Cognizant Cited as a Leader by Independent Research Firm in North American Applications Outsourcing Report, Q1 2007

Cognizant Cited as a Leader by Independent Research Firm in North American Applications Outsourcing Report, Q1 2007

March 27, 2007

Recognized as Top Offshore Provider for North American
Applications Outsourcing


    TEANECK, N.J., March 27 /Xinhua-PRNewswire/ --
Cognizant 
(Nasdaq: CTSH), a leading provider of IT and business
process outsourcing services, today announced that it was
among the select companies that Forrester invited to
participate in The Forrester Wave: North American
Applications Outsourcing Q1 2007. In this evaluation,
Cognizant was recognized as a leader in the report and
cited as the top offshore provider for North American
applications outsourcing.

    "Among leading Indian offshore firms, Cognizant
received the highest overall grade for cultural fit while
remaining price-competitive," states the report by
Forrester Research. "Cognizant performed well in our
analysis because of a variety of strengths.  One that stood
out in particular was its cultural affinity with US clients.
`What makes them so good is their ability to understand the
U.S. culture,' said one customer reference, who rated
Cognizant as its top applications outsourcing (AO)
provider. Cognizant also exhibited strong price
competitiveness: a one-two punch that helps to explain its
rapid growth."

    The rankings represent Forrester's selection of the top
performers from each of the major categories that make up
the North American Applications Outsourcing Providers --
multinational corporations (MNC's) and offshore players. 
Top companies in each sector were chosen based on current
offerings (technical, engagement and functional approach;
client references; and complementary capabilities),
strategy (solution and corporate) and market presence
(based on customer base, financial performance and
engagement profile).

    "We are honored to be recognized by Forrester for
our applications outsourcing strategy, cultural fit and
global delivery capabilities," said Francisco D'Souza,
President and CEO, Cognizant. "What distinguishes
Cognizant in the applications outsourcing market is our
utmost focus on client satisfaction and our commitment to
delivering higher returns on their IT outsourcing
investment. This recognition is a testament to the hard
work and dedication of our talented employees around the
world, and to our deep and long experience in Applications
Outsourcing, which has resulted in the maturity and
completeness of our offerings."

    For complete details on Cognizant's ranking or to
receive a copy of the report, please go to
http://www.cognizant.com/go/AOWave  

    About Cognizant's Applications Outsourcing Approach

    Cognizant takes a holistic approach to managing
outsourcing engagements via its unique relationship
management model. Cognizant tracks a client engagement at
various levels to ensure that all aspects -- project
delivery, infrastructure, quality processes, resource
management and financial issues -- are addressed. 

    About Cognizant

    Cognizant (Nasdaq: CTSH) is a leading provider of IT
and business process outsourcing services. Focused on
delivering strategic information technology solutions that
address the complex business needs of its clients,
Cognizant uses its own on-site/offshore outsourcing model
to provide applications management, development,
integration, and reengineering; infrastructure management;
business process outsourcing; and numerous related
services, such as enterprise consulting, technology
architecture, program management, and change management. 

    Cognizant has over 40,000 employees who are committed
to partnerships that sustain long-term, proven value for
customers by delivering high-quality, cost-effective
solutions through its development centers in India and
on-site client teams. Cognizant maintains P-CMM, SW-CMM and
CMMI Maturity Level 5 assessments from an independent
third-party assessor and ranked among the top information
technology companies in Business Week's Hot Growth
Companies. Cognizant is a member of the NASDAQ-100 Index
and the S&P 500 Index. Find additional information
about Cognizant at http://www.cognizant.com .

    This press release includes statements which may
constitute forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, the accuracy of which are necessarily
subject to risks, uncertainties, and assumptions as to
future events that may not prove to be accurate. Factors
that could cause actual results to differ materially from
those expressed or implied include general economic
conditions and the factors discussed in our most recent
Form 10-K and other filings with the Securities and
Exchange Commission. Cognizant undertakes no obligation to
update or revise any forward-looking statements, whether as
a result of new information, future events, or otherwise.


    For more information, please contact:

     Malcolm Frank
     Senior Vice President
     Marketing and Strategy
     Tel:   [phone]
     Email: [e-mail] 

     Investors: Gordon McCoun

     Press:     Brian Maddox

     Scot Hoffman, Financial Dynamics
     Tel:   [phone]
     Email: [e-mail]