Cognizant Accelerates Investment in Retail Practice; New Retail Practi

    Business Editors/High-Tech Writers

    TEANECK, N.J.--(BUSINESS WIRE)--March 1, 2005--Cognizant Technology Solutions (Nasdaq: CTSH) a leading provider of IT services, today announced that its retail practice continues to expand rapidly. Cognizant counts six out of the top 20 retailers worldwide as customers.
    "Cognizant's Tranforming while Performing solution has been particularly well received by retailers," said Cognizant's new Retail Practice Leader, Ron Glickman. Ron brings to Cognizant more than 25 years experience in the Retail, Consumer Product, Healthcare, and Management Consulting industries, and was CIO at DFS Group, a subsidiary of Moet Hennessy-Louis Vuitton. "Cognizant can help retailers cut the cost of IT support and then help them reinvest a portion of the savings in strategic, IT-enabled business initiatives."
    Cognizant has several solutions for retailers. These include solutions in the area of Warehouse management, Price Optimization, Wireless POS, Customer Relationship Management, supply chain solutions using RFID, accelerated barcode compliance tool kit, and retail IT strategy consulting. Cognizant has developed a detailed framework for package evaluation to help in package selection for customers.
    "Our investments in solutions and people in our retail practice have paid off," said Francisco D'Souza, Cognizant's COO. "Revenues from services to retail, manufacturing and logistics clients grew 62% in 2004 and now account for 19% of our total revenue."
    Cognizant's Retail solutions have won the Computerworld Smithsonian Honors three years in a row. Cognizant also has partnerships with the major RFID technology vendors.

    About Cognizant Technology Solutions

    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 provides applications management, development, integration, and re-engineering, infrastructure management, business process outsourcing, and a number of related services such as enterprise consulting, technology architecture, program management and change management through its onsite/offshore outsourcing model.
    Cognizant's more than 15,000 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 onsite client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor. Cognizant was recently named to the NASDAQ-100 Index, recognized as Forbes' Best Small Company in America for the second consecutive year, and ranked as the top information technology company in BusinessWeek's Hot Growth Companies. Further information about Cognizant can be found at http://www.cognizant.com.

    This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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CONTACT: Cognizant Technology Solutions Larry Gordon, 201-678-2743 lgordon@cognizant.com or Financial Dynamics Investor Contact: Ian Bailey / Kirin Smith, 212-850-5600 or Press Contact: Brian Maddox / Scot Hoffman, 212-850-5600 shoffman@fd-us.com

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING PRODUCT SOURCE: Cognizant Technology Solutions

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