Cognizant

Cognizant Technology Solutions Corporation stands as one of the world's leading professional services companies, specializing in information technology consulting, digital transformation, and business process outsourcing. Headquartered in Teaneck, New Jersey, the company has evolved from its humble beginnings as an in-house technology unit to become a NASDAQ-100 component and Fortune 500 company serving clients across more than 50 countries. With a global workforce exceeding 336,000 associates as of 2024, Cognizant operates major delivery centers across India, the United States, and numerous international locations.

The company's business model centers on helping organizations modernize technology, reimagine processes, and transform experiences through comprehensive digital services. Cognizant's largest client segments include financial services (banking, capital markets, insurance) and healthcare, which together account for over 60% of revenue. The company has established itself as a leader in emerging technologies, particularly artificial intelligence, with over 1,200 AI engagements reported by the end of 2024—a fivefold increase demonstrating rapid market adoption. In 2024, Cognizant became the first global IT services company to receive ISO/IEC 42001:2023 certification for its AI management system, validating its commitment to safe, trustworthy, and ethical AI deployment.

Cognizant's growth strategy combines organic innovation with strategic acquisitions to expand capabilities and market reach. The company launched the Cognizant AI Research Lab in 2024 and introduced advanced platforms like Flowsource for modern engineering and the Neuro® AI platform for enterprise generative AI solutions. Recent acquisitions include Belcan ($1.3 billion in 2024) for engineering and cloud capabilities, Thirdera ($430 million in 2023) for ServiceNow expertise, and the pending acquisition of 3Cloud (announced November 2025) to strengthen Microsoft Azure services. These investments position Cognizant as a comprehensive digital transformation partner capable of addressing complex enterprise needs across industries.

Financially, Cognizant achieved record performance in 2024 with annual revenue of $19.736 billion, representing 2% year-over-year growth, and net income of $2.24 billion. The company reported an adjusted operating margin of 15.3% and generated significant free cash flow while maintaining a strong book-to-bill ratio of approximately 1.4x. Under the leadership of CEO Ravi Kumar S, who joined in January 2023, Cognizant has accelerated its focus on AI-led transformation, strategic partnerships with technology leaders like Microsoft, Salesforce, NVIDIA, and Anthropic, and continuous innovation to meet the evolving needs of enterprise clients in an increasingly digital world. The company's commitment to excellence, innovation, collaboration, integrity, and accountability continues to drive its position as a trusted advisor for digital transformation initiatives worldwide.