Cognizant Technology Solutions Corporation, headquartered in Teaneck, New Jersey, is a multinational company that provides information technology services and consulting. Based in the United States, it is part of the NASDAQ-100 and trades under the ticker symbol CTSH.
1- Where is Cognizant based
Cognizant Technology Solutions has offices located in Chicago, Atlanta, Boston, Los Angeles, and Phoenix, along with international locations in Hong Kong, Tokyo, and Paris.
2- When was Cognizant founded
Cognizant Technology Solutions, founded on January 26, 1994, by Kumar Mahadeva and Francisco D'Souza, is an American multinational provider of IT services. Furthermore, the company provides consulting and business process outsourcing (BPO) services.
3- What kind of Cognizant company
Cognizant Technology Solutions Corporation is a multinational company that specializes in information technology services and consulting, with its base in the United States.
4- Who owns Cognizant
The ownership structure of Cognizant (CTSH) stock comprises a blend of institutional, retail, and individual investors. Institutional Investors hold approximately 58.55% of the company's stock, while Insiders own 0.10%, and Public Companies along with Individual Investors account for 41.34%.
5- What is the main purpose of Cognizant
Cognizant engineers modern businesses and, as one of the largest global professional services companies, assists clients in modernizing technology, reimagining processes, and transforming experiences. This enables them to stay ahead in our rapidly changing world. Together, we are enhancing everyday life.
6- How many people work for Cognizant
In 2022, Cognizant's workforce peaked at 355,300 employees worldwide, following a steady increase over the past decade. However, this number saw a slight decrease in 2023, falling to 347,700 employees. The majority of Cognizant's workforce is based in India, followed by North America, which employs 40,500 individuals.
7- How much does Cognizant pay
At Cognizant Technology Solutions, the average salary is around $34,000 per year for an Operations Administrator, increasing to $146,973 per year for a Quality Analyst. Furthermore, the average hourly pay varies from approximately $14.42 per hour for a Processor to $77.38 per hour for a Software Architect.
8- Why is Cognizant so successful
Cognizant stands out for several reasons, including its global reputation, diverse workforce, career mobility, fast-growth opportunities, and competitive salaries.
9- The Future of Cognizant
In planning for the next phase of Cognizant's growth, we are concentrating on creating the scale necessary to meet the needs of our businesses globally. A key aspect of our strategy involves constructing larger Cognizant-owned facilities in India.
10- What are some key challenges facing Cognizant
In the past few years, under Brian Humphries' leadership since April 2019, we have observed several troubling trends. These include the loss of key senior personnel, difficulty in recruiting senior staff from technology and growth companies, a decision to avoid large deals and transactions, and an inability to adequately staff our bench, which has hindered revenue growth and likely led to competitive losses. Additionally, there has been significant relative underperformance in growth rates compared to tier-I offshore and global peers such as Infosys, TCS, and Accenture.