Cognizant tops Forbes IT small company list
By siliconindia   |   Tuesday, 05 November 2002, 20:30 IST
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TEANECK: Cognizant Technology Solutions Corporation (Nasdaq:CTSH), an application management and e-business solutions provider has been picked as the top technology company in the Forbes 2002 list of best small companies in America. "Cognizant has established itself as a leader in the fast growing offshore outsourcing market in a relatively short time, by building a leading fourth generation offshore services business model," said Kumar Mahadeva, Chairman and CEO of Cognizant. "Cognizant's focus on delivering high value technology solutions to its clients in the U.S. and Europe through its unique onsite/offshore service model has gained widespread acceptance among large blue chip companies. This recognition from Forbes further confirms the value of Cognizant's offshore services model as a core part of our clients' IT strategy." Forbes evaluated companies based on five-year sales and earnings per share (EPS) growth rates. Cognizant's average return on equity of 25%, annualized sales growth of 62%, and annualized EPS growth of 108% placed the Company well ahead of its industry peers on Forbes' list. Cognizant's fourth generation model is focused not just on technology, but also on delivering measurable business results. Cognizant's unique model is also built around establishing a long-term close partnership with clients. Cognizant's senior client partners consult with clients and are empowered to make strategic technology decisions directly with clients to help them meet their business objectives.