Cognizant Joins the Ranks of the Fortune 500
TEANECK, N.J., May 5, 2011 /PRNewswire/ -- Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced it has joined the Fortune 500, Fortune Magazine's ranking of America's largest companies. Cognizant is ranked at number 484, with $4.59 billion in annual revenue for 2010.
"Since our inception just 17 years ago, we have built a new business model for consulting, IT and business process outsourcing services—combining our high-touch approach to client engagement and a depth of industry expertise with high-quality solutions and global footprint—to deliver a distinctly superior experience to our clients," said Francisco D'Souza, President and CEO, Cognizant. "With major structural forces impacting every industry we service, we believe our robust business model will continue to help us provide innovative, next-generation solutions and services to our clients—many of whom are among the Fortune 500 as well—and help them achieve new levels of business performance, more collaborative and virtual ways of working, and deeper connections with their customers."
As of March 31, 2011, Cognizant employed approximately 111,000 people worldwide serving over 700 clients. Cognizant was named to Fortune's "100 Supercharged Performers" list in September 2010—the 8th year in a row—and, as a result, placed first in Fortune's "All-Star List" of the consistently fast-growing companies that make the list year after year. Cognizant also ranked among Fortune's "World's Most Admired Companies" in March 2011, the 3rd year in a row.
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 50 delivery centers worldwide and approximately 111,000 employees as of March 31, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top-performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.