Cognizant Survey Reveals Rapid Growth in Size of Data Warehouses Driven by Compliance Reporting and Consolidation of Stand-Alone Systems.

TEANECK, N.J. -- Cognizant Launches Global Report Shop and Corporate Performance Management Services to Help Customers Keep Pace

Cognizant Technology Solutions (Nasdaq: CTSH), a leading provider of IT services, today announced the results of a new study that shows that from 2002 to 2004 the size of its customers' data warehouses grew by a 400% annual rate, as measured by the average number of reports produced per data warehouse. Activity was driven by an increase in demand for business intelligence (BI) and data warehouse solutions that enable Sarbanes-Oxley compliance and provide competitive intelligence.

In addition, the number of data warehouses of more than one terabyte grew by 150%, and the number of data warehouses with more than three subject areas grew by 140%. The number of users relying on business intelligence grew by 25% annually over the two-year period.

"As our analysis demonstrated, Cognizant has seen a 40% compound annual growth rate in the number of companies making investments in compliance reporting and a 50% annual increase in companies consolidating stand-alone data marts and business intelligence systems," said Lakshmi Narayanan, President and CEO of Cognizant.

"The growth in our Data Warehousing and Business Intelligence Practice is driven by Cognizant's ability to provide business-aligned IT solutions that help our customers' IT investments pay off," said Veera Narayanaswamy, Head of Cognizant's Data Warehousing and Business Intelligence Practice.

New Cognizant offerings to help meet customers' needs include Global Reporting Shop, which instead of delivering just technology, provides Reporting-On-Demand. The Global Reporting Shop is an integrated service center that offers systems integration and customized on-demand report generation and delivery services. Cognizant can deliver customized end-user reports wherever and whenever the business users need them. In addition, Cognizant introduced recently the Four Aces framework, a Corporate Performance Management (CPM) Strategy Service.

Cognizant has also recently completed a strategic global alliance with Microstrategy Inc., a leading business intelligence product vendor. As part of the alliance, Cognizant has built a Microstrategy Center of Excellence which offers sophisticated analytical solutions for customers.

Cognizant also recently sponsored a survey with the Economist Intelligence Unit that concluded that companies clearly recognize the importance of efficient business intelligence and that 65% of companies see a need to improve the quality and speed of decision making. The survey reveals that 80% of companies want better information to be made available to managers, and that data needs to be more consistent. The Economist Intelligence Unit survey found that the findings are backed up by companies' investment plans.

Both surveys are available at cognizant.com.

About Cognizant Technology Solutions

Cognizant (NASDAQ: CTSH) is a leading provider of IT services. Focused on delivering strategic information technology solutions that address the complex business needs of its clients, Cognizant provides applications management, development, integration, and re-engineering, infrastructure management, business process outsourcing, and a number of related services such as enterprise consulting, technology architecture, program management, and change management through its onsite/offshore outsourcing model.

Cognizant's more than 18,000 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 onsite client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named Forbes' Best Small Company in America for the second consecutive year, and ranked among the top information technology companies 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, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.