Key Stats
Cognizant Technology Solutions is an American multinational IT services and consulting company headquartered in Teaneck, New Jersey. The company provides digital transformation, technology consulting, and business process outsourcing services to clients worldwide.
Cognizant operates through four primary business segments: Financial Services, Healthcare, Products and Resources, and Communications, Media and Technology. The company serves clients across banking, insurance, life sciences, manufacturing, retail, and telecommunications industries.
With operations in more than 40 countries, Cognizant delivers services through a global delivery model combining onshore, nearshore, and offshore capabilities. The company ranks among the Fortune 500 and trades on NASDAQ under the ticker symbol CTSH. Ravi Kumar Singisetti serves as CEO since January 2023.
Cognizant Technology Solutions History
Cognizant Technology Solutions Co-founders
Cognizant Technology Solutions Revenue
Cognizant generates revenue through IT services, consulting, and business process outsourcing across multiple industry verticals. Financial Services and Healthcare represent the largest segments, contributing over 60% of total revenue.
The company reported annual revenue of $19.74 billion in 2024, reflecting steady growth from $19.35 billion in 2023. North America accounts for approximately 75% of total revenue, with the remaining coming from Europe and Asia Pacific regions.
Cognizant Technology Solutions Acquisitions
Cognizant has completed over 50 acquisitions since its founding, focusing on IT services, digital transformation, and industry-specific solutions. The company targets firms that enhance its cloud, AI, and platform capabilities across AWS, Microsoft Azure, Salesforce, and ServiceNow ecosystems.
The largest acquisition came in 2014 when Cognizant purchased The TriZetto Group for $2.7 billion. This deal significantly expanded Cognizant’s healthcare IT capabilities and client base. The acquisition brought specialized software solutions for healthcare payers and providers, similar to solutions offered by companies like Cerner in healthcare IT.
In 2024, Cognizant completed its acquisition of Belcan for approximately $1.3 billion. Belcan provides engineering research and development services for aerospace, defense, and industrial markets. This acquisition added over 6,500 engineers and technical consultants to Cognizant’s workforce.
Recent acquisitions have focused on cloud and digital transformation capabilities. The company acquired Thirdera in 2023 to enhance ServiceNow partnerships and 3Cloud in early 2025 to accelerate AI transformation services. Cognizant also purchased Utegration in 2022 to expand SAP capabilities for energy and utilities clients.
Between 2020 and 2021, Cognizant executed multiple acquisitions including Collaborative Solutions, a leading Workday services partner, and Devbridge for product engineering capabilities. The company also acquired 10th Magnitude and Bright Wolf to strengthen Microsoft Azure and IoT expertise.
Cognizant Technology Solutions Marketcap
Cognizant trades on NASDAQ under the ticker symbol CTSH. The company’s market capitalization stands at approximately $40 billion as of early 2025, placing it among the world’s largest IT services firms by market value.
Market cap has fluctuated between $30 billion and $45 billion over the past decade, influenced by broader technology sector trends and company performance. The stock reached peak valuations during 2021 before declining with the wider tech sector.
Cognizant Technology Solutions Competitors
Cognizant competes with global IT services and consulting firms across digital transformation, cloud services, and business process outsourcing. The competitive landscape includes both India-centric vendors and multinational professional services companies like Accenture and IBM.
| Company | Headquarters | Primary Services |
|---|---|---|
| Accenture | Dublin, Ireland | Consulting, Digital, Technology Services |
| Tata Consultancy Services | Mumbai, India | IT Services, Consulting, BPO |
| Infosys | Bangalore, India | Digital Services, Consulting, Outsourcing |
| Wipro | Bangalore, India | IT Services, Cloud, Cybersecurity |
| IBM Consulting | Armonk, USA | Business Consulting, Technology Services |
| Capgemini | Paris, France | Consulting, Technology, Outsourcing |
| HCL Technologies | Noida, India | IT Services, Engineering, Products |
| DXC Technology | Ashburn, USA | IT Infrastructure, Enterprise Services |
| Tech Mahindra | Pune, India | Telecom, Digital Transformation |
| NTT Data | Tokyo, Japan | IT Services, Consulting, Data Centers |
Major technology partners and platform vendors also influence the competitive dynamics. Cognizant maintains strategic alliances with Oracle, Microsoft, SAP, and Salesforce to deliver implementation and managed services. Similar partnerships exist across the industry, with competitors building specialized practices around cloud platforms from VMware and AWS.
FAQs
When was Cognizant Technology Solutions founded?
Cognizant was founded in 1994 in Chennai, India as a joint venture between Dun & Bradstreet and Satyam Computers. The company relocated its headquarters to Teaneck, New Jersey in 1997.
Who is the current CEO of Cognizant?
Ravi Kumar Singisetti serves as CEO since January 2023. He succeeded Brian Humphries and previously held leadership positions at Infosys before joining Cognizant.
What services does Cognizant Technology Solutions provide?
Cognizant provides IT consulting, digital transformation, cloud services, AI solutions, and business process outsourcing. The company serves healthcare, financial services, manufacturing, and technology industries.
How many employees does Cognizant have?
Cognizant employs approximately 347,700 people globally as of 2024. The majority work in India across Chennai, Hyderabad, and Bangalore, with additional operations in over 40 countries.
What is Cognizant’s largest acquisition?
The TriZetto Group acquisition in 2014 for $2.7 billion remains Cognizant’s largest purchase. This deal significantly expanded Cognizant’s healthcare IT services and payer solutions capabilities.