Cognizant storms into Fortune 200 after record revenues
After seeing its revenues soar in 2017, digital consulting giant Cognizant has swept into the Fortune 200. The firm first debuted in the Fortune 500 ranking of the biggest companies in the US in 2011. Cognizant has since shot up the rankings from 484th to reach the 195th spot in 2018 and continues to grow.
Digital consultancy Cognizant commanded revenues of $14.81 billion in 2017, an increase of 9.8% over 2016 and its strongest performance in a relatively short 25 year history. The figure was enough to secure the technology and consulting firm’s place among the 200 largest companies in the US. Cognizant was ranked at No. 205 on the 2017 Fortune 500 and this year has risen ten spots to No. 195.
"Cognizant enters its 25th year in business playing a leading role in building the digital economy," said Francisco D'Souza, CEO. "Our expertise in applying technology to transform our clients' enterprises has enabled us to be one of the world's fastest-growing professional services companies.”
Cognizant looks all but certain to continue its march up the rankings in 2019. Late last year the Teaneck, N.J. headquartered firm was placed at No. 17 on the first Fortune Future 50 list, which identifies firms with the best prospects for breakout growth. D'Souza himself was ranked No. 10 on the 2017 Fortune Businessperson of the Year list and Cognizant routinely appears on Fortune’s list of the World’s Most Admired Companies.
To enter the Fortune 500, companies must be incorporated and operate in the US. Cognizant’s status as a large multinational offering a vast range of digital, advertising and operating model services to financial sector clients, on top of its consulting offering, is key to its impressive revenues. Traditional management consultancies such as McKinsey, Bain and BCG, typically guard their financials with too much privacy to be admitted to the Fortune rankings.
