|Asset Classes||Listed equity|
|Impact strategy||Impact Equities and Bonds|
|Bloomberg ticker||CTSH US|
|Industry group||Software & Services|
|Aligned with SDGs|
Cognizant is an IT services provider active in technology consulting, application outsourcing, systems integration, business process services, and cloud services. The company generates approximately 76% of its revenues in North American market. The company's activities are split into four segments: financial services (34% of FY20 revenue), Healthcare (29%), Products & Resources (22%), and Communication, Media & tech (15%).
The company was founded in 1994 and used to be part of Dun & Bradstreet. It became a stand alone company in 1996 and went public in 1998. It employs close to 300,000 people, of which roughly 200,000 are based in India."
Cognizant enables its customers to make their business processes more efficient through digitisation. An important outcome of improved production efficiency is less waste, which in turn is necessary to stay within our planet's environmental boundaries.
Cognizant's healthcare business contributes to improved efficiency and quality in the healthcare sector.for example through improved processing of medical claims. This should lead to hospitals and other care providers receiving quicker payment for their services, giving them more financial leeway for quality improvements.