Cognizant is Top U.S. Outsourcing Firm on Business 2.0 Magazine's Annual 'B2 100' Ranking of The Fastest-Growing Technology Companies; Listing Ranks Companies According to Cash Flow Growth, Other Key Metrics.

TEANECK, NJ -- Cognizant Technology Solutions (NASDAQ:CTSH), a leading provider of IT services, today announced that Business 2.0 magazine has ranked it among the top 100 fastest-growing technology companies. The complete list is featured in the June 2005 issue of the magazine, on newsstands and its website (www.business2.com) on May 30.

The magazine states: "As more companies outsource their business processes to India, Cognizant just keeps booming. CRM, ERP, and supply chain management are its mainstays, but the real growth is coming from testing software code, a time-consuming chore that US businesses are increasingly happy to send offshore."

Francisco D'Souza, COO of Cognizant stated, "It is a great honor for Cognizant to be singled out by a magazine so much at the cutting edge of technology and free-enterprise. Business 2.0 is the voice of innovative companies especially in software and electronics, and it is gratifying to find our firm, though specializing in services rather than products, being singled out for its performance."

Business 2.0 Editor Josh Quittner stated, "The average B2 100 company has seen earnings grow 80 percent a year and revenue climb 26 percent. In the four years we've done the list, the numbers have never been higher. That says things are good for the economy now, and bodes well for the future."

Cognizant ranks ninth on the list, which the editors have based on "a series of demanding financial hurdles." The list was winnowed from an initial group of 2,000 publicly traded tech companies. Criteria for selection were: 3 or more years of trading on a major U.S. stock exchange, $50 million or more in annual revenue and positive cash flow over the last 12 months. Business 2.0 editors then ranked the companies with the help of Zacks Investment Research of Chicago, weighing four financial criteria: growth in revenue, profit, and operating cash flow over the past three years, and 12-month stock return. Cash flow growth comprised 40 percent of the weighting, while the other criteria each counted as 20 percent.

About Business 2.0

Business 2.0 explores the new ways smart companies - and the people who lead them - are using strategy, technology, and innovation to succeed. The magazine is published by the FORTUNE Group at Time Inc., a Time Warner company.

About Cognizant

Cognizant Technology Solutions (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.