Cognizant Announces Simmi P. Singh, Winner of 2002 Healthcare Industry Leadership Award, to Head Healthcare Practice.

Business Editors/High-Tech Writers

TEANECK, N.J.--(BUSINESS WIRE)--March 5, 2003

Cognizant's 4th Generation Offshore Model Offers Deep Healthcare

Experience and IT Expertise

Cognizant Technology Solutions Corporation (Nasdaq:CTSH), a leading provider of custom software development, integration and application outsourcing services announced today that Simmi P. Singh will lead its healthcare practice.

"Health care companies want an IT services partner with a proven, easy to use onsite/offshore model that works as an extension of their existing business. Cognizant is a very effective partner because we combine extensive technology capabilities with deep healthcare industry expertise," said Simmi Singh, Vice President and Health Industry Practice Leader for Cognizant. "We already have several blue chip healthcare organizations as customers, and the imperative to improve IT systems and cut costs further has never been more resonant in the industry. I am excited to be able to lead Cognizant's healthcare practice as we continue to assert our leadership in the space."

Simmi's outstanding contributions to the health care information technology sector were recently recognized by the Healthcare Information and Management Society (HIMSS). HIMSS is the premier association for the advancement and management of information technology in healthcare. She was named one of the recipients of HIMSS' Leadership Award at the Annual 2003 HIMSS Conference. "HIMSS congratulates our award winners, including Simmi," said Steve Lieber, HIMSS president/CEO. "These members represent the top leaders driving today's important healthcare information and management systems initiatives."

Simmi is an active member of the national health care leadership community, having chaired the Board of Directors of the Center for Healthcare Information Management (CHIM). She is currently a Fellow of HIMSS and a past member of the National HIMSS Board of Directors.

Simmi has over fifteen years of leadership and operational management experience in the health industry and financial services sectors. Simmi was most recently head of global health industry services at SeraNova and has broad expertise in the creation and structuring of successful IT services businesses. Simmi was an officer at CNA Financial Corporation and held leadership and management consulting roles at the global consulting firms of Booz Allen & Hamilton and Ernst & Young, LLP.

"Cognizant continues to recruit the top industry experts in our key verticals with extensive experience in blue chip consulting firms," said Kumar Mahadeva, Chairman and CEO Cognizant. "We have successfully integrated several of these senior executives into the fabric of Cognizant and they are responsible not only for working with CXO's to develop strategy but also for implementation, and for ensuring that the anticipated benefits are achieved. Our investments in the 4th generation model and in key verticals, including healthcare, continue to pay off."

According to Giga Information Group the percentage of healthcare companies using offshore outsourcing nearly doubled from 2001 to 2002.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation (Nasdaq:CTSH) is a leading provider of custom information technology design, development, integration and maintenance services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant provides applications management, development, systems integration and business process outsourcing services through its onsite/offshore outsourcing model.

Cognizant's more than 6,100 employees are committed to partnerships that sustain long-term, proven value for customers by delivering high-quality, cost-effective solutions through its development centers in India and Ireland, and onsite client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor and was recently ranked as the top information technology company in Forbes' 200 Best Small Companies in America and in BusinessWeek's Hot Growth Companies. Further information about Cognizant can be found at http://www.cognizant.com.

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. Although Cognizant believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Potential risks and uncertainties that could cause or contribute to differences include, but are not limited to: (i) the significant fluctuations of Cognizant's quarterly operating results caused by a variety of factors, many of which are not within Cognizant's control, including (a) the number, timing, scope and contractual terms of application design, development and maintenance projects, (b) delays in the performance of projects, (c) the accuracy of estimates of costs, resources and time to complete projects, (d) seasonal patterns of Cognizant's services required by customers, (e) levels of market acceptance for Cognizant's services, (f) potential adverse impacts of new tax legislation, and (g) the hiring of additional staff; (ii) changes in Cognizant's billing and employee utilization rates; (iii) Cognizant's ability to manage its growth effectively, which will require Cognizant (a) to increase the number of its personnel, particularly skilled technical, marketing and management personnel, (b) to find suitable acquisition candidates to support geographic expansion, and (c) to continue to develop and improve its operational, financial, communications and other internal systems, in the United States, India and Europe; (iv) Cognizant's limited operating history with unaffiliated customers; (v) Cognizant's reliance on key customers and large projects; (vi) the highly competitive nature of the markets for Cognizant's services; (vii) Cognizant's ability to successfully address the continuing changes in information technology, evolving industry standards and changing customer objectives and preferences; (viii) Cognizant's reliance on the continued services of its key executive officers and leading technical personnel; (ix) Cognizant's ability to attract and retain a sufficient number of highly skilled employees in the future; (x) Cognizant's ability to protect its intellectual property rights; (xi) the concentration of Cognizant's operations in India and the related geo-political risks of local and cross-border conflicts; (xii) terrorist activity, the threat of terrorist activity, and responses to and results of terrorist activity and threats, including, but not limited to, effects, domestically and/or internationally, on Cognizant, its personnel and facilities, its customers and suppliers, financial markets and general economic conditions; (xiii) the effects, domestically and/or internationally, on Cognizant, its personnel and facilities, its customers and suppliers, financial markets and general economic conditions arising from hostilities involving the United States in Iraq or elsewhere; and (xiv) general economic conditions. Such forward-looking statements include risks and uncertainties; consequently, actual transactions and results may differ materially from those expressed or implied thereby.

Additional information on factors that may affect the business and financial results of the companies can be found in filings of the companies made from time to time with the Securities and Exchange Commission.