Cognizant Technology: The Home Team - ' Reference Checks' (
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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 |
Projects: Processes 
