Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services. With over 50 global delivery centers and approximately 88,700 employees as of June 30, 2010, we combine a unique global delivery model infused with a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings.

Highlights – Second Quarter 2010

•Quarterly revenue rose to $1.105 billion, up 15% sequentially and 42% from the year-ago quarter
•Quarterly diluted EPS on a GAAP basis was $0.56, compared to $0.47 in the year-ago quarter
•Quarterly diluted EPS on a non-GAAP basis, which excludes stock-based compensation expense, was $0.59, compared to $0.50 in the year-ago quarter
•GAAP and non-GAAP diluted EPS includes the impact of $0.02 in net non-operating foreign currency exchange losses

2010 Outlook – Third Quarter and Full Year
The Company is providing the following guidance:

•Third quarter 2010 revenue anticipated to be at least $1.175 billion
•Third quarter 2010 diluted EPS expected to be $0.59 on a GAAP basis and $0.63 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense
•Fiscal 2010 revenue expected to be at least $4.46 billion, up at least 36% compared to 2009
•Fiscal 2010 diluted EPS expected to be at least $2.26 on a GAAP basis, and at least $2.42 on a non-GAAP basis, which excludes $0.16 of estimated stock-based compensation expense
•Due to continued volatility in the currency markets, EPS guidance excludes the impact of any future net non-operating foreign currency exchange gain or loss

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