Cognizant, also known as Cognizant Technology Solutions Corporation, is a Publicly Owned company headquartered in the US. Founded in 1994, it operates with approximately 351,530 employees and reported $21.1B in revenue as of 2025. The company specializes in IT Services and IT Consulting, offering software engineering services to businesses.
On March 15, 2026, Cognizant, alongside other Indian technology companies, began adjusting workplace operations and food services in India due to intensifying concerns over a nationwide shortage of liquefied petroleum gas (LPG) following escalating tensions in West Asia. The company issued advisories and implemented contingency measures to reduce reliance on office cafeterias that heavily use commercial LPG. Earlier the same day, Cognizant, Cap Gemini, and EPM systems were identified among global IT firms that have increased headcount in India to drive growth and protect margins, a trend observed despite ongoing discussions about AI-related job cuts. Previously, on March 14, 2026, analysts trimmed the price target for Cognizant Technology Solutions by approximately $1, reflecting a modestly higher discount rate and a slightly lower assumed future price-to-earnings ratio, as they balanced potential pressure on traditional services from generative AI with expectations for new AI-driven value pools to scale.
Cognizant's customers primarily consist of insurance, broadcast television and radio and hospitals and Health Care companies. Examples of Cognizant's customers include Fortrea, CNO Financial Group and Bell Media. Cognizant has commercial and technical partners like Amazon Web Services (AWS), Omron Group and Telstra. Examples of Cognizant's suppliers include Nvidia and Google.
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