The Fortune Magazine's ranking of America's largest companies, lists Cognizant at number 484, with $4.59 billion in annual revenue for 2010.
Cognizant has managed to enter the list in just three years after it made it to the Fortune 1000 list. The NASDAQ listed company has over 80 per cent of its operations and over 90 per cent of its workforce out of India.
Cognizant has continuously managed to deliver double digit sales and revenue figure for nine straight quarters. The company has also guided to go beyond revenues of Wipro in the next quarter to become the third largest IT exporter out of India. As of March 31, 2011, Cognizant employed approximately 111,000 people worldwide serving over 700 clients.
Cognizant is set to overtake Wipro as the third largest Indian IT exporter in June.
"Since our inception just 17 years ago, we have built a new business model for consulting, IT and business process outsourcing services—combining our high-touch approach to client engagement and a depth of industry expertise with high-quality solutions and global footprint—to deliver a distinctly superior experience to our clients," said Francisco D'Souza, president and CEO of Cognizant.
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