Delivering technology for health sciences can be challenging. This industry is rife with cost, regulation, and privacy concerns, making digital transformation efforts in that market unfathomably tricky. It requires expertise that only arises from deliberate practice over many years and projects. This is a segment where Cognizant is finding significant success.
Cognizant might be the biggest company you’ve never heard of. Cognizant is a professional services company – that employs a workforce of over 350,000 associates. Cognizant makes its money, and furthers its reputation, helping other organizations achieve their digital transformation goals. It has a substantial presence in health sciences, communications, financial services, and automotive, to touch on just a few of its market segments.
Cognizant is successful at what it does. The company has grown from its founding nearly thirty years ago to number 185 on the latest Fortune 500 list. In addition, cognizant's most recent earnings reported top-line revenue of $4.8B; its overall top-line growth was nearly flat, but its health sciences revenue was up 3.5% year-on-year (only its Communications, Media & Technology group did better). This shows strong demand for what Cognizant is delivering.