Teaneck, New Jersey, United States
Industry: Information Technology/IT Services
Region: US 🇺🇸
Year Founded: 1994
IPO Date: 06-19-1998
Market Cap: $36.75 billion
Number of Employees: Approx. 289,500
Revenue: $19.42 billion (2022)
Net Income: $2.29 billion (2022)
Cognizant Technology Solutions Corporation
Cognizant, a leading multinational technology company, went public through its initial public offering (IPO) on June 26, 1998.
The IPO was a significant milestone in the company’s history, as it provided the means to raise capital for expansion and growth.
During its IPO, Cognizant offered 6.7 million shares at a price of $16 per share, and the offering was well-received by investors, leading to the company’s successful listing on the NASDAQ under the ticker symbol CTSH.
Since its IPO, Cognizant has experienced remarkable growth and has emerged as a key player in the global technology services industry.
Cognizant IPO Prospectus
A prospectus is a formal document required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. You can find Cognizant’s Prospectus here.
Company Overview & History
Cognizant is a renowned multinational IT services and consulting company with its headquarters located in Teaneck, New Jersey, USA.
The company was founded in 1994 as a technology development and maintenance services division of The Dun & Bradstreet Corporation.
In 1996, it became an independent company and adopted the name Cognizant.
Over the years, Cognizant has transformed into a global leader in digital solutions, technology consulting, and business process outsourcing.
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Cognizant operates under a robust business model that revolves around providing innovative and comprehensive solutions to its diverse clientele.
The company offers a wide range of services, including application development and maintenance, IT infrastructure services, digital transformation, cloud computing solutions, data analytics, and consulting services.
Cognizant caters to various industry verticals, such as banking, healthcare, technology, retail, and manufacturing, among others.
Its business model focuses on building long-term partnerships with clients, understanding their specific needs, and delivering tailored solutions to drive business growth and efficiency.
Market Cap Over the Years
As with any major company, Cognizant faces certain risk factors that could impact its business operations and financial performance.
Some of the key risk factors include intense competition in the IT services industry, both from established players and emerging startups; currency exchange rate fluctuations, which may affect revenue and profitability, especially in global operations; data security and privacy concerns, as a breach could harm the company’s reputation and result in legal liabilities; and dependency on key clients, as a loss of a major client could have a significant impact on revenue.
Cognizant operates in a dynamic and rapidly evolving market, with numerous opportunities for growth and expansion.
The increasing demand for digital transformation, as businesses aim to adapt to technological advancements and changing consumer preferences, presents a significant market opportunity for Cognizant.
Additionally, the growing adoption of cloud computing, the expansion of artificial intelligence and machine learning applications, and the rising need for cybersecurity solutions provide avenues for Cognizant to extend its service offerings and reach new markets.
- Tata Consultancy Services (TCS)
- HCL Technologies
- DXC Technology
Key/Fun Company Facts
- Cognizant has a global workforce of over 300,000 employees, spread across various countries.
- The company has received numerous accolades for its corporate social responsibility initiatives, including environmental sustainability and community development efforts.
- Cognizant’s Innovation Hubs and Design Centers are dedicated spaces where clients can collaborate with experts to foster innovation and develop cutting-edge solutions.
- The company is actively involved in nurturing emerging talent through its university partnerships, hackathons, and innovation challenges.
- Cognizant has been listed in the Fortune 500 ranking multiple times, highlighting its strong financial performance and market position.