Cognizant Recognized for Strong Results by Two Prestigious Business Magazines; Financial Performance Recognized by BusinessWeek and Business 2.0

Business Wire, June 5, 2006

TEANECK, N.J. -- Cognizant Technology Solutions (NASDAQ: CTSH), a leading provider of IT services, today announced that the Company has been recognized by BusinessWeek and Business 2.0 for its consistently strong financial performance over the last several years. E[acute accent]In the June 5th issue of the magazine, BusinessWeek named Cognizant #16 among its annual list of 100 Hot Growth Companies, the fifth year that Cognizant has been included on this prestigious list. This year's ranking is based on Cognizant's revenue and earnings growth, return on capital, return on equity and share performance over the last three years. To determine overall ranking, BusinessWeek analyzed a database of over 5,200 public companies across all industry sectors with annual revenue from $50 million to $1.5 billion. E[acute accent]Business 2.0 has also named Cognizant #28 on the B2 100 list of the Fastest-Growing Tech Companies, and #7 in overall job growth in the June issue of the magazine. Cognizant was the only IT outsourcing services company to be represented on the list. The publication screened more than 2,000 US publicly traded technology companies and employed analysis from Zacks Investment Research to determine overall company ranking, based on 3-year annualized growth in revenue, earnings, operating cash flow and stock performance as of December 31, 2005. This is the third consecutive year in which Cognizant was named to the list. E[acute accent]"We are honored to be recognized by these prestigious publications for Cognizant's consistent track record of strong revenue and earnings growth," said Lakshmi Narayanan, President and CEO, Cognizant. "This recognition is the result of our employees' dedicated focus to delivering significant business value for our customers and our management team's commitment to investing in our future growth, while driving long-term value for our shareholders." E[acute accent]To read about Cognizant in the BusinessWeek Hot Growth Companies list and Business 2.0 100 Fastest Growing Tech Companies rankings, please click on the following web links: http://www.businessweek.com/hot_growth/2006/company/16.htm http://money.cnn.com/magazines/business2/b2fastestgrowing/ snapshots/28.html E[acute accent](Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

E[acute accent]About Cognizant

E[acute accent]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 uses its own on-site/offshore outsourcing model to provide applications management, development, integration, and reengineering; infrastructure management; business process outsourcing; and numerous related services, such as enterprise consulting, technology architecture, program management, and change management. E[acute accent]Cognizant's more than 28,000 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 on-site client teams. Cognizant maintains P-CMM and SEI-CMM Level 5 assessments from an independent third-party assessor, was recently named one of Forbes' Best Small Companies in America for the fourth consecutive year, and ranked among the top information technology companies in Business Week's Hot Growth Companies. Cognizant is a member of the NASDAQ-100 Index. Find additional information about Cognizant at www.cognizant.com.

E[acute accent]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.