Is Cognizant the Dark Horse of Indian Outsourcing?

Tata Consultancy Services, Infosys Technologies and Wipro may be the best-known Indian software services companies, but a much smaller U.S. firm has raced ahead of the Big Three in financial performance.

Cognizant Technology Solutions, which was spun off from credit-information provider Dun & Bradstreet Corp. in 1996, is headquartered in Teaneck, N.J., and listed on the Nasdaq, but most of its operations and three-quarters of its work force are in India.

On Tuesday, it said its revenue rose 6.3% to $960 million for the quarter ended in March, compared with the prior quarter. It forecast a $55 million increase for the current quarter ending June 30.

The growth forecast is aggressive even when compared with bellwether Infosys, which expects a $34 million to $44 million revenue increase in the current quarter.

Cognizant added 52 clients and expanded its staff by 7,100 employees last quarter, indicating the strength of the deals it has in the pipeline. The employee addition is next only to India’s top tech outsourcer, Tata, which added 10,775 staff in net terms during the same period.

Cognizant’s U.S. base and investments in sales personnel helped it pick up on customer signals better than its competitors, analysts said.

More: http://blogs.wsj.com/indiarealtime/2010/05/06/is-cognizant-the-dark-horse-of-indian-outsourcing/?mod=wsj_india_main

more of the same. *sigh*

To all you cheerleaders out there, beating the drum of capitalism and short-term gains in this new global economy...
You can be outsourced.
You will be outsourced.
Like it or not, you are already in this race to the bottom.
It doesn't matter how long you can hold your breath, everything is outsource-able.
Everything!