Profile: Cognizant Technology Solutions Corp (CTSH.O)
18 Jun 2019
Cognizant Technology Solutions Corporation, incorporated on April 6, 1988, is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Company's services include consulting and technology services and outsourcing services. Its consulting and technology services include business, process, operations and technology consulting, application development and systems integrations, application testing, enterprise information management and software solutions and related services. Its outsourcing services include application maintenance, IT infrastructure services and business process services. The Company deploys a range of commercial and delivery models, including managed services, fixed bid, output and outcome based pricing and platforms to address the various needs of its customers.
The Company provides assistance with strategy consulting, business and operations consulting, technology strategy and change management, and program management consulting. The Company offers a range of application design, application development and systems integration services. Its application testing practice offers a suite of services in testing, consulting and engineering. Its business-aligned services in the areas of system and integration testing, package testing, user acceptance, automation, performance testing and test data management address its customers' quality needs.
The Company develops, licenses, implements and supports third-party software products for the healthcare industry, including solutions for health insurance plans, third party benefit administrators (TPAs), and healthcare providers. It provides IT Infrastructure management outsourcing services. Its IT Infrastructure services include data center, infrastructure security, network and convergence, end user computing services and mobility. Its industry-specific solutions include clinical data management, pharmacovigilance, equity research support, commercial operations and order management.
The Financial Services segment includes customers providing banking/transaction processing, capital markets and insurance services. The Company serves traditional retail and commercial banks, diversified financial enterprises, broker-dealers, asset management firms, depositories, clearing organizations and exchanges. The Company assists its customers in such areas as retail banking, wholesale banking, consumer lending, cards and payments, risk management, investment banking and brokerage, asset and wealth management, and securities services.
The Company serves global property and casualty insurers, life insurers, reinsurance firms and insurance brokers. The Company focuses on such aspects of its customers' operations as business acquisition, policy administration, claims processing, management reporting, regulatory compliance and reinsurance.
The Healthcare segment includes healthcare providers and payers, as well as life sciences customers, including pharmaceutical, biotech and medical device companies. The Company serves global healthcare organizations, including healthcare payers, providers and pharmacy benefit managers. Its Healthcare business focuses on providing a range of services and solutions that address regulatory requirements and industry trends, such as regulatory compliance, integrated health management, enterprise information management, claims investigative services and operational improvement in areas, such as claims processing, enrollment, membership and billing. The Company serves pharmaceutical, biotech, and medical device companies, as well as providers of generic, animal health and consumer health products.
The Manufacturing/Retail/Logistics segment includes manufacturers, retailers, travel and other hospitality customers, as well as customers providing logistics services. The Company's customers in this sector include manufacturers of automotive and industrial products as well as processors of natural resources, chemicals and raw materials. In logistics, its customers include rail, truck, marine and other transportation and distribution companies. It also serves energy utilities, as well as oil and gas producers. Some of its manufacturing and logistics solutions for automotive and industrial customers include warranty management, dealer systems integration, supply chain management, sales and operations planning, and mobility. For transportation and distribution customers, its service areas include warehouse and yard management, transportation asset management, transportation network design, global trade management and analytics.
The Company serves a range of retailers and distributors, including supermarkets, specialty premium retailers, department stores and large mass-merchandise discounters. It also serves the travel and hospitality industry, including airlines, hotels, restaurants, online and retail travel, rental car companies, global distribution systems and intermediaries and real estate companies. It also serves consumer goods manufacturers. Its principal segments include consumer durables, food and beverage, footwear and apparel, and home and personal care products.
The Other segment includes its information, media and entertainment services, communications and high technology operating segments. The Company serves communications (cable, wireless and wireline) service providers, equipment vendors, and software vendors. It serves media and entertainment companies, including information service providers, publishers, broadcasters, and movie, music and video game companies. The Company provides solutions in areas, such as the digital content supply chain and media asset management. Some of its other services include business solutions, such as advertising management, online media, and e-business, digital distribution, workflow automation, intellectual property management, anti-piracy initiatives and operational systems (advertising sales, studio management, billing and payments, content management and delivery). It serves independent software vendors, technology equipment manufacturers, social network companies and online service providers.
The Company competes with Accenture, Atos Origin, Capgemini, Computer Sciences Corporation, Deloitte Digital, Genpact, HCL Technologies, HP Enterprise, IBM Global Services, Infosys Technologies, Tata Consultancy Services and Wipro.
Cognizant Technology Solutions Corp
500 Frank W Burr Blvd
TEANECK NJ 07666-6804
Company Web Links
- Cognizant cuts 2019 forecasts on lower financial, healthcare demand
- UPDATE 3-Cognizant cuts 2019 forecasts on lower financial, healthcare demand
- IT services firm Cognizant's revenue misses
- U.S. fines Cognizant, charges 2 former top execs in India bribery case
- U.S. fines Cognizant, charges two ex-officials in India bribery case