Cognizant Scores Top 5 Spot in SmartPartner 100; Success is Due to Unique and Highly Competitive Business Model.Business Editors TEANECK, N.J.--(BUSINESS WIRE)--May 30, 2001 Cognizant Technology Solutions Cognizant redirects here. For a definition of the word see the entry for at Wiktionary Cognizant Technology Solutions (NASDAQ: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. Corp. (Nasdaq: CTSH), a leading provider of custom software development, integration and maintenance services, announced today that it has been selected by SmartPartner, a leading magazine for the IT services industry, as #5 in its new list of "Smart 100" companies. The top 10 companies in order are IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. , Qwest Communications
adj. Fully informed; conscious. See Synonyms at aware. [From cognizance.] Adj. 1. , EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , DiamondCluster, Proxicom, Sapient sa·pi·ent adj. Having great wisdom and discernment. [Middle English, from Old French, from Latin sapi and Accenture. "The top companies in our ranking have solid business models and strategies, and have been able to execute them effectively," said Laton McCartney, Editor of Special Projects for SmartPartner. "Almost all of the top companies have restructured themselves in the past few years and added new capabilities that have allowed them to navigate effectively through massive technology and business changes. As a result they continue to do well in a tough environment." "The SmartPartner ranking is a validation of our unique and highly competitive business model," said Kumar Mahadeva, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cognizant. "We have developed an on-site/offshore project delivery model that is unique in the industry for its quality and speed, and its ability to deliver high value services at moderate cost. We have some of the most enduring client relationships in the industry because we work closely with our clients to anticipate and respond to massive changes in business and technology. Our R&D capabilities, the Cognizant Academy (our in-house university), and our extraordinarily talented people have helped us manage effectively through these changes." "Our pipeline for new revenues is strong and continues to grow," said Gordon Coburn, CFO See Chief Financial Officer. for Cognizant. "Clients recognize the power of our business model and regard us as a valuable partner." About Cognizant Technology Solutions Cognizant Technology Solutions (Nasdaq: CTSH) is a leading provider of custom software development, integration and maintenance services that links e-business with core information systems for companies worldwide. Cognizant operates under a high quality, high value onsite/offshore model that enables better, faster and more cost effective development and deployment of large-scale systems across a wide range of transaction intensive business needs. Its 3,200 employees are committed to partnerships that sustain long-term, proven value in order win in today's global marketplace. Cognizant was listed as one of the "Best Small Companies in America," by Forbes and as the top solutions provider and one of the top 200 Hot Companies by Business Week. Cognizant has been assessed at SEI/CMM Level 5, the highest possible rating. For complete text of the Smart 100 article or more information on Cognizant Technology Solutions, go to www.cognizant.com. Certain statements contained herein, including statements regarding the development of the Company's services, markets and future demand for the Company's services, projections on future growth potential, and other statements regarding matters that are not historical facts, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to, variability of quarterly operating results, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, ability to manage growth effectively, risks associated with rapid technological advances, risks associated with possible acquisitions, risks associated with the Company's strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and other risk factors listed from time to time in the Company's filings and reports with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion