No. 19: Cognizant Technology Solutions
Industry: Information Technology
Sales: $2.1 billion
Net Income: $350.1 million
One of the fastest-growing Indian outsourcers is based in Teaneck, N.J. Last year, Cognizant's (CTSH) revenues climbed 50%, to $2.1 billion, and CEO Francisco D'Souza projects another growth spurt this year. The secret: focus. It concentrates on U.S. and European clients, a handful of industries, and just three core services—software programming, business process outsourcing, and managing computer equipment. Of late, the stock has tumbled on worries that Cognizant may rely too much on the troubled financial-services industry, from which it draws nearly half its sales.
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