## Becoming Even More Global 

In 2004, we grew significantly not only in North America but also in Europe. Many of our cus- tomers have a global presence, and many are entering newer markets. By virtue of our intimate knowledge of their business systems, we have been able to expand our capabilities to support global customers in regions as varied as China, Malaysia, Norway, Singapore, Japan, The Netherlands and Switzerland. 

A strongly focused customer-centric business model guides Cognizant even in these distant regions. Our client service teams are based near the customers while the bulk of the applications development and maintenance work takes place in India. 

Today, we have begun to replicate the back-end India model in China, undertaking a highly systematic build-out of our development center in Shanghai. 

In all our expansion, we resolutely adhere to our long-standing process discipline, top-flight performance standards, quality-driven work ethic and customer-centric culture. We will not dilute these quality emphases. 

## Expanding our Platform to Meet Growing Customer Demand 

As offshore has become a mainstream IT trend, Cognizant has become eligible to compete for a greater share of each customer’s overall IT budget. This opportunity, coupled with our invest- ments in obtaining strategic customers and new service offerings has driven revenues and in turn fueled the growth of our infrastructure. 

During 2004, we expanded our worldwide employee count to over 15,000, up 65 percent over 2003. We also invested significantly in facilities expansion as a way of reducing overhead costs. In 2004, we announced plans to enlarge our current Techno-Complex construction program in India to over 900,000 square feet. These new facilities will include 830,000 square feet of space to house close to 9,000 employees in Chennai, Pune, Calcutta and Bangalore. The expanded program also includes construction of 100,000 square feet of educational space for Cognizant Academy in Chennai. As they reach full capacity, these facilities will provide long-term real estate cost savings. The first of these facilities is expected to come online during 2005. 

## Awards and Distinctions in 2004 

## Press Recognition 

Many influential magazines continue to recognize Cognizant’s excellence. 

For the second year running, Cognizant was named the “Best Small Company in America” by Forbes magazine. This is the fifth time that Cognizant has been named to the list, and is the third time we were ranked number one overall. The Forbes’ ranking speaks to our strong focus on managing the business for the long-term. It also speaks to our sharp focus on technology service solutions that strongly benefit our customers, which in turn translates into strong financial per- formance across the criteria on which Forbes bases the ranking. Additionally, Fortune magazine ranked Cognizant among its top growth companies, and Cognizant was likewise listed on BusinessWeek’s Infotech 100. 

1999 

• Named as “Best Small Company in America” by Forbes for first time 

• Begins cross-selling Y2K clients 

• Launches e-business and application outsourcing services 

• Completes 2-1 stock split 

2000 

• Achieves SEI CMM Level 5 certification 

• Named as “Top Solution Provider” by BusinessWeek 

• Expands operations to fourth city in India (Bangalore) 

