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Cognizant

IT services and consulting company based in Teaneck, New Jersey

Overview

Cognizant is a Nasdaq-listed IT services company whose results releases are issued from Teaneck, New Jersey. It reported full-year 2025 revenue of US$21.1bn, up 7.0%, and a total headcount of 351,600 at 31 December 2025.[5] Trailing-twelve-month bookings were US$28.4bn, and the acquisition of the engineering services firm Belcan contributed about 2.6 percentage points of growth in 2025.[5] Cognizant is strongest in financial services, healthcare and life sciences, where it provides application development and maintenance, platform implementation, digital engineering and business-process services. Its delivery model relies heavily on offshore centres, which keeps rates below those of the Western consulting firms but places more of the work away from the client’s site.

Cognizant strengths and limitations

Strengths

  • Deep healthcare and financial-services specialisation
  • US-based management with large Indian delivery base
  • Combines AI implementation with governance and monitoring services
  • Offers to build and operate client capability centres
  • Deep concentration in health sciences and financial services
  • U.S. listing and SEC reporting give detailed disclosure

Limitations

  • Part of recent growth came from acquisitions
  • Smaller presence in continental Europe than European rivals
  • Annual report itself flags disruption risk from AI-native competitors
  • Large-account focus
  • Workforce heavily concentrated in India, relevant for data-residency requirements
  • Managed services not disclosed as a separate line

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