Reference Checks
By Joshua Weinberger
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Before establishing the software-development division in 1994, he was chairman of Dun & Bradstreet India and China.
Ace Hardware
Jay Heubner
Dir., I.T. Application Development
(630) 990-8688
Project: Cognizant was the retail co-op's test case for the whole offshore business model, relying on the firm in 2000 to handle the software expansion of the bar-code system across hundreds of applications.
Philadelphia Stock Exchange
Melva Demmer
VP, Business Systems Devel.
(215) 496-5627
Project: Trading house first relied on Cognizant for converting systems to decimal-based pricing in 1999.
Royal & SunAlliance USA
Betty Higby
Business Services Executive, Personal Lines Division
(815) 599-3068
Project: After starting a Y2K project with another Indian firm, RSA turned to Cognizant when a new acquisition had to be made compliant in a hurry.
Schwan food company
Dave Deines Systems Devel. Manager
(507) 537-8452
Project: At the end of 1998, the frozen-food company chose Cognizant to handle its mainframe work for a Y2K upgrade.
United States Cold Storage
Timothy Brennan
Director, I.T.
(856) 354-8193
Project: In 1999, the refrigerated-warehousing and logistics company signed Cognizant to develop its wireless-network application and its Web site.
Farmers Insurance Group
James Fridenberg
VP, Policy Management Applications
(323) 930-6385
Project: Since 2002, the insurance giant has been using Cognizant to supplement its Wipro resources in application maintenance and testing, and sends much of its R&D projects there, as well.
Executives listed here are all customers of Cognizant Technology Solutions. Their willingness to talk has been confirmed by Baseline.
| COGNIZANT OPERATING RESULTS* | |||
| 2003FY | 2002FY | 2001FY | |
| Revenue | $74.5M | $229M | $178M |
| Gross margin | 45.0% | 46.4% | 48.9% |
| Operating income | $14.5M | $45.2M | $35.6M |
| Net income | $10.2M | $34.6M | $22.2M |
| Net margin | 13.6% | 15.1% | 12.5% |
| Earnings per share | $0.15‡ | $0.54 | $0.36 |
| R&D expenditure | N/A | N/A | N/A |
| *Fiscal year enDS Dec. 31; YTD results reflects first three months ‡reflects 3-for-1 stock split distributed on april 1, 2003 |
|||
| Other Financials** | |||
| Total assets | $242M | ||
| Stockholders' equity | $180M | ||
| Cash & equivalents | $127M | ||
| Long-term debt | None | ||
| Shares outstanding | 66M | ||
| Market value at 5/29 | $1.3B | ||
| **As of March 31, except where noted | |||
| source: Company Reports | |||
