CTSH: Cognizant Named To Fortune Magazine’s List Of 100 Fastest-Growing Companies For Fourth Consecutive Year

Cognizant (NASDAQ: CTSH), a leading provider of IT services, today announced that it has been named to Fortune Magazine’s List of 100 Fastest-Growing Companies for the fourth consecutive year. As the fastest-growing global IT services company on this year’s list, Cognizant ranked #31 overall and was one of only two companies to be named a “Four year all-star” for its repeat performance.

“We are honored to be recognized for our track record of financial success and industry-leading growth,” said Lakshmi Narayanan, president and CEO, Cognizant. “Our continued momentum over the years is the product of our long-standing strategy of reinvesting in vertical expertise and service offerings that drive high levels of client satisfaction and long-term value to our shareholders.”

Companies that qualified for the list were ranked by their revenue growth rate, EPS growth rate and three-year annualized total return to investors for the period ended June 30, 2006. The overall ranking is based on the sum of the three categories. Cognizant generated a 77% annualized return to investors on 63% EPS growth and 57% revenue growth during this period. The article is accessible at http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2006/index.html

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of IT 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's more than 33,000 employees 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 and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named one of Forbes' Best Small Companies in America for the fourth consecutive year, and ranked among the top information technology companies in Business Week's Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index. Find additional information about Cognizant at www.cognizant.com