company’s headquarters are located in Teaneck, New Jersey, USA. However, the majority of its employees are based in India.
4. Cognizant is one of the largest IT services companies in the world, with a presence in over 45 countries.
5. The company’s main services include IT consulting, outsourcing, and business process management.
6. Cognizant has been ranked as one of the top companies in the world for diversity and inclusivity, receiving numerous awards and recognition for its efforts.
7. In 2015, Cognizant became the first Indian firm to be listed on the NASDAQ 100 index.
8. The company’s revenue has been steadily increasing since its establishment, with a reported revenue of over $16 billion in 2020.
9. Cognizant has a strong focus on corporate social responsibility and has implemented various initiatives such as the Cognizant Foundation, which provides education, healthcare, and environmental initiatives in underprivileged communities.
10. The company is involved in a variety of industries, including banking and financial services, healthcare, manufacturing, retail, and communication and media. Some of its major clients include American Express, Coca-Cola, Microsoft, and Sony.
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