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HELPING CLIENTS

Win With Digital

2017
ANNUAL
REPORT
At Cognizant, we are hard at work envisioning and building the digital economy. We do so to support our clients, many of which serve as the pillars of the global economy. With Cognizant as their partner, they’re combining their assets and knowledge with powerful digital technologies to generate new revenue streams, new operating models, and entirely new ways of delighting their customers. As a result, these clients are emerging as a new generation of digital heavyweights. And we’re investing aggressively to continuously build new capabilities to help them Win With Digital.

5 Facts that Tell Our Growth Story

Our 2017 performance demonstrated consistent execution against our plan to speed Cognizant’s shift to digital services and solutions to drive value for clients and stockholders.

$8.8

2013

$10.3

2014

$12.4

2015

$13.5

2016

$14.8

2017

Revenue In Billions

5-YR CAGR = 15%

$1,678

2013

$1,885

2014

$2,142

2015

$2,289

2016

$2,481

2017

Operating Income In Millions

5-YR CAGR = 13%

$5.1B*

Cash & Short-Term Investments

Up from $2.9B at the close of 2012.

$2.1B*

Capital Returns Though Dividends & Share Repurchases

Up from $500 million in share repurchases in 2012.

357

Strategic Clients**

Up from 214 in 2012.

* As of December 31, 2017
** Clients with the potential to generate at least $5 million to $50 million or more in annual revenue.

Full year revenue was $14.8 billion – up nearly 10% year over year. GAAP diluted EPS was $2.53. Non-GAAP diluted EPS was $3.77, compared to $3.39 in 2016. Our performance reflected growth across each of our segments and most of our geographies, as well as a nearly 30% rise in digital-related revenue.

From Our

CHIEF EXECUTIVE OFFICER

“We are hard at work helping clients envision – and succeed – in the digital economy. With Cognizant as their partner, our clients are combining their existing business assets with powerful digital technologies to generate new revenue streams and personalized customer experiences.”

FRANCISCO D’SOUZA

Chief Executive Officer

“Solid execution, along with continued investment in the business, positioned Cognizant to help clients out-compete and out-perform in a digital economy.”

KAREN MCLOUGHLIN
Chief Financial Officer

“We bring unparalleled knowledge of clients’ industries, markets and technology platforms, and the ability to help them realize the potential of digital business.”

RAJEEV MEHTA
President

ALIGNED WITH OUR CLIENTS’ NEEDS

Being digital at scale requires organizations to execute holistically across their business, operating, and technology models. Here’s how our three practice areas enable this for clients, worldwide.

  • Business Model
    ENGAGE CUSTOMERS TO DRIVE GROWTH

    Cognizant Digital Business helps clients to build and envision innovative products and experiences, develop go-to-market approaches, and invent disruptive business models. Strategists enable businesses to generate new growth, meaningful differentiation, and real economic value.

    OUR SERVICES:
    • Digital Strategy
    • Interactive Design
    • AI & Analytics
    • Connected Products
    • Digital Engineering
    LEARN MORE
  • Operating Model
    IMPROVE CLIENTS’ OPERATIONAL PERFORMANCE

    Cognizant Digital Operations helps organizations create agile, intelligent, and digitally-enabled processes that deliver humanized transactions and experiences that outpace user expectations.

    OUR SERVICES:
    • Industry and Platform Solutions
    • Enterprise Services
    • Intelligent Process Automation
    LEARN MORE
  • Technology Model
    SIMPLIFY IT, MODERNIZE IT AND SECURE IT

    Cognizant Digital Systems & Technology helps IT organizations create and evolve their applications, platforms, and infrastructure to meet the needs of a modern, efficient digital enterprise.

    OUR SERVICES:
    • Digital Engineering
    • Legacy Transformation
    • Core Modernization
    • Cloud Enablement
    • Security Services
    LEARN MORE
  • Cognizant Consulting
    HUMAN-CENTRIC, ANALYTICALLY-BASED DIGITAL SOLUTIONS

    Over 6,000 consulting professionals worldwide help clients embed digital thinking and solutions into the core of their businesses.

    LEARN MORE

DIGITAL @ WORK

AMPLIFYING BUSINESS STRENGTHS

Businesses today are racing to embrace the digital world. We have created a portfolio of industry-specific and cross-industry offerings focused on high-value business activities that blend modern digital platforms and frameworks with expert business and technology consulting and integration services. Below are several examples of ready-made elements that can be quickly deployed to maximize operational performance, improve time-to-impact, and minimize execution risk.

Cognizant OnePlant™:

Making Manufacturing More Intelligent

The benefits of intelligent manufacturing have increasingly become evident to businesses in such diverse fields as automotive, electronics, chemical, pharmaceuticals, oil and gas, and food and beverages. In these and other sectors, clients increasingly expect manufacturing processes to anticipate and respond more quickly to customers’ needs, create customized products, enhance quality control, reduce downtime, gain better inventory visibility, and reduce energy consumption and operational costs.

Achieving these and other benefits through intelligent manufacturing takes a connected and complex ecosystem of machines and facilities, advanced data collection and analysis, and the automated movement and tracking of materials and products through the logistics chain. Cognizant OnePlant helps clients to quickly and systematically define their objectives, identify relevant KPIs, select the right technologies, design a process blueprint – and transition the intelligent manufacturing process from pilot to full rollout.

With Cognizant OnePlant, factories that had been "siloed" can now be connected via the industrial Internet of Things – and thus be integrated with supply chains and empowered by data to support more agile, collaborative, autonomous, and lean operations.